Dow Shifts Leadership as Fitterling Moves to Executive Chair, Carter Takes CEO Role
Event summary
- Jim Fitterling transitions from CEO to Executive Chair of Dow's Board on July 1, 2026.
- Karen S. Carter, current COO, appointed as CEO effective July 1, 2026.
- Carter joins Dow's Board of Directors, while Richard Davis remains Independent Lead Director.
- Fitterling led Dow through spin-out from DowDuPont and macroeconomic challenges since 2018.
- Dow reported $40 billion in sales for 2025, operating in 29 countries with 34,600 employees.
The big picture
Dow's leadership transition reflects a multi-year succession plan aimed at ensuring continuity amid industry shifts towards sustainability and circular economy solutions. The move underscores the company's focus on maintaining its position as a leader in materials science, particularly in high-growth markets like packaging and specialty plastics. With $40 billion in annual revenue, the strategic handover is critical for sustaining Dow's competitive edge and long-term value creation.
What we're watching
- Strategic Continuity
- How Karen Carter will maintain Dow's focus on higher-growth, consumer demand-led markets while advancing sustainability ambitions.
- Operational Execution
- Whether Carter can sustain the operational performance improvements achieved under Fitterling's leadership.
- Market Positioning
- The pace at which Dow can solidify its leadership in packaging, infrastructure, and mobility markets under new leadership.
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