Senior Vice President, Corporate Development
Torsten Kraef is Senior Vice President of Corporate Development for The Dow Chemical Company, a global material science company with 2016 annual sales of $48 billion.
A member of Dow’s Executive Leadership Council, Kraef holds accountability for Dow’s Corporate Strategy Development, Strategic Planning, New Business Development and Ventures teams. He also supports Dow’s Office of the Chairman and CEO (OCC) in all corporate matters, including engagement with Dow’s Board of Directors.
His executive responsibilities include: the development of Dow’s corporate strategy and coordinating the implementation of key strategic tracks; leadership of the Company’s enterprise risk management and strategic planning cycles; and overseeing the incubation of strategic and innovative new business growth opportunities that align to Dow’s market strategies through collaboration with Dow’s global businesses, the Research & Development organization, and customers to support and accelerate the Company’s corporate strategy.
Kraef joined Dow in Germany in 1991, and his career has spanned across most of Dow’s divisions from Performance Plastics to Performance Materials and Infrastructure and Consumer Solutions. In the last decade, he held a variety of business leadership roles as well as division level functional leadership roles.
In 1995, Kraef transferred from Germany to Dow’s European headquarters in Horgen, Switzerland, and in 2002 he moved to Dow’s corporate headquarters in Midland, Michigan. In 2005/06 he worked with the Office of the Chief Executive to develop Dow’s strategy driving to a higher margin and more market driven portfolio and in 2009/10 was a member of the executive leadership team responsible for delivering the integration of Dow’s acquisition of Rohm and Haas.
From 2007 to 2012, Kraef led various business groups from Dow’s Building and Construction unit to Dow Thermosets, a more than $8B revenue business group consisting of Dow’s Polyurethanes, Epoxy, Formulated Systems and Dow Automotive Systems businesses.
In August, 2013, Kraef was named Corporate Vice President for Strategy Development and new business development. He assumed his current role in December 2016.
Kraef holds a degree in Banking Management from the Industry and Trade Chamber in Düsseldorf, Germany, and a masters/diploma in Business Administration from the University of Düsseldorf, specializing in Sustainable Manufacturing, International Management and Marketing. He serves on the Member’s Committee of Dow AgroSciences as well as on the Board of Directors of Agrofresh Solutions Inc. (NASDAQ: AGFS).