O-I Vice President of Investor Relations Retires; New Vice President Named
September 12 2006 - 6:01PM
PR Newswire (US)
TOLEDO, Ohio, Sept. 12 /PRNewswire-FirstCall/ -- 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.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050412/CLTU028LOGO)
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/.
http://www.newscom.com/cgi-bin/prnh/20050412/CLTU028LOGO
http://photoarchive.ap.org/ DATASOURCE: Owens-Illinois, Inc.
CONTACT: Kelley Yoder of O-I, +1-567-336-1388 Web site:
http://www.o-i.com/
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