Owens-Illinois, Inc.: O-I Announces Two New Board Members and New Independent Chairman
(Thomson Reuters ONE) -
For more information, contact:
Kristin Kelley
Vice President, Global and Corporate Communications
567-336-2395
kristin.kelley(at)o-i.com
FOR IMMEDIATE RELEASE
O-I Announces Two New Board Members and New Independent Chairman
PERRYSBURG, Ohio (May 26, 2016) - Owens-Illinois, Inc. (NYSE: OI), announced
today the election of Andres A. Lopez and Joseph J. DeAngelo to its Board of
Directors.
Lopez, a 30-year veteran of O-I, has been serving as the company's Chief
Executive Officer since January 2016. Since joining the company's Colombia
office in 1986, Lopez has held increasingly senior positions, including Country
General Manager in Peru; Vice President of Manufacturing for O-I North America;
Global Vice President of Manufacturing and Engineering; President of O-I South
America; President of O-I Americas; and, most recently, Chief Operating Officer.
DeAngelo is the Chairman, President and Chief Executive Officer of HD Supply
Holdings, Inc., one of the largest industrial distributors in North America.
Previously, DeAngelo served as Chief Operating Officer of The Home Depot, Inc.,
and held leadership roles at Stanley Black & Decker, Inc., and General Electric
Company.
Former Board Members Thomas L. Young, who reached the mandatory retirement age
for Board Members, and Albert P.L. Stroucken, who retired as CEO and President
at the end of 2015, did not stand for reelection.
"On behalf of the Board of Directors and our management team, I want to thank
Tom and Al for their leadership, effort and support throughout their tenure on
the Board. We greatly appreciate their many years of dedication and strong
partnership," said Lopez. "We also look forward to working with Joe, a proven
leader who brings impressive business and industry experience that is highly
relevant to O-I's future plans and opportunities."
The company also announced today the appointment of Carol A. Williams as
Chairman of the Board, effective immediately. Williams takes on this new role
following the expiration of the Board term of Stroucken, who continued to serve
as Executive Chairman following his retirement as CEO.
Before retiring in 2015, Williams enjoyed a 34 year career at Dow Chemical,
holding a number of increasingly significant positions in Research and
Development and Operations before serving as the Executive Vice President of
Manufacturing and Engineering, Supply Chain and Environmental, Health and Safety
Operations. She most recently served as the Special Advisor to the Chief
Executive Officer of Dow. Williams holds a bachelor's degree in chemical
engineering from Carnegie Mellon University and serves on the university's Board
of Trustees. She has been a member of O-I's Board of Directors since February
2014, serving on the Compensation and Risk Oversight committees.
"Carol has made significant contributions to our Board over the last two years,
including her active engagement in helping set the company's future direction.
Her extensive experience in successful transformations will continue to serve O-
I well as we execute the plan recently shared at our Investor Day," said Lopez.
"I look forward to working with her in her new capacity as our Board Chair."
About O-I
Owens-Illinois, Inc. (NYSE: OI) is the world's largest glass container
manufacturer and preferred partner for many of the world's leading food and
beverage brands. The Company had revenues of $6.2 billion in 2015 and employs
27,000 people at 80 plants in 23 countries. With global headquarters in
Perrysburg, Ohio, O-I delivers safe, sustainable, pure, iconic, brand-building
glass packaging to a growing global marketplace. For more information, visit o-
i.com.
##
O-I Logo:
http://hugin.info/150659/R/2016014/747601.jpg
O-I Announces Two New Board Members and New Independent Chairman:
http://hugin.info/150659/R/2016014/747602.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Owens-Illinois, Inc. via GlobeNewswire
[HUG#2016014]
Unternehmensinformation / Kurzprofil:
Datum: 26.05.2016 - 22:14 Uhr
Sprache: Deutsch
News-ID 474038
Anzahl Zeichen: 4913
contact information:
Town:
Perrysburg, OH
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 205 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Owens-Illinois, Inc.: O-I Announces Two New Board Members and New Independent Chairman"
steht unter der journalistisch-redaktionellen Verantwortung von
Owens-Illinois, Inc. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
