Guardie Banister Jr., a member of the Executive Leadership Council (ELC), has been elected to Dow’s (No. 22 on the Diversityinc 2020 Top 50 Companies for Diversity list) board of directors.
Banister served as the president and CEO of Aera Energy L.L.C., an oil and gas company jointly owned by Shell and ExxonMobil, until his retirement in 2015. He’s also served on the Tyson Foods, Inc. board as their Lead Independent Director and Chairman of the Compensation and Leadership Development Committee and on the boards of the Marathon Oil Company and Bristow Group.
According to Dow’s news release, Banister was chosen for the board because of his background in leadership, strategic planning, and risk management as well as his experience on corporate boards. He will be serving on Dow’s Environmental, Health, Safety and Technology and Compensation and Leadership Development committees.
“Throughout his 35 years of executive management and oversight responsibilities, Gaurdie has distinguished himself as an international business leader and a catalyst for value creation,” Jim Fitterling, Dow chairman and CEO, said in the statement. “We look forward to benefiting from his wealth of knowledge and expertise.”
Banister is a trustee of the South Dakota School of Mines and Technology Foundation and of American University in Washington, D.C. He has also served as trustee of the Harwood Institute for Public Innovation and The First Tee of Greater Houston. He holds a bachelor’s degree in metallurgical engineering from the South Dakota School of Mines and Technology, and in 2007, he was granted an honorary doctorate degree from the university. He also holds an honorary doctorate degree from Fort Valley State University in Georgia.
Dow’s board is in the top quartile for ethnic diversity among other companies in its industry. The company also works to ensure its board is a mix of new and experienced members, with more than half having joined in the past five years.