Dow Corning names new CFO

17-Dec-2002

Joseph D. (Don) Sheets, 42, currently general manager of Dow Corning's Xiameter(TM) business, will become chief financial officer March 31, 2003. He will succeed Gifford E. Brown, 56, who, after 34 years, is retiring at that time. The Dow Corning Board of Directors is expected to elect Sheets to his new position at its February meeting.

"Having just provided great leadership and guidance to the development and successful launch of Xiameter this year, we look forward to Don providing the same skills to the Finance function, building on the benefits of his past experiences in financial and business roles," Dow Corning president and CEO Gary E. Anderson said.

K. Michael Lanham, 42, currently global commercial director for Xiameter will be named executive director of Xiameter. Lanham's current position will not be replaced. He will continue to report to Sheets.

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