New Dow CEO drives ‘transformation’ back to profitability amid oil market upheaval

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  "detected_at": "2026-07-30T07:09:00+00:00",
  "company": {
    "name": "Dow",
    "domain": "dow.com"
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  "data": {
    "url": "https://fortune.com/2026/07/30/new-ceo-dow-transformation-oil-upheaval/",
    "title": "New Dow CEO drives ‘transformation’ back to profitability amid oil market upheaval",
    "author": "Jordan Blum",
    "contact": "Jim Fitterling",
    "excerpt": "More than 30 years after joining Dow Inc. as an intern, Karen Carter became the CEO this year, taking the helm of a company grappling with financial losses, a corporate restructuring, thousands of layoffs, and the shuttering of some European plants. Not that she hadn’t signed up for it. Carter took over the CEO role July 1 after helping create and implement the “transform to outperform” strategy announced in January. “There’s a saying that it’s a blessing to be stressed by the thing you prayed for and hoped for,” Carter told Fortune . “This is really a privilege and an honor to be leading this company in such a time of change.” That change includes Carter representing both the first woman and the first Black CEO for the nearly 130-year-old manufacturer, which is the largest chemicals company in the Americas. Last week, as Carter presided over her first earnings report as CEO, she delivered more change. Coupled with a boost to North American petrochemical profit margins from the Iran war and resulting high oil prices , Dow posted its most profitable quarter last week in four years, reporting a net income of $802 million and a 20% jump in net sales. “It’s been a long time since we posted a quarter like this,” Carter said. “We anticipate that we’ll continue to be in a bit of a volatile environment. But we remain committed to what we said we were going to do, which is execute on...",
    "summary": "Jim Fitterling stepped down as CEO of Dow Inc. but remained as executive chairman.",
    "planning": false,
    "image_url": "https://fortune.com/img-assets/wp-content/uploads/2026/04/DOW_Karen_S_Carter_CEO.jpg?resize=1200,600",
    "job_title": "CEO",
    "confidence": 0.9,
    "published_at": "2026-07-30T07:09:00Z",
    "job_title_tags": [
      "directors"
    ],
    "article_sentence": "Former CEO Jim Fitterling stepped down, but remained executive chairman, elevating Carter to the chief executive role."
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