Dow Management

Management criteria checks 3/4

Dow's CEO is Jim Fitterling, appointed in Aug 2018, has a tenure of 6.08 years. total yearly compensation is $20.83M, comprised of 8.1% salary and 91.9% bonuses, including company stock and options. directly owns 0.034% of the company’s shares, worth MX$243.44M. The average tenure of the management team and the board of directors is 3.6 years and 5.6 years respectively.

Key information

Jim Fitterling

Chief executive officer

US$20.8m

Total compensation

CEO salary percentage	8.1%
CEO tenure	6.1yrs
CEO ownership	0.03%
Management average tenure	3.6yrs
Board average tenure	5.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jim Fitterling's remuneration changed compared to Dow's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	US$1b
Mar 31 2024	n/a	n/a	US$1b
Dec 31 2023	US$21m	US$2m	US$578m
Sep 30 2023	n/a	n/a	US$1b
Jun 30 2023	n/a	n/a	US$2b
Mar 31 2023	n/a	n/a	US$3b
Dec 31 2022	US$19m	US$2m	US$5b
Sep 30 2022	n/a	n/a	US$6b
Jun 30 2022	n/a	n/a	US$7b
Mar 31 2022	n/a	n/a	US$7b
Dec 31 2021	US$25m	US$2m	US$6b
Sep 30 2021	n/a	n/a	US$6b
Jun 30 2021	n/a	n/a	US$4b
Mar 31 2021	n/a	n/a	US$2b
Dec 31 2020	US$22m	US$2m	US$1b
Sep 30 2020	n/a	n/a	-US$2b
Jun 30 2020	n/a	n/a	-US$2b
Mar 31 2020	n/a	n/a	-US$2b
Dec 31 2019	US$16m	US$1m	-US$2b
Sep 30 2019	n/a	n/a	US$974m
Jun 30 2019	n/a	n/a	US$1b
Mar 31 2019	n/a	n/a	US$2b
Dec 31 2018	US$8m	US$1m	US$3b

Compensation vs Market: Jim's total compensation ($USD20.83M) is above average for companies of similar size in the MX market ($USD5.96M).

Compensation vs Earnings: Jim's compensation has been consistent with company performance over the past year.

CEO

Jim Fitterling (62 yo)

6.1yrs

Tenure

US$20,829,446

Compensation

Mr. James R. Fitterling, also known as Jim, serves as an Independent Director at 3M Company since February 5, 2021 and has been it's Lead Independent Director since April 03, 2024. He has been Chief Execut...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
James Fitterling	Chairman & CEO	6.1yrs	US$20.83m	0.034% $ 238.9m
Jeffrey Tate	Chief Financial Officer	less than a year	US$5.91m	no data
John Sampson	Senior Vice President of Operations	3.9yrs	US$6.65m	0.0055% $ 38.5m
Attiganal Sreeram	Senior VP of Research & Development and CTO	5.4yrs	US$5.63m	0.020% $ 140.8m
Amy Wilson	General Counsel & Corporate Secretary	9.6yrs	US$5.82m	0.0086% $ 60.5m
Melanie Kalmar	Corporate VP	no data	no data	no data
Pankaj Gupta	Vice President of Investor Relations	3.6yrs	no data	no data
Lauren James	Senior Vice President of Corporate Development	less than a year	no data	no data
Lisa Bryant	Chief Human Resources Officer	1.8yrs	no data	0.00085% $ 6.0m
Karen Carter	President of Packaging & Specialty Plastics	1.8yrs	US$7.22m	0.0038% $ 26.6m
Jane Palmieri	President of Industrial Intermediates & Infrastructure - Asia Pacific oversight	5.4yrs	US$6.89m	0.0060% $ 41.8m
Andre Argenton	VP of Environment	2.4yrs	no data	no data

3.6yrs

Average Tenure

54.5yo

Average Age

Experienced Management: DOW1 *'s management team is considered experienced (3.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
James Fitterling	Chairman & CEO	6.1yrs	US$20.83m	0.034% $ 238.9m
Jeffrey Fettig	Independent Director	21.7yrs	US$340.06k	0.0098% $ 68.6m
Daniel Yohannes	Independent Director	6.7yrs	US$320.06k	0.00025% $ 1.8m
Richard Davis	Independent Lead Director	9.7yrs	US$385.06k	0.0023% $ 16.2m
Wesley Bush	Independent Director	6.7yrs	US$320.06k	0.0037% $ 26.2m
Samuel Allen	Independent Director	5.1yrs	US$340.06k	0.00019% $ 1.3m
Jerri DeVard	Independent Director	2.4yrs	US$320.06k	no data
Gaurdie Banister	Independent Director	4.1yrs	US$320.06k	0.00051% $ 3.6m
Luis Alberto Mejia	Independent Director	3.4yrs	US$320.06k	0% $ 0
Jacqueline C. Hinman	Independent Director	6.7yrs	US$340.06k	0.00053% $ 3.7m
Jill Wyant	Independent Director	4.4yrs	US$320.06k	0% $ 0
Debra Dial	Independent Director	3.4yrs	US$320.06k	0.00029% $ 2.0m

5.6yrs

Average Tenure

66yo

Average Age

Experienced Board: DOW1 *'s board of directors are considered experienced (5.6 years average tenure).

