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4-Traders Homepage  >  Equities  >  Nyse  >  Owens Corning    OC

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Owens Corning : Former Owens Corning CEO dies at age 91

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02/28/2017 | 05:04am CET

Feb. 28--William W. "Bill" Boeschenstein, the former chairman and chief executive officer of Owens Corning, has died, the company announced today.

He was 91.

Mr. Boeschenstein, the son of Owens Corning's first chief executive officer, Harold Boeschenstein, served as chief executive officer from 1973 to 1990 and as chairman from 1981 to 1990. He had joined the company in 1950.

He died in Florida Saturday, a company spokesman said.

Combined with his father's leadership, the two Boeschensteins led the company for more than five decades.

The younger Boeschenstein is known for leading the organization during a hostile takeover attempt that began in 1986. It resulted in Owens remaining as an independent company.

During his tenure, Owens Corning changed the roofing industry to switch to fiber glass-reinforced shingles and the company adopted its pink cartoon panther to serve as its iconic ambassador.

"Bill's strong values and commitment to integrity created a culture that is still thriving today at Owens Corning," said Mike Thaman, Owens Corning chairman and chief executive officer, in a written statement. "As a former colleague and personal friend, Bill will be missed for his contributions to the company, and for his generous support to our community."

Mr. Boeschenstein graduated from Yale University and served in the U.S. Army Air Force during World War II, according to the company.

The elder Mr. Boeschenstein died in 1972.

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William Boeschenstein, William W. "Bill" Boeschenstein, owens corning

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(c)2017 The Blade (Toledo, Ohio)

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Financials ($)
Sales 2017 5 813 M
EBIT 2017 747 M
Net income 2017 433 M
Debt 2017 1 674 M
Yield 2017 1,29%
P/E ratio 2017 15,35
P/E ratio 2018 13,77
EV / Sales 2017 1,42x
EV / Sales 2018 1,30x
Capitalization 6 574 M
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Mean consensus HOLD
Number of Analysts 23
Average target price 58,8 $
Spread / Average Target 0,53%
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Managers
NameTitle
Michael H. Thaman Chairman, President & Chief Executive Officer
Michael C. McMurray Chief Financial Officer & Senior Vice President
Steven Zerby Chief Information Officer & Vice President
James J. McMonagle Independent Director
W. Howard Morris Independent Director
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