O-I Consolidates Senior Leadership Roles - Andres Lopez named President of Glass Containers and Chief Operating Officer of O-I
December 22 2014 - 7:30AM
FOR IMMEDIATE
RELEASE
For more information,
contact:
David
Johnson
Lisa Babington
Vice President, Investor
Relations
Director, Corporate Communications
Perrysburg, Ohio,
US
Perrysburg, Ohio,
US
567 336
2600
567 336
1445
dave.johnson@o-i.com
lisa.babington@o-i.com
O-I Consolidates Senior Leadership
Roles
Andres Lopez named President of Glass Containers
and Chief Operating Officer of O-I
Perrysburg, Ohio (Dec 22, 2014) - Owens-Illinois,
Inc. (NYSE: OI) announced today that it has named Andres Lopez
president of glass containers and chief operating officer of O-I,
effective February 1, 2015.
In this newly created role, Lopez will oversee
O-I's business and operations in all of the company's geographic
regions. He will be focused on enhancing the performance of the
business to the benefit of O-I customers, employees, investors and
other key stakeholders. His deep knowledge of the glass industry
and his strong commitment to innovation and process improvement
will help advance O-I's capabilities to provide high value-added
products and services to its customers. Lopez's appointment to this
role constitutes the next phase in the ongoing CEO succession
planning process that O-I's Board of Directors has been actively
managing.
Lopez joined O-I in 1986 in Colombia and has held
several leadership positions, including country general manager in
Peru; vice president of manufacturing for O-I North America and
global vice president of manufacturing and engineering. From 2009
to 2014, he served as president of O-I South America. Under Lopez's
leadership, the region achieved substantial cost reduction through
asset optimization and reduced spending, which resulted in
increased segment operating income and cash generation. In addition
to achieving significant organic growth, Lopez and his team
successfully integrated several acquisitions in South America. In
August, he was named president of O-I Americas, adding
responsibility for O-I's North American operations, where he has
launched initiatives to improve safety, operational and commercial
performance, and cost competitiveness.
2
"Andres is an exceptional and creative leader, a
strategist, a strong communicator and developer of talent. He
has a deep understanding of our customers, our technology and our
markets, knowledge that coalesces perfectly in this new position,"
said Al Stroucken, O-I chairman and CEO.
Erik Bouts, president of O-I Europe, will leave
the company, effective January 31, 2015, to pursue other
opportunities.
Leadership succession for the European and North
American businesses will be determined in the near future. In the
interim, Lopez will continue to lead the North American
business.
# # #
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 $7.0 billion in 2013 and employs approximately 22,500
people at 77 plants in 21 countries. With global headquarters in
Perrysburg, Ohio, USA, O-I delivers safe, sustainable, pure,
iconic, brand-building glass packaging to a growing global
marketplace. For more information, visit www.o-i.com.
O-I's Glass Is Life(TM) movement promotes the
widespread benefits of glass packaging in key markets around the
globe. Join us in the #betteringlass conversation at
www.glassislife.com
Dec 2014 O-I Consolidates Senior
Leadership
O-I_63K_RGB
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Owens-Illinois, Inc. via Globenewswire
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