Paquier to lead Dow expansion in the region
Egypt, July 18th, 2010 - The Dow Chemical Company recently appointed Stephane Paquier, formerly Vice President of Mergers and Acquisitions, as the new President of Dow Africa. Paquier's appointment recognizes the importance of Africa as a critical growth market for Dow Chemical and its continued commitment to the region. Paquier will report to Geoffery Merszei, President of Dow Europe, Middle East and Africa.
"Stephane brings a wealth of knowledge and experience to Africa from his broad regional background, in addition to his strategic capabilities and extensive financial expertise," said Andrew Liveris, Dow Chairman and CEO.
"The African market is teeming with opportunities for innovation and growth. Dow has had a presence in Africa for over 50 years and we will continue to grow operations in the region to address the needs of our customers and markets. This is an exciting time for us to be in Africa as it has proven its potential in recent years," said Paquier.
Prior to being named President of Dow Africa, Stephane Paquier held the post of Vice President of Mergers and Acquisitions. Paquier joined Dow in 1984 in Geneva, Switzerland in the treasury department with trade financing responsibilities for Middle East and Africa.
He subsequently held a number of treasury positions in Frankfurt and Horgen for financial risk management, financial planning, and cash management, before being named Treasurer for Dow Central Europe in Frankfurt in 1993, where his area of responsibilities included France, Germany, Switzerland, Poland, and Hungary.
From 1995-2000, he led the financial integration of BSL (the largest privatization of East German assets) in eastern Germany. In 2000, he was named Corporate Finance Director in Midland, Michigan, where he headed up the Global Funding Process for Dow. From 2002 - 2006, Paquier was Corporate Director of Mergers and Acquisitions. 2006 - 2009 Stephane Paquier was Regional Finance Director for Dow India, Middle East and Africa. He was also responsible for Dow's M&A activities throughout the region.
Paquier has served on the board of directors of several Dow subsidiaries and joint ventures, including BSL, UOP, Petromont, Cargill-Dow, EQUATE and MEGlobal. Paquier holds a diploma from the Ecole Superieure de Commerce of Geneva.
For more information about Dow, visit www.dowmiddleeast.com
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About Dow
Dow combines the power of science and technology with the "Human Element" to passionately innovate what is essential to human progress. The Company connects chemistry and innovation with the principles of sustainability to help address many of the world's most challenging problems such as the need for clean water, renewable energy generation and conservation, and increasing agricultural productivity. Dow's diversified industry-leading portfolio of specialty chemical, advanced materials, agrosciences and plastics businesses deliver a broad range of technology-based products and solutions to customers in approximately 160 countries and in high growth sectors such as electronics, water, energy, coatings and agriculture. In 2009, Dow had annual sales of $45 billion and employed approximately 52,000 people worldwide. The Company's more than 5,000 products are manufactured at 214 sites in 37 countries across the globe. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted. More information about Dow can be found at www.dow.com.
About Dow in Africa
Dow established its first sales office in Africa more than 50 years ago. Today the company enjoys a growing commercial and manufacturing presence with 11 locations across the continent in South Africa, Egypt and Kenya. Dow's presence in Africa will continue to demonstrate the company's industry leadership, technical innovation and expertise with a commitment to sustainability to help transform the region into a key player in the global petrochemicals industry. Dow is focusing all its efforts towards being an active social and community member and an employer and partner of choice on the continent. Through innovative and sustainable initiatives like the Habitat for Humanity project in Egypt and Osizweni Mobile Science lab in South Africa, Dow is playing a pivotal social and development role in the region. The company is poised to increase its footprint in Africa, with plans for a presence on the ground in West Africa and additional locations in North Africa. For more information about Dow in Africa, please visit www.dowafrica.com
For more information, please contact:
Salah El Din Aloui
Media Relations Manager
Promoseven Weber Shandwick PR
Tel : 33047215
Fax : 33047213
Mobile: 012 3979586
E-mail: salah@promoseven.com
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