Owens-Illinois, Inc.: O-I Announces Two New Board Members and New Independent Chairman
May 26 2016 - 4:14PM
For more information, contact:
Kristin Kelley
Vice President, Global and Corporate Communications
567-336-2395
kristin.kelley@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.
##
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O-I Announces Two New Board Members and New Independent
Chairman
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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