John Tobin to Succeed Richard Eglen as Vice President and General Manager of Corning Life Sciences
August 22 2019 - 8:00AM
Corning Incorporated (NYSE: GLW) today announced that it has
appointed John M. Tobin IV as vice president and general manager of
Corning Life Sciences. Tobin is succeeding Dr. Richard M. Eglen,
who is retiring from Corning after eight years of distinguished
service.
Tobin, 47, has been division vice president and commercial
director, Corning Pharmaceutical Technologies, since 2016. He
joined Corning in 1994 and has served in leadership roles in
several divisions, including Corning Life Sciences and Corning
Optical Communications.
Tobin, who is based in Massachusetts, received his undergraduate
degree from Lenoir-Rhyne University and his Master of Business
Administration from Boston University. He will replace Eglen, who
joined Corning in 2011 as vice president and general manager of
Corning Life Sciences after several senior executive and technical
leadership roles in the life sciences industry.
“Over the last eight years, Richard has used his considerable
scientific expertise to build and execute a strategy that has
firmly established Corning Life Sciences as an industry leader in
advanced cell culture and bioproduction solutions. We are grateful
for his significant contributions to Corning,” said Eric Musser,
executive vice president, Corning Technologies and International.
“With over 15 years of experience in the Life Sciences industry,
John is assuming leadership as the industry continues to move to
biological drugs and to explore the promise of cell and gene
therapies. He is well positioned to lead the business in its next
phase of growth, developing technologies, and solutions to support
researchers and drug manufacturers in the fight against
disease.”
Additionally, Dr. Keith Olson is named vice president, Business
Operations and Technology, Corning Life Sciences. In this expanded
role, Olson will serve as the company’s life sciences industry
expert, continuing the extensive program of external outreach
activities Eglen developed over the last eight years.
Caution Concerning Forward-Looking Statements
This press release contains “forward-looking statements” (within
the meaning of the Private Securities Litigation Reform Act of
1995), which are based on current expectations and assumptions
about Corning’s financial results and business operations, that
involve substantial risks and uncertainties that could cause actual
results to differ materially. These risks and uncertainties
include: the effects of acquisitions, dispositions and other
similar transactions by the Company, the effect of global business,
financial, economic and political conditions; tariffs and import
duties; currency fluctuations between the U.S. dollar and other
currencies, primarily the Japanese yen, New Taiwan dollar, euro,
Chinese yuan, and South Korean won; product demand and industry
capacity; competitive products and pricing; availability and costs
of critical components and materials; new product development and
commercialization; order activity and demand from major customers;
the amount and timing of our cash flows and earnings and other
conditions, which may affect our ability to pay our quarterly
dividend at the planned level or to repurchase shares at planned
levels; possible disruption in commercial activities due to
terrorist activity, cyber-attack, armed conflict, political or
financial instability, natural disasters, or major health concerns;
unanticipated disruption to equipment, facilities, IT systems or
operations; effect of regulatory and legal developments; ability to
pace capital spending to anticipated levels of customer demand;
rate of technology change; ability to enforce patents and protect
intellectual property and trade secrets; adverse litigation;
product and components performance issues; retention of key
personnel; customer ability, most notably in the Display
Technologies segment, to maintain profitable operations and obtain
financing to fund their ongoing operations and manufacturing
expansions and pay their receivables when due; loss of significant
customers; changes in tax laws and regulations including the Tax
Cuts and Jobs Act of 2017; and the potential impact of legislation,
government regulations, and other government action and
investigations.
For a complete listing of risks and other factors, please
reference the risk factors and forward-looking statements described
in our annual reports on Form 10-K and quarterly reports on Form
10-Q. Forward-looking statements speak only as of the day that they
are made, and Corning undertakes no obligation to update them in
light of new information or future events.
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provided by the SEC regarding the use of company websites and
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Incorporated (“Corning”) wishes to notify investors, media, and
other interested parties that it uses its website
(http://www.corning.com/worldwide/en/about-us/news-events.html) to
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interested parties to review the information Corning may publish
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in addition to the company’s SEC filings, press releases,
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About Corning IncorporatedCorning
(www.corning.com) is one of the world's leading innovators in
materials science, with a more than 165-year track record of
life-changing inventions. Corning applies its unparalleled
expertise in glass science, ceramic science, and optical physics
along with its deep manufacturing and engineering capabilities to
develop category-defining products that transform industries and
enhance people's lives. Corning succeeds through sustained
investment in RD&E, a unique combination of material and
process innovation, and deep, trust-based relationships with
customers who are global leaders in their industries.
Corning's capabilities are versatile and synergistic, which
allows the company to evolve to meet changing market needs, while
also helping our customers capture new opportunities in dynamic
industries. Today, Corning's markets include optical
communications, mobile consumer electronics, display technology,
automotive, and life sciences vessels. Corning's industry-leading
products include damage-resistant cover glass for mobile devices;
precision glass for advanced displays; optical fiber, wireless
technologies, and connectivity solutions for state-of-the-art
communications networks; trusted products to accelerate drug
discovery and delivery; and clean-air technologies for cars and
trucks.
Media Relations
Contact: Joanna Allen(44)
1494-533041
allenjm@corning.com
Investor Relations Contact: Ann H.S.
Nicholson(607) 974-6716nicholsoas@corning.com
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