UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
January 31, 2012
Date of Report (Date of earliest event reported)
OWENS-ILLINOIS, INC.
(Exact name of registrant as specified in its charter)
Delaware |
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1-9576 |
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22-2781933 |
(State or other jurisdiction |
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(Commission |
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(IRS. Employer |
One Michael Owens Way |
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43551-2999 |
(Address of principal executive offices) |
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(Zip Code) |
(567) 336-5000
(Registrants telephone number, including area code)
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
ITEM 5.02. |
DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS. |
On January 31, 2012, Owens-Illinois, Inc. (the Company) announced the departure of L. Richard Crawford, the Companys Senior Vice President and Chief Technology and Operations Officer, effective March 31, 2012. Per the terms of his employment agreement, Mr. Crawford will receive continuation of compensation and benefits through March 31, 2013.
The Company has integrated Mr. Crawfords role into two newly created organizations: an Integrated Supply Chain Organization and a Technology Organization. The Company has named Edwin Snyder as Senior Vice President, Integrated Supply Chain, and Giancarlo Currarino as Vice President and Chief Technology Officer.
The Companys related press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
ITEM 9.01. |
FINANCIAL STATEMENTS AND EXHIBITS. |
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(d) |
Exhibits. |
Exhibit |
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No. |
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Description |
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99.1 |
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Press Release dated February 6, 2012 |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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OWENS-ILLINOIS, INC. | |
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Date: February 6, 2012 |
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By: |
/s/ Edward C. White |
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Name: |
Edward C. White |
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Title: |
Senior Vice President and |
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Chief Financial Officer |
Exhibit 99.1
FOR IMMEDIATE RELEASE
For more information, contact:
Stephanie Johnston
O-I Corporate Communications
(567) 336-7199
stephanie.johnston@o-i.com
O-I Establishes Integrated Supply Chain Organization and Streamlines Engineering to Drive Focus on Customers
New members appointed to Global Leadership Team
PERRYSBURG, Ohio (February 6, 2012) As part of the companys continuing efforts to enhance flexibility and become more customer centric, Owens-Illinois, Inc., (NYSE: OI), announced plans to create an integrated supply chain operation and a new technology group that aligns the companys engineering expertise with its R&D capabilities. This new group will focus on technologies that will help O-I retain its global leadership in glass container manufacturing. Collectively, these changes have resulted in an adjustment of responsibilities in O-Is global leadership team, and the addition of two new members to that team.
The evolving dynamics of the consumer packaged goods industry call for glass container manufacturers to become more nimble, more innovative and more customer-centric. By integrating our supply chain in a consistent manner across the globe, we gain better visibility into our cost structures and speed decision making, both of which benefit our customers, said Al Stroucken, O-Is chairman and chief executive officer. By focusing our engineering talent on new technologies and solutions, we increase our value to our customers, enhance our flexibility, and reinforce our sustainability.
To support these efforts, the company will reorganize responsibilities within its global leadership team.
Ed Snyder, who joined the company in 2007 as senior vice president and chief process improvement officer, will lead the companys Integrated Supply Chain organization. Snyder, who has 25 years of experience in supply chain management, will oversee O-Is global
manufacturing; environment, health and safety; quality; performance management; procurement; logistics; supply chain and the glass recycling (cullet) business groups.
As a result of the reorganization, Ron White and Giancarlo Currarino will be joining the global leadership team. White, who joined O-I in 2009 as vice president and chief information officer, will assume the role of chief process improvement officer, previously held by Ed Snyder. White will oversee the companys Lean Six Sigma, sustainability and corporate communications teams and will continue to lead O-Is information technology organization, including the SAP program. Prior to joining O-I, White worked as a partner at Accenture, focusing on business transformation initiatives with multinational clients.
Giancarlo Currarino, who most recently served as vice president of global engineering, is named vice president and chief technology officer. Currarino will be responsible for engineering, research and development, machine manufacturing and equipment sales, and licensing. Currarino joined O-I Peru in 2000 as an engineer and subsequently served as manager of two O-I plants, general manager of the companys global machine engineering center in Lurin, Peru, and vice president of facilities and operations advancement in Perrysburg, before assuming his current role.
As part of the reorganization, Rich Crawford, senior vice president and chief technology and operations officer, has elected to leave the company.
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Company Profile
Owens-Illinois, Inc. (NYSE: OI) is the worlds largest glass container manufacturer and preferred partner for many of the worlds leading food and beverage brands. With revenues of $7.4 billion in 2011, the company is headquartered in Perrysburg, Ohio, USA, and employs more than 24,000 people at 81 plants in 21 countries. O-I delivers safe, effective and sustainable glass packaging solutions to a growing global marketplace. For more information, visit www.o-i.com.