Lopez Named O-I CEO
Owens-Illinois, Inc. (O-I) announced recently that it has named Andres Lopez CEO effective January 1, 2016. O-I’s board of directors affirmed Lopez’s appointment at its October board meeting, marking the final step in the CEO succession process. Al Stroucken, current chairman and CEO, will retain the role of executive chairman of the board as of January 1, until the annual shareholder meeting in May 2016.
As chief operating officer of the company, Lopez has been responsible for O-I’s business and operations in all of the company’s geographic regions. He led the negotiations resulting in the recent $2.15 billion acquisition of Vitro’s food and beverage business in Mexico, Bolivia, and the U.S.
“Over the last year, Andres and I have worked closely together to transition all responsibilities for the company,” said Stroucken. “The board is confident that Andres’ passion and his strategic vision for the company will propel O-I successfully into the future.”
For more information, visit http://o-i.com.