O-I Vice President of Investor Relations Retires; New Vice President Named

Date: 14 September 2006
Source: Owens-Illinois, Inc.
Owens-Illinois, Inc.(NYSE: OI) today announced that James F. Weber, vice president of investor relations, has elected to retire after nearly 39 years of service. Mr.

Weber will continue serving O-I until December 31 to facilitate the transition to his successor, Paul F. Butts.

Mr. Weber joined O-I in 1968 in the glass container division and held various assignments in the controller's department and corporate planning areas.In 1990, he was named director of management reporting and investor relations. Mr. Weber has been involved in investor relations since the Company returned to being publicly traded in 1991. In 2002, he was named director of investor relations and assistant treasurer and was named to his current position in 2005.

"We would like to thank Jim for the many substantial contributions he has made to the Company during his long career and wish him a long, healthy and happy retirement," said Ed White, O-I senior vice president and chief financial officer. "Jim always showed professionalism and dedication to his job which is why both the financial community and O-I hold him in high regard."

Mr. Butts, vice president of investor relations, began his career with O-I in 1982 as an internal auditor. He has since served in a variety of commercial and operational assignments including sales account manager for the former Plastic Containers group, marketing manager for Healthcare Packaging, and plant manager of the Belvidere, N.J.; Chattanooga, Tenn., and Rossville, Ga., manufacturing facilities. He has also served as business manager for food products in the former Plastic Containers group. In 2004, Mr. Butts served as director of internal audit and led the Company's initial Sarbanes Oxley certification effort. For the past 18 months he has directed the SAP deployment in Europe before recently returning to the Company's headquarters in Toledo.

"We are excited to have Paul join the investor relations team and look
forward to the wealth of experience he will bring to the position. He has a clear understanding of the business overall, from manufacturing to sales and marketing, and finance," said White. "Paul will continue our efforts to improve transparent communication and service to the investment community and all of our constituencies, alike."

Mr. Butts is a certified public accountant and holds a bachelor's degree in accounting from the University of Dayton and an MBA from Boston University.

About O-I

Millions of times a day, O-I glass containers, healthcare packaging and specialty closure systems deliver many of the world's best-known consumer products to people all around the world. With leading positions in Europe, North America, Asia Pacific and Latin America, O-I provides consumer-preferred products that enable superior taste, purity, visual appeal and value benefits for our customers' products. Established in 1903, the company employs nearly 30,000 people and has more than 100 manufacturing facilities in 23 countries. In 2005, annual revenues were $7.2 billion. For more information, visit http://www.o-i.com.

600450 O-I Vice President of Investor Relations Retires; New Vice President Named glassonweb.com
Date: 14 September 2006
Source: Owens-Illinois, Inc.

See more news about:

See more from these topics:

Others also read

Owens-Illinois, Inc. (NYSE: OI), announced today the election of Andres A. Lopez and Joseph J. DeAngelo to its Board of Directors.  
Owens-Illinois (NYSE: OI) announced today the appointment of John Haudrich as Senior Vice President and Chief Strategy and Integration Officer, effective immediately.
Owens-Illinois, Inc. (NYSE: OI) today announced that it has completed the acquisition of the Vitro food and beverage glass container business from Vitro, S.
As part of the joint venture Elme Messer Gaas, Messer, the largest privately owned industrial gases specialist and the second shareholder, the BLRT Grupp, one of the biggest industrial holdings in the Baltic States, have invested around five million euros in a new oxygen production plant in Järvakandi, Estonia.  The facility is on the site of customer Owens-Illinois, Inc., the world's leading manufacturer of container glass.
Owens-Illinois, Inc. (NYSE: OI) today reported financial results for the second quarter ending June 30, 2015.  Second quarter 2015 earnings from continuing operations attributable to the Company were $0.26 per share (diluted).
Vitro, S.A.B. de C.V. (BMV: VITROA), leading glass manufacturer in Mexico, announced that on an Ordinary Shareholders Meeting held today, the Company’s shareholders approved Owens-Illinois, Inc’s. (NYSE: OI) US$2.15 billion offer to acquire 100% of Vitro’s Food and Beverages Glass Containers business assets.   Included in the transaction are five Food and Beverages Glass Container manufacturing plants located in Mexico, the operations in Bolivia and the distribution of such products in the United States.  The value of the offer is on a cash and debt free basis.Not included in this transaction are the assets associated with Vitro’s Cosmetics, Fragrances and Toiletries (“CFT”) segment, the Flat Glass Division (which includes Automotive Glass business and Float Glass for the Construction Market), its equity participation in the Comegua joint venture, in Central America, as well as well as the Company’s Chemical and Machinery and Equipment businesses, with estimated pro forma 2015 consolidated sales of $865 million and EBITDA of $165 million considering the divestiture would have occurred on January first 2015.“We are grateful for the support of our shareholders as we achieve another milestone in our goal to further increase the value of Vitro,” said Adrián Sada Gonzalez, Vitro’s Chairman of the Board. “We look forward to completing the transaction with Owens Illinois, a company that we admire and a leader in the Food and Beverage Glass Containers industry.”Adrián Sada Cueva, CEO of Vitro, commented: "This transaction will further strengthen our Company both operationally and financially.”“Over the past five years we have established a culture of cost controls and increased productivity across the organization while consistently providing high quality products and services to our customers, which have enabled Vitro to achieve CAGR growth of 5.7% in EBITDA between 2009 and 2014.

Add new comment