O-I Names Two New Board Members and New Independent Chairman
Owens-Illinois, Inc. (O-I) recently announced the election of Andres A. Lopez and Joseph J. DeAngelo to its board of directors.
Owens-Illinois, Inc. (O-I) recently announced the election of Andres A. Lopez and Joseph J. DeAngelo to its board of directors. Lopez, a 30-year veteran of O-I, has been serving as the company’s CEO since January 2016. Since joining the company’s Colombia office in 1986, Lopez has held increasingly senior positions, including president of O-I South America, president of O-I Americas, and chief operating officer (COO). DeAngelo is the chairman, president and CEO of HD Supply Holdings, Inc. Previously, DeAngelo served as COO of The Home Depot, Inc., and held leadership roles at Stanley Black & Decker, Inc. and General Electric Co. Thomas L. Young, who reached the mandatory retirement age for board members, and Albert P.L. Stroucken, who retired as CEO and president at the end of 2015, did not stand for reelection.
“On behalf of the board of directors and our management team, I want to thank Tom and Al for their leadership, effort, and support throughout their tenure,” said Lopez “We greatly appreciate their many years of dedication and strong partnership. We also look forward to working with Joe, a proven leader who brings impressive business and industry experience that is highly relevant to O-I’s future plans and opportunities.”
The company also announced the appointment of Carol A. Williams as chairman of the board, effective immediately. Williams takes on this new role following the expiration of the board term of Stroucken, who continued to serve as executive chairman following his retirement as CEO.
Williams has been a member of O-I’s board of directors since February 2014, serving on the compensation and risk oversight committees. She holds a bachelor’s degree in chemical engineering from Carnegie Mellon University and serves on the university’s board of trustees.
“Carol has made significant contributions to our board over the last two years, including her active engagement in helping set the company’s future direction,” said Lopez. “Her extensive experience in successful transformations will continue to serve O-I well as we execute the plan recently shared at our Investor Day. I look forward to working with her in her new capacity as our board chair.”
For more information, visit www.o-i.com.