James R. Fitterling is the CEO of Dow Inc., a significant player in the chemicals industry, and he has been with the company since 1984. His career spans over 30 years with Dow, taking on various leadership roles, including Vice Chairman and Chief Operating Officer. He's known for his strategic role in the DowDuPont merger, which was a massive deal in the chemicals sector. In 2023, Jim's total compensation was $19.8 million, highlighting the company's focus on performance by not awarding a bonus that year. Instead, his earnings mainly came from stock options and grants that align with Dow's long-term goals in sustainability and performance metrics. He believes in focusing on not just profits but also on diversity and sustainability, aiming to lead Dow toward positive change. Under his leadership, the company is looking to maintain its industry lead and drive change that benefits both the business and the community.

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James R. Fitterling

CEO of Dow

Education

Not specified

Field of Expertise

Business & Management - Operations

Sector of Economy

Basic Materials

Born

January 1, 1962 - 63 years ago

CEO of Dow for

7 years 9 months (Jul 2017 - Present)

Previous Experience

Various roles at Dow including Vice President Corporate Development, Executive Vice President and President of Plastics and Hydrocarbons, Executive Vice President and President of Feedstocks & Energy

Rivals

Competitors/colleagues of James R. Fitterling

Sean D. Keohane

CEO of Cabot Corporation

2023 Compensation

Stock

$0.00

Salary

$1.08M

Bonus

$1.05M

Other

$235.25K

Total Holdings

$31.67M

Scott M. Sutton

CEO of Olin

2023 Compensation

Stock

$4.01M

Salary

$1.25M

Bonus

$0.00

Other

$266.70K

Total Holdings

$7.42M

Mark J. Costa

CEO of Eastman Chemical

2022 Compensation

Stock

$1.00

Salary

$1.00

Bonus

$1.00

Other

$1.00

Total Holdings

$45.48M

Tony R. Thene

CEO of Carpenter Technology

2022 Compensation

Stock

$3.79M

Salary

$970.90K

Bonus

$0.00

Other

$154.69K

Total Holdings

$90.72M

Michael McMurray

CEO of LyondellBasell Industries N.V.

2023 Compensation

Stock

$0.00

Salary

$850.00K

Bonus

$1.13M

Other

$102.02K

Total Holdings

$26.24M

Holdings

See how much did James R. Fitterling make over time.

James R. Fitterling's holdings in Dow Inc. reflect his long-term commitment to the company. As of 2023, he was granted approximately 151,830 shares, part of a long-term incentive plan that vests over three years. His options include 227,540 shares with an exercise price set at $59.08. This structure indicates that a significant part of his wealth is tied directly to Dow's stock performance, which aligns his interests with those of the shareholders. In past years, fluctuations in stock value have directly influenced his net worth, especially after major events like the DowDuPont merger. While he has faced years of higher compensation tied to bonuses and stock vesting, since the performance metrics didn’t meet expectations for some recent years, his compensation has seen more conservative adjustments, reflecting the company's current focus on long-term sustainability rather than just immediate financial gains.

Charitable Transactions

DOW

80,857 shares

DOW

Recent Charitable Transactions

DOW

50,135 shares

DOW

Sep 5, 2024

Charity

DOW

14,192 shares

DOW

Sep 15, 2023

Charity

DOW

16,530 shares

DOW

Mar 2, 2022

Charity

DOW

10,000 shares

DOW

Nov 14, 2016

Charity

DOW

12,697 shares

DOW

Dec 31, 2014

Charity

Insider Trading

See recent insider trades of James R. Fitterling.

DOW

$1.06M

DOW at $41.49/share

Dec 12, 2024

Purchase

DOW

50,135 shares

DOW

Sep 5, 2024

Charity

MMM

$195.00K

MMM at $99.63/share

May 14, 2024

Received

DOW

40,380 shares

DOW

Feb 15, 2024

Received

MMM

$41.98K

MMM at $95.98/share

Jan 26, 2024

Received

MMM

$5.00K

MMM at $88.65/share

Dec 22, 2023

Received

MMM

$33.75K

MMM at $88.65/share

Oct 27, 2023

Received

DOW

14,192 shares

DOW

Sep 15, 2023

Charity

MMM

$38.53K

MMM at $111.19/share

Jul 28, 2023

Received

MMM

$185.00K

MMM at $102.34/share

May 9, 2023

Received

Compensation History

See how much did James R. Fitterling make over time.

In 2023, Jim Fitterling's total compensation was over $19.8 million. This included a salary of $1.7 million, but notably, he did not receive any bonuses for the year, which reflects his alignment with the company's performance. His package also involved substantial stock awards valued at about $11.8 million and stock options that vest over three years. This strategy aims to motivate Jim to focus on Dow's long-term success and sustainability. Previous years show more variability, with bonuses awarded based on performance metrics like Operating EBIT and Free Cash Flow. His compensation structure indicates Dow's commitment to linking executive pay directly with the company's overall performance as well as shareholder interests, creating a culture of accountability in leadership.

Year

2023

Total Compensation

$2.50M

Salary

$1.69M

Board Justification

Dow's compensation philosophy aims to attract, motivate, and retain top talent by aligning executive compensation with company performance, peer benchmarking, and retention strategies. The compensation structure is designed to incentivize performance and align with the company's long-term goals.

Bonus

$0.00

Board Justification

No bonus was awarded for 2023.

Other

$812.45K

Board Justification

Includes personal use of company aircraft, company contributions to the Savings Plan and EDP, and financial and tax planning support.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock vested in 2023.

Performance Metrics

Performance metrics include Operating EBIT, Free Cash Flow, and Ambition metrics such as Customer Experience, Sustainability, and Inclusion & Diversity.

Other Dow CEOs

Here are other CEOs of Dow

Andrew N. Liveris

Ex-CEO of Dow

November 2004 - June 2017