Peter Volanakis to Retire as Corning President and Chief Operating Officer
29 Luglio 2010 - 3:00PM
Business Wire
Corning Incorporated (NYSE:GLW) announced today that Peter F.
Volanakis, president and chief operating officer, will retire on or
before Dec. 31, 2010 following 28 years of distinguished service
with the company.
“On behalf of Corning’s Board of Directors and Management
Committee, I thank Pete for his outstanding leadership and service
to the company over his nearly 30-year career,” said Wendell P.
Weeks, chairman and chief executive officer. “Over the past eight
years, Pete has been my strategic partner and operations leader. He
led the growth of the LCD glass business, the globalization of all
of Corning’s businesses, and drove a culture of operational and
cost excellence throughout the company. He also played a key role
in revitalizing Corning’s innovation and growth initiatives.
Corning would not be in the strong financial and strategic position
it is today without him.”
“I announce my retirement plans with both regret and
anticipation,” said Volanakis, 55. “While it is difficult to leave
Corning, I am fortunate to be able to retire at an age which
affords me a unique and exciting window for an entirely new set of
professional and personal pursuits. The company’s financial
position is stronger than ever, and Corning is well-positioned for
growth with outstanding opportunities in Display Technologies, and
in Specialty Materials with Gorilla® glass. My retirement also
provides an opportunity for Corning’s talented pool of division
managers to develop into the next generation of company
leaders.”
With this announcement, the company will begin a leadership
transition. Effective Sept. 1, Corning’s division managers will
report directly to Weeks. Volanakis will move into a transition
role serving as a strategic advisor to the CEO. He will continue as
a member of Corning’s Management Committee and engage on
high-priority corporate issues and decisions. Volanakis will step
down as a director of Dow Corning Corporation in the fourth quarter
and as a director of Corning Incorporated in December. “Pete’s
announcement and retirement timing will allow us to plan and
execute an orderly leadership transition,” said Weeks.
“Corning is truly a unique company with outstanding people, in a
special community. I may be retiring from the company, but I will
always be a member of the Corning family,” said Volanakis.
About Corning Incorporated
Corning Incorporated (www.corning.com) is the world leader in
specialty glass and ceramics. Drawing on more than 150 years of
materials science and process engineering knowledge, Corning
creates and makes keystone components that enable high-technology
systems for consumer electronics, mobile emissions control,
telecommunications and life sciences. Our products include glass
substrates for LCD televisions, computer monitors and laptops;
ceramic substrates and filters for mobile emission control systems;
optical fiber, cable, hardware & equipment for
telecommunications networks; optical biosensors for drug discovery;
and other advanced optics and specialty glass solutions for a
number of industries including semiconductor, aerospace, defense,
astronomy and metrology.
Follow Corning: RSS
Feeds | Facebook | Twitter | YouTube
Grafico Azioni Corning (NYSE:GLW)
Storico
Da Ago 2024 a Set 2024
Grafico Azioni Corning (NYSE:GLW)
Storico
Da Set 2023 a Set 2024