Paul Oreffice, a remarkable figure in both the business and thoroughbred racing worlds, passed away peacefully on December 26, 2024, at the age of 97. Born in Venice, Italy, he immigrated to the United States with limited English skills but went on to achieve significant milestones in his career and personal life. His journey from a chemical engineering graduate to becoming CEO of Dow Chemical Company and an influential horse owner is a testament to his perseverance and dedication. Beyond his professional achievements, Oreffice was deeply involved in various charitable organizations and remained passionate about sports, particularly horse racing.
A Trailblazer in Business and Philanthropy
Oreffice's early years were marked by determination and resilience. Arriving in America with minimal language skills, he pursued higher education at Purdue University, graduating with a degree in chemical engineering. Following a brief military service, he joined Dow Chemical Company, where he held several international positions before becoming CEO in 1978. His leadership extended beyond Dow as he served on numerous corporate boards and chaired prestigious institutions like the American Enterprise Institute and the National Parkinson’s Foundation. His contributions earned him accolades from global chemical organizations and Spain’s highest civilian honor.
Beyond his impressive business acumen, Oreffice was a committed philanthropist. He generously supported causes related to healthcare and education, including MD Anderson Cancer Center and the Parkinson’s Foundation. His involvement in these endeavors reflected his deep commitment to improving lives and fostering innovation. Throughout his career, Oreffice maintained a balanced approach, balancing professional responsibilities with family and personal interests. His legacy in business and philanthropy will undoubtedly inspire future generations.
An Enthusiastic Sportsman and Thoroughbred Owner
Oreffice's passion for sports was evident throughout his life. From playing bridge and tennis to cheering for the Miami Dolphins and Purdue Boilermakers, he found joy in athletic pursuits. However, his most notable contribution was in the world of thoroughbred racing. For over four decades, Oreffice invested in horses, partnering with renowned stables such as Dogwood Stable and Eclipse Thoroughbred Partners. His career highlights included victories in prestigious races like the Preakness Stakes and Belmont Stakes. His dedication to the sport extended to serving on the board of the New York Racing Association and championing charitable initiatives within the industry.
The impact of Oreffice's involvement in thoroughbred racing cannot be overstated. His enthusiasm and generosity left an indelible mark on the community. Friends and colleagues remember him as a gentleman who brought warmth and energy to every endeavor. Hall of Fame trainer Todd Pletcher and Eclipse Thoroughbred Partners’ Aron Wellman fondly recalled his unwavering support and the meaningful influence he had on their lives. Oreffice's passing leaves a void that will be difficult to fill, but his contributions to the sport and society will endure through the memories and achievements he inspired.