Owens- Illinois: R. J. Lanigan retires from board of directors

Owens-Illinois, Inc., announced that Robert J. Lanigan, chairman emeritus, has elected to retire from the Owens-Illinois Board of Directors after 52 years of service with the company. Concurrently, the Board has elected Anastasia D.

Kelly a director of Owens-Illinois, filling the vacancy created by Mr. Lanigan's retirement. Ms. Kelly is a senior vice president of Sears, Roebuck and Co. She will serve on the Audit Committee of the Owens-Illinois Board of Directors and will stand for election to a three-year term at the company's annual meeting of share owners on May 8, 2002.

Joseph H. Lemieux, Owens-Illinois chairman and chief executive officer, said, "Bob Lanigan has completed a distinguished career with Owens-Illinois. On behalf of the board, I would like to thank Bob for his many contributions during a career that has spanned more than a half century of service to our company." Mr. Lanigan joined Owens-Illinois in 1950. He served as chairman of the board of directors of the company from 1984 to 1991 and as chief executive officer of the company from 1984 to 1990.

Ms. Kelly is senior vice president and general counsel of Sears, Roebuck and Co. Prior to assuming that position in 1999, she served as senior vice president, general counsel, and secretary of Fannie Mae. She served in private law practice before joining Fannie Mae in 1995. Ms. Kelly is a 1981 graduate of the George Washington University National Law Center.

Mr. Lemieux said, "I am very pleased to welcome Anastasia Kelly to the Owens-Illinois Board of Directors. She is a valuable addition to our Board and is well qualified to serve our share owners."

600450 Owens- Illinois: R. J. Lanigan retires from board of directors glassonweb.com

See more news about:

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