Former Owens Corning Chairman and CEO to be Inducted into the Junior Achievement U.S. Business Hall of Fame
April 26 2007 - 6:35PM
PR Newswire (US)
TOLEDO, Ohio, April 26 /PRNewswire-FirstCall/ -- Harold
Boeschenstein, Owens Corning chairman and chief executive officer
from 1938 to 1967, is one of five entrepreneurs who will be
inducted into the JA Worldwide(TM) (Junior Achievement) U.S.
Business Hall of Fame during a ceremony on April 26 in Charlotte,
N.C. With his induction, Harold Boeschenstein joins business
legends like Walt Disney, Henry Ford, Thomas Edison and J.D.
Rockefeller, Jr. Since its inception in 1975, the U.S. Business
Hall of Fame has inducted 229 business leaders. The U.S. Business
Hall of Fame benefits JA Worldwide(TM) (Junior Achievement) and
recognizes business leaders who have made outstanding contributions
to free-enterprise and society. Inductees are selected by a
committee of past winners and are reviewed on their excellence in
business, courageous thinking and actions, vision and innovation,
leadership and philanthropy. "Harold Boeschenstein is an
inspiration to the millions of young people learning how to be
successful entrepreneurs today through Junior Achievement
programs," said Dave Brown, president and chief executive officer.
"He was central to the formation of Owens Corning, and his emphasis
on solid leadership, vigorous research and innovation are reflected
in our company's sales growth from $3 million to $373 million
during his tenure." Boeschenstein (1896 - 1972) was a prominent
figure in the glass industry for more than 40 years. In 1931, he
and his associates at Owens-Illinois Glass Company began the
research of fibrous glass. This led to the formation of
Owens-Corning Fiberglas Corporation - later named Owens Corning -
by Owens- Illinois and Corning Glass Works of Corning, N.Y. In
1938, Boeschenstein was named president and a director of the new
company. He was elected chairman in 1963 and retired in 1967. After
retirement, he continued to serve the company as chairman of the
executive committee and as a director and advisor. Boeschenstein
also was a director for many other companies, including American
Electric Power Company, Dow Jones and Company Inc., Ford Motor
Company and International Paper Company. In 1957, he was selected
as one of the 50 foremost business leaders in the U.S. by Forbes
Magazine. In addition to being a successful business leader,
Boeschenstein served his country through military duty during WWI
and WWII, and as an advisor to the administration of five U.S.
presidents - from Franklin D. Roosevelt through Lyndon B. Johnson.
He also was actively involved in several educational, research,
charitable and cultural foundations. About JA Worldwide(TM) (Junior
Achievement) JA Worldwide is the world's largest organization
dedicated to inspiring and preparing young people to succeed in a
global economy. Through a dedicated volunteer network, JA Worldwide
provides in-school and after-school programs for students in grades
K-12. JA Worldwide offers educational programs that focus on seven
key content areas: business, citizenship, economics,
entrepreneurship, ethics/character, financial literacy, and career
development. Today, 140 individual area operations reach
approximately four million students in the United States, with more
than 3.5 million students served by operations in 100 countries
worldwide. For more information, visit http://www.ja.org/. About
Owens Corning Owens Corning (NYSE:OC) is a world leader in building
materials systems and composite solutions. A Fortune 500 company
for more than 50 years, Owens Corning people redefine what is
possible each day to deliver high-quality products and services
ranging from insulation, roofing, siding and stone, to glass
composite materials used in transportation, electronics,
telecommunications and other high-performance applications. Founded
in 1938, Owens Corning is a market-leading innovator of glass-fiber
technology with sales of $6.5 billion in 2006 and 19,000 employees
in 26 countries. Additional information is available at
http://www.owenscorning.com/. DATASOURCE: Owens Corning CONTACT:
Jason Saragian of Owens Corning, +1-419-248-8987 Web site:
http://www.owenscorning.com/ Company News On-Call:
http://www.prnewswire.com/comp/677350.html
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