Corning Inc. recently announced that James R. Houghton plans to relinquish the role of chief executive officer, and that Wendell P. Weeks will become president and chief executive officer. Additionally, Peter F. Volanakis will replace Weeks as chief operating officer. These actions have been approved by the board of directors and will take effect at the company's annual shareholder meeting on April 28, 2005. Houghton will retain the role of chairman of the board of directors. "I couldn't be more pleased that Wendell Weeks will be succeeding me as chief executive officer," Houghton said. "The board of directors and I firmly believe that he possesses the experience, the commitment to our values and the leadership skills to successfully continue the exciting growth opportunities that the management committee has developed over the past three years. When I returned to this position in April of 2002, I stated that our goal was to return this company to profitability. We have done so in remarkable fashion and the timing is now right for this transition."
For additional information, visit http://www.corning.com.