Dow Management

Management criteria checks 3/4

Key information

Recent management updates

Insufficient new directors

Insufficient new directors

Insufficient new directors

Dow Inc. Announces Management Changes

Dow Inc., Annual General Meeting, Apr 11, 2024

Dow Inc., Annual General Meeting, Apr 11, 2024

Recent updates

Insufficient new directors

Second quarter dividend of US$0.70 announced

Dow Declares Quarterly Dividend, Payable on September 13, 2024

Second quarter 2024 earnings released: EPS: US$0.62 (vs US$0.68 in 2Q 2023)

Dow Inc. (NYSE:DOW) agreed to acquire Circulus Holdings, PBLLC.

Insufficient new directors

Upcoming dividend of US$0.70 per share

Dow Inc. Starts Commercial Operations of its Adhesive and Gap Fitting Production Line at its Polyurethanes Systems House in Ahlen, Germany

Insufficient new directors

Arkema S.A. (ENXTPA:AKE) agreed to acquire The Dow Chemical Company from Dow Inc. (NYSE:DOW) for an enterprise value of $150 million.

Dow Announces Showcase Its Asia Pacific Portfolio of Innovative Materials Science Solutions

First quarter 2024 earnings released: EPS: US$0.73 (vs US$0.14 loss in 1Q 2023)

Fourth quarter dividend of US$0.70 announced

Dow Inc. Declares Quarterly Dividend, Payable June 14, 2024

Dow Inc. Announces Management Changes

As You Sow Files a Notice of Exempt Solicitation to Dow

As You Sow Files a Notice of Exempt Solicitation to Dow Inc

Dow Inc., Annual General Meeting, Apr 11, 2024

Dow Inc., Annual General Meeting, Apr 11, 2024

Fourth quarter dividend of US$0.70 announced

Dow Declares Quarterly Dividend, payable on March 8, 2024

New minor risk - Earnings quality

Full year 2023 earnings released: EPS: US$0.83 (vs US$6.32 in FY 2022)

Dow Inc. Appoints Andrea Dominowski as Controller, Effective February 1, 2024

Dow Inc. Reaffirms Earnings Guidance for the Fourth Quarter of 2023

Dow Inc. to Report Q1, 2024 Results on Apr 25, 2024

Dow Inc. to Report Q2, 2024 Results on Jul 25, 2024

Third quarter 2023 earnings released: EPS: US$0.43 (vs US$1.03 in 3Q 2022)

Dow Inc. Announces Chief Financial Officer Changes

Dow Inc. Announces Chief Financial Officer Changes

Dow Declares Quarterly Dividend, Payable on December 8, 2023

Dow Declares Quarterly Dividend, Payable on September 8, 2023

Second quarter 2023 earnings released: EPS: US$0.69 (vs US$2.28 in 2Q 2022)

Upcoming dividend of US$0.70 per share at 5.4% yield

Independent Director recently bought Mex$390k worth of stock

First quarter 2023 earnings released: US$0.13 loss per share (vs US$2.13 profit in 1Q 2022)

High number of new directors

High number of new directors

Dow Inc. Declares Quarterly Dividend, Payable March 10, 2023

High number of new directors

Dow Inc. Announces Management Changes

High number of new directors

Dow Inc. to Report Q3, 2023 Results on Oct 19, 2023

Upcoming dividend of US$0.70 per share

High number of new directors

Dow Inc. Announces Executive Changes

Independent Director recently bought Mex$430k worth of stock

Third quarter 2022 earnings released: EPS: US$1.04 (vs US$2.25 in 3Q 2021)

Dow Inc. Declares Quarterly Dividend, Payable on December 9, 2022

High number of new directors

Investor sentiment deteriorated over the past week

High number of new directors

Upcoming dividend of US$0.70 per share

Dow Declares Quarterly Dividend, Payable on September 9, 2022

Independent Director recently bought Mex$425k worth of stock

Second quarter 2022 earnings released: EPS: US$2.29 (vs US$2.53 in 2Q 2021)

High number of new directors

Upcoming dividend of US$0.70 per share

High number of new directors

Independent Director recently bought Mex$551k worth of stock

First quarter 2022 earnings released: EPS: US$2.13 (vs US$1.32 in 1Q 2021)

High number of new directors

Dow Inc. Appoints Jerri DeVard to its Board of Directors

Dow Declares a Dividend, Payable June 10, 2022

Dow Inc. (NYSE:DOW) entered into an agreement to acquire an unknown minority stake in Hanseatic Energy Hub GmbH.

High number of new directors

Independent Director recently bought Mex$460k worth of stock

Upcoming dividend of US$0.70 per share

Dow Inc. Declares Quarterly Dividend, Payable on March 11, 2022