Scott Trumbull, whose retirement was previously announced.
Mr. Young, 59, has served as executive vice president - administration and general counsel since 1993. He has also served as a member of the company's board of directors since 1998. Mr. Young joined the legal department of Owens-Illinois in 1976. He was appointed assistant general counsel - general legal in 1983. In 1988, he was named general counsel of operations and was elected a vice president of the company. He was appointed general counsel and secretary of the company in 1990. The transition of Mr. Young's responsibilities as executive vice president - administration and general counsel will be announced at a later date.
A native of Los Angeles, Mr. Young received a bachelor of arts degree from St. John's College in 1966. He served in the U.S. Army from 1966 to 1969, attaining the rank of first lieutenant. Mr. Young received a doctor of jurisprudence with honors from the University of Notre Dame in 1972. In 1985, he completed the Advanced Management Program at Harvard Business School.
Mr. Young is a member of the board of directors of Manor Care, Inc., where he serves as Chairman of the audit committee, and a member of the compensation and governance committees. He is also a director of the Rocky Mountain Bottle Company and the General Chemical (Soda Ash) Partners. In addition, he is a trustee of the G.M.P. (Glass, Molders, Pottery, Plastics & Allied Workers International Union) Employers Retirement Trust.
Joseph H. Lemieux, Owens-Illinois chairman and chief executive officer, said, "We are delighted to have a seasoned executive like Tom Young assume the role of CFO. His in-depth knowledge of our goals and objectives, extensive experience and proven ability to handle complex issues make him an ideal candidate for this position."