O-I ANNOUNCES NEW PRESIDENT OF EUROPEAN BUSINESS
December 13 2012 - 8:33AM
FOR IMMEDIATE
RELEASE
For more information, contact:
Stephanie Johnston
O-I Corporate Headquarters
+1 567 336 7199
stephanie.johnston@o-i.com
Michael Praeger
Communications Director, O-I Europe
+41 21 703 4587
michael.praeger@eu.o-i.com
O-I ANNOUNCES
NEW PRESIDENT OF EUROPEAN BUSINESS
Erik Bouts to lead company's initiatives to
strengthen market leadership position
PERRYSBURG (December 13, 2012) -
Owens-Illinois, Inc., (NYSE: OI), the world's largest glass
packaging maker, has named Erik Bouts as the company's new
president of O-I Europe. Effective January 1, 2013, Bouts succeeds
Jose Lorente, who will leave the company after a 34-year career
with O-I.
As the leader of O-I's largest region, Bouts will accelerate O-I's
efforts to strengthen its leading market position in Europe. In
2013, O-I will invest $175 million (€140 million) in its European
facilities, improving quality, sustainability and capabilities to
better support the growing need of European customers for more
sustainable and healthy glass packaging solutions.
"Erik's experience in leading major manufacturing companies and his
strong focus on execution and results will be invaluable on our
journey to strengthen our competitiveness in Europe," said Al
Stroucken, O-I chairman and chief executive officer. "He comes to
O-I with a strong record of successfully rallying organisations
around new ideas and strategies, while building strong
relationships with customers, business partners and the
workforce."
Bouts has over 25 years of experience leading diverse executive
management teams. Prior to joining O-I, he was CEO of The Glidden
Company, part of AkzoNobel Architectural Paints Division in the
USA, where he was instrumental in spearheading major
transformational programs and developing market focused strategies
to drive growth. Bouts holds a Masters in Business Administration
and Economics from the University of Tilburg (the Netherlands) and
will be based at O-I's European Headquarters in Lausanne,
Switzerland.
O-I's European business comprises 8,000 employees in 11 different
countries. With more than $3 billion (€2.3 billion) of sales in
2011, the region represents approximately 40 per cent of the
company's global sales.
###
About
O-I
Owens-Illinois, Inc. (NYSE: OI) is the world's largest glass
container manufacturer and preferred partner for many of the
world's leading food and beverage brands. With revenues of $7.4
billion in 2011, the company is headquartered in Perrysburg, Ohio,
USA, and employs more than 24,000 people at 81 plants in 21
countries. O-I delivers safe, effective and sustainable glass
packaging solutions to a growing global marketplace. For more
information, visit http://www.o-i.com/.
Erik Bouts
O-I logo
This
announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the
information contained therein.
Source: Owens-Illinois, Inc. via Thomson Reuters ONE
HUG#1664654
OI Glass (NYSE:OI)
Historical Stock Chart
From Jun 2024 to Jul 2024
OI Glass (NYSE:OI)
Historical Stock Chart
From Jul 2023 to Jul 2024