Herbert “Ted” Doan passed away last week at the age 83, in Ann Arbor, Michigan. He was the founder of investment firms Doan Associates and Doan Resources Corp.
He also served as president and CEO of Dow Chemical Co., between 1962 and 1971, making him the last Dow family member to run Dow Chemical.
Doan was the grandson of company founder Herbert Dow.
Dow company officials said that Doan was being treated for abdominal problems when he died.
Funeral arrangements are pending.