Retiring Dow chairman's donation to fund center for sustainable future
Illustration courtesy of Lyons and m3architecture
One of Australia's most senior international business leaders has donated $13.5 million to help build a Brisbane university research facility to develop budding leaders of a global sustainable future.
Andrew Liveris will retire as chairman of DowDuPont in July and said he and his wife wanted to invest in the future by funding a center at the University of Queensland, to be called the Liveris Academy, reports ABC Australia.
Liveris, a UQ chemical engineering graduate, said the center would aim to attract, support and develop some of the world's "smartest young people and finest minds in engineering and science while addressing major challenges facing society today."
During his 40-year career with Dow and then DowDuPont, Liveris guided the company through often turbulent times, including the global financial crisis when bankruptcy loomed at one point. Last year, he oversaw the multi-billion-dollar merger between Dow Chemical and DuPont, the two largest chemical companies in the United States.
The Liveris Academy will seek to identify students of all ages across the world who show promise as future leaders and are passionate about addressing sustainability issues such as clean energy, clean water and food security in the face of climate change.
Australian students will be offered scholarship opportunities.
The new program will be housed in the Andrew N. Liveris building, an 11-story engineering and research hub to be constructed within UQ's faculty of engineering, architecture and information technology.
Liveris said he planned to return to Australia to help business and government develop sustainable solutions together. He has promised to raise an extra $26.5 million to boost UQ's philanthropic campaign by a total of $40 million.
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