Company Nominates Two New Independent Directors and Announces Retirement of Board Chair
Gordon is a seasoned executive who brings over 35 years of leadership and operational expertise, including overseeing transformations at global companies to achieve industry-leading positions. Most recently, he served as President, Food & Ingredients at Bunge Limited, a global agribusiness and food company, where he was responsible for leading the strategic development and global performance of the business.
“Gordon’s appointment as CEO follows a comprehensive search consistent with our long-term succession planning process,” said
“I am honored to take on the role of O-I’s next CEO at this exciting time in the Company’s history,” said Gordon. “I know firsthand that our culture of innovation and the tremendous talent at every level of the organization is what differentiates O-I as an industry leader. Together, with the rest of the Board and O-I management team, I look forward to building on our strong foundation and delivering future value creation for our customers and stockholders.”
“I have worked closely with Gordon from our time together on the O-I Board, and I believe he is the ideal leader to take O-I to the next level," said Andres. “I am extremely proud of what the O-I team has accomplished, from developing breakthrough innovations to advancing new standards in sustainable glass manufacturing and will be celebrating the team's continued successes for years to come."
O-I Announces Changes to the Board
O-I today also announced the nominations of
Eric is an experienced executive having previously served as Chairman, President and Chief Executive Officer of Aramark, a leading global provider of food, facilities and uniform services, until he retired from his roles in 2019. Before then, he served in senior leadership roles across various divisions of PepsiCo, Inc. In addition, he has extensive public company board experience and currently serves on the boards of Primo Water Corporation,
Cheri has significant operating expertise, currently serving as Executive Vice President and Group President at
John said, “As part of our commitment to strong governance practices, including active board refreshment, we are pleased to nominate Eric and Cheri for election to the O-I Board. Eric and Cheri are both proven leaders who each bring extensive experience in areas directly relevant to our business, and we expect their perspectives to be value-additive to the important work underway.”
John added, “It has been an honor to serve as Chair of O-I’s Board and to have contributed to the Company’s transformation into the more capable, resilient, agile and disciplined organization it is today.”
Andres concluded, “On behalf of my fellow directors, I want to thank John for his dedication to O-I, including three years as Board Chair. We have all benefitted from his business transformation and technology expertise, and, on a personal note, it has been a pleasure to both work with and learn from him. We wish him all the best.”
In connection with the changes announced today, following the Annual Meeting, O-I’s Board will continue to comprise ten directors, nine of whom will be independent.
Complete biographies for each of the nominees for the O-I Board will be available in the Company’s definitive proxy statement, which will be filed with the
About O-I
At
Forward-Looking Statements
This press release contains “forward-looking” statements related to O-I within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and Section 27A of the Securities Act of 1933, as amended. Forward-looking statements reflect O-I’s current expectations and projections about future events at the time, and thus involve uncertainty and risk. The words “believe,” “expect,” “anticipate,” “will,” “could,” “would,” “should,” “may,” “plan,” “estimate,” “intend,” “predict,” “potential,” “continue,” and the negatives of these words and other similar expressions generally identify forward-looking statements.
It is possible that O-I’s future financial performance may differ from expectations due to a variety of factors including, but not limited to the following: (1) the general political, economic and competitive conditions in markets and countries where O-I has operations, including uncertainties related to economic and social conditions, trade disputes, disruptions in the supply chain, competitive pricing pressures, inflation or deflation, changes in tax rates and laws, war, civil disturbance or acts of terrorism, natural disasters, public health issues and weather, (2) cost and availability of raw materials, labor, energy and transportation (including impacts related to the current
It is not possible to foresee or identify all such factors. Any forward-looking statements in this document are based on certain assumptions and analyses made by O-I in light of its experience and perception of historical trends, current conditions, expected future developments, and other factors it believes are appropriate in the circumstances. Forward-looking statements are not a guarantee of future performance and actual results or developments may differ materially from expectations. While O-I continually reviews trends and uncertainties affecting O-I’s results of operations and financial condition, O-I does not assume any obligation to update or supplement any particular forward-looking statements contained in this document.
For more information, contact:
567-336-2600
Chris.Manuel@o-i.com
Source:
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