DowDuPont Inc. (DWDP) — The longtime chief executive of Dow Chemical is stepping down. Andrew Liveris announced two years ago he'd retire by mid-2017, but that was delayed until the company named a successor to head its materials-science division. The company said Liveris, 63, and a native of Australia, will give up his executive chairmanship in April, and his role as director in July, when he officially retires. Jeff Fettig, a longtime independent director, will become executive chairman. Jim Fitterling will lead the materials-science company, to be created during a planned breakup next year. DowDuPont will break itself into three distinct companies, one focusing on agriculture, one on material science and one on specialty products. The company's stocks closed Monday at $71.34, down 89 cents.
The Goldman Sachs Group Inc. (GS) — The Wall Street firm said Harvey Schwartz, its co-chief operating officer, will retire next month, clearing the way for David Solomon to eventually become the next chief executive. Both had been considered likely successors to Lloyd Blankfein, the current CEO. The Wall Street Journal reported last week that Blankfein was considering retiring at the end of this year. Goldman made no mention of Blankfein's future plans in its announcement.Shares were $273.38, up $2.61.