Dow today announced that Samuel R. Allen, chairman and chief executive officer of Deere & Company, has been elected to Dow’s Board of Directors, effective August 1, 2019.
Mr. Allen brings to Dow’s board extensive corporate experience and knowledge of international business operations, manufacturing, marketing and sales, as well as public company board expertise in corporate governance, compensation and board leadership. He will serve on the Corporate Governance and Compensation and Leadership Development committees of Dow’s board.
“During his 44 years with Deere & Company, Sam has helped transform its global operations and created significant shareholder value,” said Jeff Fettig, non-executive chairman of Dow’s Board of Directors. “He has played a critical role in revolutionizing business through technology and innovation, and we look forward to benefiting from his leadership and expertise.”
Mr. Allen’s appointment further strengthens the industry leadership and capital allocation expertise of Dow’s Board of Directors – six out of 10 independent directors have public company CEO or CFO experience. Dow’s board is also comprised of a strong balance of new and experienced directors with more than half joining in the past five years.