Ceramic Industry

Corning CEO Ackerman To Retire In 2001; Loose Elected New CEO

December 18, 2000
Corning Inc. Chairman and Chief Executive Officer Roger G. Ackerman recently announced plans to retire as chief executive officer of the company. Corning's board of directors elected John W. Loose chief executive officer, effective January 1, 2001. Loose is currently president and chief operating officer of the company. Ackerman will remain chairman of the board until Corning's annual meeting on June 21, 2001, when he will retire from the company.

Corning also announced leaders for its new management structure, which will be comprised of two operating groups. Wendell P. Weeks has been appointed president of Corning Optical Communications. The businesses under his leadership will include optical fiber; photonic technologies; optical networking devices; and cable, hardware, equipment and services. Peter F. Volanakis has been appointed president of Corning Technologies and will lead Corning's active- matrix liquid crystal display, life science and microarray technology, environmental, semiconductor equipment, projection television lens, television glass and specialty materials businesses. Both appointments are effective January 1, 2001.

Two other members of Corning's leadership team also recently announced their retirements. Corning Vice Chairman of the Board Norman E. Garrity will retire in March 2001. He will serve on Corning's board of directors until February 2001. Dr. Charles W. Deneka, 56, executive vice president of Science and Technology and Corning's chief technology officer will retire on January 1, 2001.

Donald H. McConnell, senior vice president, was appointed director of Corning Science and Technology, effective January 1, 2001. McConnell will complete an initiative to develop a technology organization structure that will sustain Corning's business growth, and will lead the company's science and technology organization until a new chief technology officer is appointed in 2001.

For additional information, call (607) 974-8950 or visit a href="http://www.corning.com">http://www.corning.com.