Corning Incorporated : 2012-07-19 - Clark Kinlin Named Head of Corning’s Telecommunications Group
07/19/2012| 06:28pm US/Eastern
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CORNING, N.Y., July 19, 2012- Corning
Incorporated (NYSE: GLW) today announced that
its
Board of Directors has elected
Clark S. Kinlin to the position of executive vice
president, Corning Telecommunications business group,
effective Aug. 1, 2012. The group comprises Corning
Optical Fiber and Corning
Cable Systems.
Kinlin, 52, will report to
Wendell P. Weeks, chairman, chief executive officer, and
president of Corning Incorporated. Kinlin will continue the
day-to-day management responsibility for Corning Cable
Systems. He was appointed president and chief operating
officer of the cable division in April 2008.
Kinlin joined Corning in 1981 and has worked in a variety of
businesses, including Corning Consumer Products and Corning
International. Based in China for several years, Kinlin led
the growth of Corning's business in China and established a
strong corporate operating platform. He also led the
commercial entry of the telecommunications business into
Japan and China. He received his undergraduate degree from
Kenyon College and received a Master of Business
Administration degree from Harvard University.
Corning's board also elected Stephen P. Miller, 43, as vice
president and general manager, Corning Optical Fiber and
Cable, reporting to Kinlin. The role is effective Aug. 1,
2012. Most recently, Miller served as senior vice president
and chief financial officer for Corning Cable Systems. He
joined Corning in 1995 and has held several roles in finance
across a number of business organizations. He spent several
years in Japan as the Display
Technologies division controller. He has a
bachelor's degree in accounting from SUNY College at
Fredonia.
Corning's new telecommunications business group addresses a
global need for an integrated go-to-market strategy in
emerging markets; an opportunity to capture significant
operating synergies, and scale and optimization of
manufacturing and technology assets.
Forward-Looking and Cautionary 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 effect
of global political, economic and business conditions;
conditions in the financial and credit markets; currency
fluctuations; tax rates; product demand and industry
capacity; competition; reliance on a concentrated customer
base; manufacturing efficiencies; cost reductions;
availability of critical components and materials; new
product commercialization; pricing fluctuations and changes
in the mix of sales between premium and non-premium products;
new plant start-up or restructuring costs; possible
disruption in commercial activities due to terrorist
activity, armed conflict, political or financial instability,
natural disasters, adverse weather conditions, or major
health concerns; adequacy of insurance; equity company
activities; acquisition and divestiture activities; the level
of excess or obsolete inventory; the rate of technology
change; the ability to enforce patents; product and
components performance issues; retention of key personnel;
stock price fluctuations; and adverse litigation or
regulatory developments. These and other risk factors are
detailed in Corning's filings with the Securities and
Exchange Commission. 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.
About Corning Incorporated
Corning Incorporated (www.corning.com) is the world
leader in specialty glass and ceramics. Drawing on more than
160 years of materials science and process engineering
knowledge, Corning creates and makes keystone components that
enable high-technology systems for consumer electronics,
mobile emissions control, telecommunications and life
sciences. Our products include glass substrates for LCD
televisions, computer monitors and laptops; ceramic
substrates and filters for mobile emission control systems;
optical fiber, cable, hardware & equipment for
telecommunications networks; optical biosensors for drug
discovery; and other advanced optics and specialty glass
solutions for a number of industries including semiconductor,
aerospace, defense, astronomy, and metrology.
Media Relations Contact:
Daniel F. Collins
(607) 974-4197
collinsdf@corning.com
Investor Relations Contact:
Ann S. Nicholson
(607) 974-6716
nicholsoas@corning.com
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