Ceramic Industry News

Owens Corning Announces Management Succession Plan

January 3, 2002
/ Print / Reprints /
/ Text Size+
The board of directors of Owens Corning recently announced a management succession plan aimed at continuing the corporate focus on operational excellence, while simultaneously emerging from Chapter 11 status in the shortest possible time. The plan includes the following key elements: David T. Brown is named chief executive officer, president and board member; Michael H. Thaman is named chairman of the board; and Maura Abeln Smith, who is chief restructuring officer, general counsel and secretary, is also elected to the board of directors. All board appointments are effective January 1, 2002, and all management changes, including Thaman's election as chairman of the board, are effective April 18, 2002.

Brown will be responsible for all the day-to-day operations and the overall performance of the company. Thaman will continue his duties as chief financial officer, with an added focus on the financial reorganization strategy, as well as all matters associated with corporate governance. Smith will continue to lead the Chapter 11 reorganization as well as carry on her duties as general counsel and secretary.

The succession plan was developed in response to the planned retirement of current chairman and CEO, Glen H. Hiner, whose departure will be effective April 18, 2002.

For more information, visit http://www.owenscorning.com.

Did you enjoy this article? Click here to subscribe to Ceramic Industry Magazine.

You must login or register in order to post a comment.



Image Galleries

June 2014 Issue Highlights

Our June 2014 issue is now available!


Manufacturing Day 2014

Manufacturing Day organizers share their insights with Managing Editor Kelsey Seidler.

More Podcasts

Ceramic Industry Magazine

CI September 2014 cover

2014 September

You won't want to miss the CI Top 10, traditionally our most popular article of the year!

Table Of Contents Subscribe


M:\General Shared\__AEC Store Katie Z\AEC Store\Images\Ceramics Industry\handbook of advanced ceramics.gif
Handbook of Advanced Ceramics Machining

Ceramics, with their unique properties and diverse applications, hold the potential to revolutionize many industries, including automotive and semiconductors.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


CI Data Book July 2012

Ceramic Industry's Directories including Components, Equipment Digest, Services, Data Book & Buyers Guide, Materials Handbook and much more!


facebook_40px twitter_40px  youtube_40pxlinkedin_40google+ icon 40px