Dow Corning Names New CEO; Burns Out 5-03-2011 - WNEM TV 5

Dow Corning Names New CEO; Burns Out 5-03-2011

Dow Corning Corporation’s board of directors announced Tuesday the selection of Robert D. Hansen as CEO of Dow Corning, effective immediately.
Stephanie A. Burns, Ph.D., will remain chairman of the board.
Hansen, 50, has been employed by Dow Corning for 29 years and was named president in November 2010. He will continue to serve as president.
“In the six months Bob has served as president, he has brought focused attention to creating the capabilities needed to support Dow Corning’s growth,” said Burns. “With Bob’s record of strong business leadership and results, our board of directors and I are very confident in his ability to lead Dow Corning in a new era of global expansion, technological exploration, and sustainable innovation.”
Hansen was named vice president and general manager of the Core Products Business in 2005, and was subsequently promoted to executive vice president.
“We’ve experienced tremendous growth in this company in the past several years,” said Hansen. “Under Stephanie’s leadership, Dow Corning has grown from a $2 billion company to a $6 billion company. I speak for the eleven thousand employees at Dow Corning who are grateful to her for giving us the legacy of innovation, a commitment to sustainable growth and most importantly, the pure dedication and passion she has brought to this company every day.”
Hansen joined Dow Corning’s Finance function in 1982, in Midland. Six years later, he relocated to Brazil as regional finance manager, returning to the U.S. in 1992 as economic evaluator and controller for the rubber business. Hansen became the manager for the South American region in 1996. Following that, he had numerous roles including product line management, procurement director and global oversight for Dow Corning’s Construction business before being named European Area president in 2002.
A graduate of Valparaiso University, with a Bachelor of Science degree in business administration, Hansen now serves on the university’s board of directors.
Hansen is a native of Midland, where he and his wife, Kathy, now reside. They have two grown children and one grandchild.
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