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Mr William Stavropoulos is the President and CEO of Dow Chemical Corporation Dow is the fifth largest chemical company in the world with annual sales of more than 20 billion You may or may not recognize the name Dow but you are certain to recognize some its well-known products such as Saran Wrap Ziplock plastic bags Spray n Wash Stain Stick and Glass Plus Multi-surface Cleaner Mr Stavropoulos started his career with Dow in 1967 when he was hired as a research chemist He became director of marketing for the Dow USA Plastics Department in 1979 commercial vice- president for Dow Latin America in 1980 and became president and CEO of Dow Chemical Corporation in 1993 Over the years Mr Stavropoulos has been a vital part of bringing Dow into the homes of consumers In 1999 Dow Chemical Corporation began to take a critical look at their business lines In order to achieve their goals of being the most productive best value growth chemical company in the world Mr Stavropoulos saw the need to restructure Dow Not only the product lines and what the company focus was to be but he also knew he needed to change the culture within the company to accept the needed changes He did so by using the autocratic decision making style and gradually flowing into collective style throughout the restructuring process He wanted the company to become more competitive have more consistent earnings and to start investing in the long-term Mr Stavropoulos took control of the restructuring process and made many important decisions by using the autocratic style of decision making In order to become more competitive they needed to set standards for each of the companies After setting standards they needed to increase productivity which meant weeding out the companies that were not their strongest This was very hard to do and it meant cutting the work force by 30 and divesting 10 billion of
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