Owens Corning Elects Alfred Festa to Board of Directors
September 17 2020 - 6:30AM
Business Wire
Owens Corning (NYSE:OC) announced today that Alfred (Fred) E.
Festa, former Chairman of W.R. Grace & Co., has been elected to
the company’s Board of Directors.
“We are pleased to welcome Fred to our Board of Directors,” said
Brian Chambers, Chairman and Chief Executive Officer. “With his
extensive leadership experience and broad skill set, he will
provide valuable insights to the board and the company.”
Mr. Festa served as Chairman and Chief Executive Officer of W.R.
Grace & Co., a leading global producer of specialty chemicals
and materials, from 2008 to 2018, and non-executive Chairman from
2018 to 2019. He joined the company as President and Chief
Operating Officer in 2003 and assumed the role of CEO in 2005.
Previously, he served in senior leadership positions at
Morgenthaler Private Equity Partners and AlliedSignal (now
Honeywell). He began his career at General Electric, where he spent
12 years in financial management positions.
Since 2008, Mr. Festa has also served on the Board of Directors
of NVR, Inc., one the largest homebuilders in the United States,
and is currently a member of its Audit Committee and Nominating and
Corporate Governance Committee. He also serves as an Operating
Advisor at Clayton, Dubilier & Rice (CD&R), a global
private equity firm with a broad portfolio.
Mr. Festa graduated with a Bachelor of Science degree in Finance
from the State University of New York at Oswego. He has been
appointed to serve on the Audit and Finance committees of the Owens
Corning Board effective immediately.
About Owens Corning Owens
Corning is a global building and industrial materials leader. The
company’s three integrated businesses are dedicated to the
manufacture and advancement of a broad range of insulation, roofing
and fiberglass composite materials. Leveraging the talents of
18,000 employees in 33 countries, Owens Corning provides innovative
products and sustainable solutions that address energy efficiency,
product safety, renewable energy, durable infrastructure, and labor
productivity. These solutions provide a material difference to the
company’s customers and make the world a better place. Based in
Toledo, Ohio, USA, the company posted 2019 sales of $7.2 billion.
Founded in 1938, it has been a Fortune 500® company for 66
consecutive years. For more information, please visit
www.owenscorning.com.
Owens Corning Company News/Investor Relations News
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