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Press release from Business Wire

Robert D. Hansen Named CEO of Dow Corning Corporation; Stephanie A. Burns to Remain Chairman

Tuesday, May 03, 2011

Robert D. Hansen Named CEO of Dow Corning Corporation; Stephanie A. Burns to Remain Chairman08:21 EDT Tuesday, May 03, 2011 MIDLAND, Mich. (Business Wire) -- Dow Corning Corporation's board of directors elected Robert D. Hansen, CEO of Dow Corning, effective immediately. Stephanie A. Burns, Ph.D., remains chairman. 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. Robert D. Hansen, president and CEO of Dow Corning Corporation. (Photo: Business Wire) “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.” “As chairman, I will remain deeply engaged providing counsel and advice on the company's business strategy, as well as support to Bob as he transitions into his new role and I prepare for retirement,” added Burns. “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. Across the globe, with employees far and wide, she has reignited our passion for innovation. We are well down the path to achieving our vision because of her leadership. 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. Hansen was named vice president and general manager of the Core Products Business in 2005, and was subsequently promoted to executive vice president. A graduate of Valparaiso University, with a bachelor of science degree in business administration, Hansen now serves on the university's board of directors. He is also actively involved in the community serving on the board of directors for Junior Achievement of Central Michigan and Midland County United Way. He was the chair of Midland's 2010 United Way campaign. Hansen is a native of Midland, where he and his wife, Kathy, now reside. They have two grown children and one grandchild. Additional quotes from Stephanie Burns: “As Bob assumes the role of CEO, in addition to ensuring the company's continued success, I will be able to devote more time to issues that I am passionate about including actively promoting the use of solar and renewable energy in the US and across the globe and, advocating for continued support of math and science education.” “My husband, Gary, and I joined Dow Corning together 28 years ago. Both of us have had careers greater than we ever imagined. Our careers have kept us extremely busy. We are looking forward to spending more time together, with our grandchildren and to travel, and to broadly share our passion for math and science education.” “It's been my privilege to lead this company in the past decade. We've reignited our passion for innovation, we're making great strides in our commitment to be truly sustainable and, we're growing. Since 2003 our sales have grown 2.3 times and profits grew 6.1 times. There will always be challenges ahead but I could not be happier, or more proud, of the accomplishments of my team and our employees.” “Bob Hansen has been a member of Dow Corning's executive leadership team for many years. We have worked together closely in that time, and in fact, for most of our careers. I have the greatest confidence in him to lead this company and ensure that the commitment to sustainable innovation and continued growth remains strong.” About Dow Corning Dow Corning (www.dowcorning.com) provides performance-enhancing solutions to serve the diverse needs of more than 25,000 customers worldwide. A global leader in silicones, silicon-based technology and innovation, Dow Corning offers more than 7,000 products and services via the company's Dow Corning® and XIAMETER® brands. Dow Corning is equally owned by The Dow Chemical Company (NYSE: DOW) and Corning, Incorporated (NYSE: GLW). More than half of Dow Corning's annual sales are outside the United States. Follow Dow Corning on Twitter: www.Twitter.com/dowcorning Visit Dow Corning's YouTube channel: www.YouTube.com/dowcorningcorp Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6705465&lang=en Dow CorningJarrod Erpelding, 989.496.1582Jarrod.Erpelding@dowcorning.com