Gregg to Retire as Corning Chief Administrative Officer
29 Aprile 2015 - 9:04PM
CORNING, N.Y. - Corning
Incorporated (NYSE: GLW) today announced that Kirk P. Gregg, 55,
executive vice president and chief administrative officer, will
retire at the end of 2015.
Lisa Ferrero, 51, currently general manager,
Corning Display Technologies, will succeed Gregg as senior vice
president and chief administrative officer, effective Jan. 1, 2016.
Ferrero will join the company's management committee.
Gregg has been with Corning for 22 years, joining
in 1993 as director of executive compensation. In 2002, he was
named chief administrative officer and was responsible for
establishing a highly effective corporate infrastructure group to
deliver high-quality support services for the company's business
organizations. He also has been a civic leader across the Corning
community and New York State. He serves as chairman of the board
for Three Rivers Development Corporation and is a trustee of the
Corning Foundation, and oversees Corning Enterprises.
He has served as a past chairman for the New York
State Business Council and was awarded the group's highest honor,
The Corning Award of Excellence in 2012. Gregg has been a long-time
volunteer for Boy Scout's USA and in 2010 received the Three Rivers
Council Distinguished Citizen Award.
"Kirk Gregg has been an instrumental member of
Corning's management committee for more than a dozen years. He has
been a leader in driving quality and performance improvement across
the corporate center, and has worked tirelessly to improve the
quality of life in our local community and across New York State. I
thank Kirk for his service and his dedication. He will be missed,"
Wendell P. Weeks, chairman, chief executive officer, and president,
said.
Forward-Looking and Cautionary
Statements
This press release contains "forward-looking statements" (within
the meaning of the Private Securities Litigation Reform Act of
1995), which are based on current expectations and assumptions
about Corning's financial results and business operations, that
involve substantial risks and uncertainties that could cause actual
results to differ materially. These risks and uncertainties
include: the effect of global political, economic and business
conditions; conditions in the financial and credit
markets; currency fluctuations; tax rates; product demand
and industry capacity; competition; reliance on a concentrated
customer base; manufacturing efficiencies; cost reductions;
availability of critical components and materials; new product
commercialization; pricing fluctuations and changes in
the mix of sales between premium and non-premium products; new
plant start-up or restructuring costs; possible
disruption in commercial activities due to terrorist activity,
armed conflict, political or financial instability, natural
disasters, adverse weather conditions, or major health concerns;
adequacy of insurance; equity company activities; acquisition and
divestiture activities; the level of excess or obsolete inventory;
the rate of technology change; the ability to enforce patents;
product and components performance issues; retention of key
personnel; stock price fluctuations; and adverse litigation or
regulatory developments. These and other risk factors
are detailed in Corning's filings with the Securities and
Exchange Commission. Forward-looking statements speak only as
of the day that they are made, and Corning undertakes no obligation
to update them in light of new information or future events.
About Corning
Incorporated
Corning (www.corning.com) is one of the world's leading innovators
in materials science. For more than 160 years, Corning has applied
its unparalleled expertise in specialty glass, ceramics, and
optical physics to develop products that have created new
industries and transformed people's lives. Corning succeeds through
sustained investment in R&D, a unique combination of material
and process innovation, and close collaboration with customers to
solve tough technology challenges. Corning's businesses and markets
are constantly evolving. Today, Corning's products enable diverse
industries such as consumer electronics, telecommunications,
transportation, and life sciences. They include damage-resistant
cover glass for smartphones and tablets; precision glass for
advanced displays; optical fiber, wireless technologies, and
connectivity solutions for high-speed communications networks;
trusted products that accelerate drug discovery and manufacturing;
and emissions-control products for cars, trucks, and off-road
vehicles.
Media Relations
Contact:
Daniel F.
Collins
(607)
974-4197
collinsdf@corning.com
Investor Relations
Contact:
Ann H.S. Nicholson
(607) 974-6716
nicholsoas@corning.com
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Corning Incorporated via Globenewswire
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