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1 ™ Living. Improved daily.. 2 Agenda u About Dow u Our Mission, Objectives and Strategic Direction u Our Finance Organization u Careers in Dow/Dow AgroSciences.

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Presentation on theme: "1 ™ Living. Improved daily.. 2 Agenda u About Dow u Our Mission, Objectives and Strategic Direction u Our Finance Organization u Careers in Dow/Dow AgroSciences."— Presentation transcript:

1 1 ™ Living. Improved daily.

2 2 Agenda u About Dow u Our Mission, Objectives and Strategic Direction u Our Finance Organization u Careers in Dow/Dow AgroSciences Finance

3 3 About The Company u Founded in 1897 by Herbert H. Dow in Midland, Michigan u Produced first product for fruits and flowers, giving rise to the agricultural chemicals division in 1906 u Expanded internationally with the organization of Dow Chemical Canada LTD. in 1942 u Established Asahi-Dow, Ltd., Dow’s first overseas subsidiary in 1952 u Opened offices in Europe and Mexico in 1957 u Sales outside the U.S. accounted for 25% in 1966 u Completed merger with Union Carbide Corp. Feb 2001

4 4 Dow Today u Dow is a leading science and technology company that provides innovative chemical, plastic and agricultural products and services to many essential consumer markets l Annual sales of approximately $30 billion l Invest $1 billion in R&D/year l >50,000 employees around the world l 171 manufacturing sites in 35 countries l Serve customers in >170 countries u Ranked #50 on 2001 Fortune 500 (following merger with Union Carbide) u Largest chemical company in the world

5 5 * Excluding Oil & Gas and PharmaceuticalsSource: Company Reports Global Chemical Industry Top 10 Chemical Producers 2000 Chemical Sales

6 6 2000 Sales by Geographic Area (in millions) $12,787 $8,005 $8,742

7 7 THE DOW CHEMICAL COMPANY Geographic Areas Midland, Michigan NORTH AMERICA LATIN AMERICA Sao Paulo, Brazil Hong Kong Horgen, Switzerland PACIFIC EUROPE 171 Mfg Sites / 50,000 Employees in 35 Countries serving Customers in >170 Countries ■ Area Headquarters

8 8 Dow’s Operating Segments

9

10 10 Our Mission, Objectives and Strategic Direction

11 11 The Dow Chemical Company To constantly improve what is essential to human progress by mastering science and technology Fundamental to our success are the Values we believe in and practice. People are the source of our success. We treat one another with respect, promote teamwork, and encourage personal freedom and growth. Leadership and excellence in performance are sought and rewarded. Customers are the reason we exist. They receive our strongest commitment to meet their needs. Our Products and Services reflect dedication to quality, innovation and value. Our Conduct demonstrates integrity and commitment to ethics, safety, health and the environment. To be the best at applying chemistry to benefit customers, employees, shareholders and society Vision Mission Implementation Values CompetitiveStandard Value Growth Culture Productivity Strategic Objectives Performance Objectives Maximize shareholder value of a growing portfolio of science-related businesses

12 12 Dow’s Objective To be the most productive, best value growth chemical company in the world...

13 13 Transformation u Phase I - Complete u Phase II - Implementing

14 14 Transformation (continued) Phase I: 1993-1999 u Objectives: l World competitive l More consistent earnings l Improved financial performance across cycle l Financial flexibility l Positioned for growth u Achieved: l Low cost/world leadership positions l Stronger portfolio l Economic profit at trough pricing l 4% ROC spread since 1995 l Positioned for growth… Ready for Phase II

15 15 Transformation (continued) Phase II u Accelerate growth in revenue, earnings and value u Three critical initiatives: l Six Sigma l Diversity l Value growth through new business development and acquisitions

16 16 Our Finance Organization

17 17 Dow Chemical Finance Organization Insurance Companies Insurance Companies Portfolio Investments Portfolio Investments Tax M&A Controllers Investor Relations Investor Relations Executive Vice President and CFO Executive Vice President and CFO Auditing Treasury Strategic Planning & Business Analysis Finance Directors

18 18 Dow / DAS Believes in and Supports: u Continuous Learning u Career and Leadership Development u Work / Family Balance u Pay for Performance

19 19 Dow / DAS offers a Competitive Total Compensation Package u Total compensation includes: l Base pay, variable pay, benefits, pension u Salaried Employee Savings Plan (401K) with Company match u Generous Vacation Policy u Health & Fitness Programs u Educational Assistance Programs u Stock Purchase Plan u Relocation Policy

20 20 Additionally, we offer... u Comprehensive training to broaden skills and horizon u Formal mentoring program u Multi-dimensional / customized career paths l Technical l People management l Multi-function finance organization l Business analysis u Global job opportunities u New hire job rotation programs

21 21 New Hire Job Rotation Programs Business Controllers, Cost, Auditing, Treasury, Corporate Reporting, Corporate Controllers, Operations, Tax, Strategic Planning, Risk Management Business Controllers, Cost, Auditing, Treasury, Corporate Reporting, Corporate Controllers, Operations, Tax, Strategic Planning, Risk Management Ongoing Opportunities 3 Assignments Accounting ( 5 - 8 years) MBA (3 years) Training Mentoring

22 22 Careers in Finance u Highly competitive with careers in Public Accounting and other industries u Opportunity to reach top financial jobs l VP & Controller l Corporate Auditor l Accounting Director l Systems and Process Controller l Support Services Controller l Business Finance Director l Corporate Reporting Controller

23 23 What Skill Sets are Important? u Strong technical knowledge u Initiative u Leadership potential u Innovative u Interpersonally effective u Team player u Analytic capability u Internationally effective u Solid technology background

24 24 Why Dow / DAS? u Chance to contribute from day one u Can experience varied and diverse jobs through rotational assignments and the use of Dow / DAS deployment system u Ability to develop your career based on your personal interests and skills u Be part of a diverse team that is united by our focus on a common business strategy and a commitment to excellence and innovation!

25 25 2001/2002 Hiring Targets - Dow Chemical North America u Full Time l 7-14 Bachelor or Master degreed accountants per year l 6 - 12 MBA degreed candidates per year u Internships

26 26 Also visit us... u Oct 9 - Campus Interviews for Full- Time Positions u Nov 28 - Accounting Roundtables u Dec 5 - Campus Interviews for Summer Internship Positions

27 27 For further information... VISIT OUR WEBSITES www.dow.com www.dowagro.com www.careersatdow.com

28 28 ™ Living. Improved daily.


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