CEO of DOW ousted. (News Brief).(Michael Parker)(Brief Article)

Dow Chemical has ousted CEO Michael Parker and replaced him with his predecessor William Stavropoulos. This decision comes after a very disappointing financial performance, as Dow missed its numbers for eight consecutive quarters. Parker took over in November 2000, when Stavropoulos stood down to become chairman. Parker's term as CEO has coincided with one of the biggest downturns in performance in the chemicals sector for …