Corning Inc. has announced that Peter F. Volanakis, president and COO, will retire on or before December 31, following 28 years of service with the company.

“On behalf of Corning’s board of directors and management committee, I thank Pete for his outstanding leadership and service to the company over his nearly 30-year career,” said Wendell P. Weeks, chairman and CEO. “Over the past eight years, Pete has been my strategic partner and operations leader. He led the growth of the LCD glass business, the globalization of all of Corning’s businesses, and drove a culture of operational and cost excellence throughout the company. He also played a key role in revitalizing Corning’s innovation and growth initiatives. Corning would not be in the strong financial and strategic position it is today without him.”

With this announcement, the company will begin a leadership transition. Effective September 1, Corning’s division managers will report directly to Weeks. Volanakis will move into a transition role, serving as a strategic advisor to the CEO. He will continue as a member of Corning’s management committee and engage on high-priority corporate issues and decisions. Volanakis will step down as a director of Dow Corning Corp. in the fourth quarter and as a director of Corning Inc. in December.

For more information, visit www.corning.com.