Chief Financial Officer Steve Bramlage to leave O-I; John Haudrich named acting CFO
March 19 2015 - 8:08AM
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
Chief Financial Officer Steve Bramlage to leave
O-I
John Haudrich named acting CFO
Perrysburg, Ohio (March 19, 2015) -
Owens-Illinois, Inc. (NYSE: OI) announced today that Senior Vice
President and Chief Financial Officer Steve Bramlage will leave O-I
to pursue another opportunity, effective March 31, 2015.
Until an internal and external executive search
can be completed, John Haudrich, vice president, finance and
corporate controller, will assume the responsibilities of the chief
financial officer.
"It is natural for opportunities outside the
company to arise for our many competent leaders like Steve," said
Al Stroucken, chairman and CEO. "Although we are sorry to see him
go, he leaves behind a highly capable finance team focused on
financial flexibility. John is a strong and talented leader with
broad experience in corporate finance who can readily assume CFO
responsibilities."
Haudrich has led the global finance operations for
O-I's four business segments and the corporate finance team,
focused on management reporting. He joined O-I in March 2009 as
vice president of investor relations, was named vice president of
finance in 2010 and was appointed vice president, finance and
corporate controller in 2011.
"I am grateful for the opportunities that O-I has
afforded me over the past nine years," said Bramlage. "I am very
proud that our work to dramatically improve the Company's financial
flexibility has allowed O-I to shift capital allocation in favor of
shareholder yield. And I am confident that senior leadership's
focus on enhancing manufacturing capabilities and capitalizing on
commercial opportunities will allow the Company to continue down
that path."
# # #
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 $6.8 billion in 2014 and employs approximately 21,100
people at 75 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 o-i.com.
O-I's Glass Is Life(TM) movement promotes the
widespread benefits of glass packaging in key markets around the
globe. Learn more about the reasons to choose glass and join the
movement at glassislife.com.
O-I Logo
CFO Steve Bramlage to leave O-I - John Haudrich named acting
CFO
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
HUG#1904821
OI Glass (NYSE:OI)
Historical Stock Chart
From Mar 2024 to Apr 2024
OI Glass (NYSE:OI)
Historical Stock Chart
From Apr 2023 to Apr 2024