Dow VP Wells Elected to Board of Alliance to Save Energy, Whirlpool’s Thieneman Assumes New Post of First Vice-Chair

Washington, D.C., May 2007 – Rich Wells, The Dow Chemical Company’s new vice president for energy, has been elected to a three-year term on the Alliance to Save Energy’s Board of Directors. In addition, long-time Board member Michael D. Thieneman of Whirlpool Corporation will fill the newly-created position of first vice-chair. That appointment puts Thieneman in line to become the Alliance Board’s industry co-chair in January 2009, succeeding Duke Energy President and CEO James E. Rogers.

As Dow’s vice president of energy, Wells has responsibility for the company’s entire energy portfolio, including activities related to power, natural gas, steam, and industrial gases. In addition, Wells has a lead position in the management of Dow’s position and global advocacy activities in the areas of climate change and energy policy.

“The Dow Chemical Company’s commitment to energy efficiency has been exemplified over the years by its dramatic global reduction in energy intensity, a new 10-year energy demand-reduction goal, and participation in the U.S. Department of Energy’s Save Energy Now effort – not to mention the company’s active participation, since 2005, in the Alliance to Save Energy Associates Program,” noted Alliance Chair Sen. Mark Pryor (D-Ark.). “The Alliance recognized Dow’s commitment last September by designating the company a ‘Star of Energy Efficiency,’” Pryor added.

“Now, Dow is further reinforcing and strengthening its commitment to energy efficiency by agreeing to have Rich Wells serve on the Alliance Board as a director. I welcome him and look forward to benefiting from his expertise,” Pryor said.

“I am both thrilled and honored to be elected to the Alliance Board,” said Wells. “Becoming a key partner in this organization will ensure that Dow will continue to participate in and contribute to championing energy efficiency and the solutions it provides to the issues of energy supply/security and climate change.”

Thieneman, an Alliance Board member since 2001, is executive vice president and chief technology officer at Whirlpool, which he joined in 1977 as a project engineer. He held several international positions with the company before being named executive vice president in 1997.

“Whirlpool Corporation and the Alliance to Save Energy have in the past, and will continue in the future, to partner in addressing their shared passion for pursuing innovative policy and product solutions to our nation’s energy challenges,” Thieneman said. “All of us at Whirlpool Corporation are proud to be a part of delivering the best energy-efficient appliances that we can to our consumers. It has been a privilege and an honor, as well as a learning experience, for us to be partnered with the Alliance, and we look forward to the work and challenge ahead in this ever more critical area of energy efficiency.”

“As someone whose devotion to the cause of energy efficiency is beyond question – as is that of the company he works for – Mike Thieneman is the ideal person to fill the new post of first vice-chair of the Alliance Board of Directors,” said Alliance Co-Chair Rogers. “In essence, this makes him my ‘second in command,’ and I intend to draw on his wellspring of knowledge as we serve together on the Board in the coming months. I am confident that with Mike filling this new position, there will be an orderly succession when my term ends in December 2008.”

“The Alliance to Save Energy is fortunate to have board members – both new and of long-standing – who are truly engaged in furthering energy efficiency, not only by generously donating their time to serve on the Alliance Board, but also in their day-to-day work,” said Alliance President Kateri Callahan. “On behalf of the entire Board, as well as the Alliance staff, I welcome our newest Board member, Dow’s Rich Wells, and I sincerely thank him and Whirlpool’s Mike Thieneman for their upcoming service.”