MarketTed Doan
Company Profile

Ted Doan

Ted Doan was a businessman, philanthropist and the last member of the Dow family that served as president and CEO of the Dow Chemical Company. Doan led the company from 1962-71 and transformed Dow from a firm that made chemicals for other companies into one of the most widely known and one of the world’s largest chemical conglomerates. Doan was a strong supporter of entrepreneurship and was chairman of the Herbert H. and Grace A. Dow Foundation, founded in his grandparents' honor.

Early years
Doan was born in 1922 in Midland, Michigan. He was the youngest of three children of Leland Ira Doan, general sales manager at Dow, and his wife, Ruth Alden Dow, daughter of the founder of Dow, Herbert H. Dow, after whom he was named. He was always called Ted because his grandfather's name was "too much to hang on a kid" Doan recalled. ==Business==
Business
Doan returned to Midland and was hired at Dow just weeks before Willard Dow, his uncle, died in an airplane crash. Ted's father, Leland Doan, was named Dow president. Doan began an open-door policy for employees, placed higher emphasis on research, and held the attitude that their employees were the company's strength. Those policies continued after Doan's departure from Dow. Doan periodically visited the research labs at Dow and was always interested in the work of each employee. Trioka Trioka is Russian term for a wagon pulled by a team of three horses abreast. Doan formed a management trioka at Dow with board chairman Carl Gerstacker responsible for finance and marketing; executive vice-president Ben Branch in charge of international business and manufacturing; Doan managed everything else. They met every other week on Monday mornings. Once each year they would retreat for a week to determine company strategy for the next year and evaluate all 300 senior managers. Upon their return, promotions and personnel changes were effected. Overseas When Dow realized that constructing manufacturing facilities in other countries created demand, they began producing plastics in Germany, Greece, Spain and Italy. The largest investment was in the Netherlands, at Terneuzen. That chemical complex opened in 1965. Plants were also built in South America: Argentina and Colombia plus New Zealand. With extensive operations all around the world, Doan and his managers had a meeting in 1965 where they acknowledged the need to decentralize. They established a headquarters on every continent to manage business. Dow Europe, Dow Latin America and Dow Pacific were established in 1966. Technology centers were also established for 33 key products. ==Retirement==
Retirement
Doan stepped down from Dow in 1971 when global sales had achieved $2 billion when he reached Dow's mandatory retirement age of 65. He founded venture capital firm Doan Associates in 1971, He was co-founder and board member of biotechnology company Neogen Doan continued working on projects until he became ill a few months before he passed. ==Personal==
Personal
Doan married Donalda "Donnie" Lockwood in 1946. The couple had four children: Jeffrey (1947), Christine (1949), Michael (1953) and Ruth (1954). When he took breaks from work, he went to the golf course for fun. He usually won, then enjoyed a coke and hotdog at the clubhouse. After he left Dow, Doan married Anna Junia Cassell in 1975 and the union bore one child: Alexandria (1978). After battling abdominal issues for several months, Doan died May 16, 2006 at UM Medical Center in Ann Arbor, Michigan. He was 83. ==Accolades==
Accolades
Former Dow CEO and chairman Andrew Liveris said, Ted Doan "was a man who understood that the gifts of wealth, position and intellect carried with them responsibilities to others." ==Community involvement==
Community involvement
Doan was an early supporter of Saginaw Valley State University a popular Midland landmark. ==Awards & honors==
Awards & honors
• Honorary Doctor of Laws degree, 1993 University of MichiganAmerican Institute of Chemical Engineers (AIChE) • Cornell University’s Engineering Council, emeritus member • Cornell’s Research Foundation, member • University of Michigan College of Engineering advisory board • Michigan Molecular Institute, chairman • Michigan Venture Capital Task Force, co-chairman • National Science Board member, 1976 to 1982; Chairman 1981-1982 • MITECH+, founder • Dendritech, Inc., board member • ARCH Development Corp., founding member • Michigan High Technology Task Force, president • Office of Technology Assessment, board • Argonne National Laboratories Board of Governors • Herbert H. and Grace A. Dow Foundation, Trustee and Chairman • Herbert Dow Doan Science Building at Saginaw Valley State University ==See also==
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