Dow Corning Chairman of Board Anderson Retires; President and CEO Burns Elected Chair2 March 2006
The Dow Corning Board of Directors elected Stephanie A. Burns, president and chief executive officer, to the position of chairman at its quarterly meeting held yesterday, December 12, 2005. Burns will replace Gary E. Anderson, who announced his retirement after serving as board chairman since 2001. Both changes are effective January 1, 2006.
Burns will continue to serve as Dow Corning CEO, a post she assumed after Anderson's retirement from active service with the company in July 2004.
"Gary's unwavering dedication to the success of Dow Corning, our customers, and our employees has inspired everyone," said Burns. "His emphasis on integrity and innovation has shaped Dow Corning's culture globally. Going forward, I'm excited about the opportunities for the board to continue guiding Dow Corning on its path of sustained innovation and success."
Anderson retires after a 38-year career with Dow Corning. "It was invigorating to work with such a fine group of employees and board members who have done an outstanding job of making Dow Corning the technology and innovation leader it is today," said Anderson. "I will miss working closely with them and am confident that Dow Corning's future is bright and in good hands."
About Stephanie A. Burns, Ph.D.
Burns joined Dow Corning in 1983 as a researcher. Four years later, she became product development manager for the Electronics Industry, where she led advances in ultraviolet curable coatings and materials for device protection and electronics adhesives. She became director of Women's Health in 1994.
In 1997, Burns was named Science and Technology director for Europe. In 1999, she became industry director for Life Sciences in Europe, and later became European Electronics industry director. In December 2000, Burns was named executive vice president and elected to Dow Corning's Board of Directors. In February 2003 she was named president and chief operating officer. In January of 2004 she was named CEO.
Burns holds a Ph.D. in organic chemistry, with an organosilicon specialty, from Iowa State University. She has completed post-doctoral studies at the University of Languedoc-Rousillon in France.
About Gary E. Anderson
Anderson joined Dow Corning in 1967 and spent the early years of his career in manufacturing roles, moving into economic evaluation and business management positions in the mid-1970s. In 1979, he became director of Manufacturing and Engineering for Europe. From 1983 to 1984, he took a leave of absence from Dow Corning to serve as acting deputy assistant secretary for Basic Industries for the U.S. Department of Commerce. After he returned to Dow Corning, he held a variety of management and director positions, becoming a corporate director in 1992, president in 1994 and CEO in 1999.
Anderson earned a bachelor's degree in chemical engineering from Michigan Technological University (MTU) in 1967 and an MBA in finance from Central Michigan University in 1973. In May 2003, Gary was awarded an honorary doctor of engineering degree from MTU in recognition of his career accomplishments and service to MTU. He has been a member of the President's Advisory Board and a Trustee of MTU's development fund for many years.
Dow Corning (http://www.dowcorning.com ) provides performance-enhancing solutions to serve the diverse needs of more than 25,000 customers worldwide. A global leader in silicon-based technology and innovation, offering more than 7,000 products and services, Dow Corning is equally owned by The Dow Chemical Company (NYSE: DOW) and Corning, Incorporated (NYSE: GLW). More than half of Dow Corning's annual sales are outside the United States.
Source: prnewswire
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