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Gordon Brings Over 35 Years of Global Leadership Experience Advancing Strategy and Innovation
Company Nominates Two New Independent Directors and Announces Retirement of Board Chair
PERRYSBURG, Ohio, April 04, 2024 (GLOBE NEWSWIRE) -- O-I Glass, Inc. (NYSE:O) (the "Company" or "O-I") today announced that its Board of Directors (the "Board") has appointed Gordon J. Hardie, current O-I Board member, as the Company's next Chief Executive Officer, effective the later of May 15, 2024 or the date Gordon is issued his work-authorized U.S. visa. Gordon will also continue as a member of O-I's Board, where he has served since 2015. He succeeds Andres Lopez, who previously announced his intention to retire.
Gordon is a seasoned executive who brings over 35 years of leadership and operational expertise, including overseeing transformations at global companies to achieve industry-leading positions. Most recently, he served as President, Food & Ingredients at Bunge Limited, a global agribusiness and food company, where he was responsible for leading the strategic development and global performance of the business.
"Gordon's appointment as CEO follows a comprehensive search consistent with our long-term succession planning process," said John H. Walker, Independent Board Chair. "Gordon is a proven leader with extensive experience in the packaged food and beverage industry, bringing valuable customer perspective. Having served on the O-I Board for nearly nine years, he also has a deep understanding of our business, operations and culture – and most importantly, the opportunities ahead. The Board is confident that Gordon will take the Company into its next phase of innovation and growth."
"I am honored to take on the role of O-I's next CEO at this exciting time in the Company's history," said Gordon. "I know firsthand that our culture of innovation and the tremendous talent at every level of the organization is what differentiates O-I as an industry leader. Together, with the rest of the Board and O-I management team, I look forward to building on our strong foundation and delivering future value creation for our customers and stockholders."
"I have worked closely with Gordon from our time together on the O-I Board, and I believe he is the ideal leader to take O-I to the next level," said Andres. "I am extremely proud of what the O-I team has accomplished, from developing breakthrough innovations to advancing new standards in sustainable glass manufacturing and will be celebrating the team's continued successes for years to come."
O-I Announces Changes to the Board
O-I today also announced the nominations of Eric J. Foss and Cheri Phyfer to stand for election to the Company's Board at its 2024 Annual Meeting of Stockholders (the "Annual Meeting") to be held on May 15, 2024. In addition, the Company announced that John H. Walker is retiring from his role as Independent Board Chair and a member of the Board, effective as of the Annual Meeting. The Board will appoint a new Board Chair at the conclusion of the Annual Meeting.
Eric is an experienced executive having previously served as Chairman, President and Chief Executive Officer of Aramark, a leading global provider of food, facilities and uniform services, until he retired from his roles in 2019. Before then, he served in senior leadership roles across various divisions of PepsiCo, Inc. In addition, he has extensive public company board experience and currently serves on the boards of Primo Water Corporation, Cineworld Group and The Cigna Group.
Cheri has significant operating expertise, currently serving as Executive Vice President and Group President at Fortune Brands Innovations, Inc., a building products manufacturer and distributor, where she is responsible for the company's brand, innovation and channel organization. Prior to Fortune Brands, Cheri spent over 20 years at The Sherwin-Williams Company, including running two of the company's largest store divisions before serving as President of the Consumer Group.
John said, "As part of our commitment to strong governance practices, including active board refreshment, we are pleased to nominate Eric and Cheri for election to the O-I Board. Eric and Cheri are both proven leaders who each bring extensive experience in areas directly relevant to our business, and we expect their perspectives to be value-additive to the important work underway."
John added, "It has been an honor to serve as Chair of O-I's Board and to have contributed to the Company's transformation into the more capable, resilient, agile and disciplined organization it is today."
Andres concluded, "On behalf of my fellow directors, I want to thank John for his dedication to O-I, including three years as Board Chair. We have all benefitted from his business transformation and technology expertise, and, on a personal note, it has been a pleasure to both work with and learn from him. We wish him all the best."
In connection with the changes announced today, following the Annual Meeting, O-I's Board will continue to comprise ten directors, nine of whom will be independent.
Complete biographies for each of the nominees for the O-I Board will be available in the Company's definitive proxy statement, which will be filed with the Securities and Exchange Commission, in connection with the upcoming Annual Meeting.
