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owens-illinois inc (OIL) Snapshot

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07/4/14 - €25.72
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10/30/14 - €18.56
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owens-illinois inc (OIL) Details

Owens-Illinois, Inc., through its subsidiaries, manufactures and sells glass container products to food and beverage manufacturers primarily in Europe, North America, South America, and the Asia Pacific. It produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine. The company is also involved in the production of glass packaging for various food items, soft drinks, teas, juices, and pharmaceuticals. It offers glass containers in a range of sizes, shapes, and colors. The company sells its products directly to customers under annual or multi-year supply agreements, as well as through distributors. Owens-Illinois, Inc. was founded in 1903 and is headquartered in Perrysburg, Ohio.

22,500 Employees
Last Reported Date: 02/13/14
Founded in 1903

owens-illinois inc (OIL) Top Compensated Officers

Chairman, Chief Executive Officer and Member ...
Total Annual Compensation: $1.0M
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $462.3K
Senior Vice President and General Counsel
Total Annual Compensation: $422.0K
Compensation as of Fiscal Year 2013.

owens-illinois inc (OIL) Key Developments

O-I Announces Executive Changes

Owens-Illinois, Inc. announced that it has named Vitaliano Torno managing director of O-I Europe, effective immediately. Torno succeeds Erik Bouts as the most senior level executive for O-I in Europe and will report to Andres Lopez, president of glass containers and chief operating officer. As the head of O-I's large region, Torno will continue shepherding the company through its long-term asset optimization program. His strong commercial background will help support the growing needs of European customers and serve to promote the company's leadership role in providing sustainable, healthy and safe packaging solutions. Torno has worked in the glass industry for more than 25 years. He served as general manager of O-I's operations in central Europe (Czech Republic, Poland and Hungary) in the late 1990s, and in Italy in the early 2000s.

Owens-Illinois, Inc. Announces Executive Changes

Owens-Illinois, Inc. announced that it has named Andres Lopez president of glass containers and chief operating officer of O-I, effective February 1, 2015. In this newly created role, Lopez will oversee O-I's business and operations in all of the company's geographic regions. He will be focused on enhancing the performance of the business to the benefit of O-I customers, employees, investors and other key stakeholders. His deep knowledge of the glass industry and his strong commitment to innovation and process improvement will help advance O-I's capabilities to provide high value-added products and services to its customers. From 2009 to 2014, he served as president of O-I South America. Under Lopez's leadership, the region achieved substantial cost reduction through asset optimization and reduced spending, which resulted in increased segment operating income and cash generation. Erik Bouts, president of O-I Europe, will leave the company, effective January 31, 2015, to pursue other opportunities. Leadership succession for the European and North American businesses will be determined in the near future. In the interim, Lopez will continue to lead the North American business.

Owens-Illinois, Inc.(NYSE:OI) dropped from S&P 500 Growth Index

Owens-Illinois, Inc.(NYSE:OI) dropped from S&P 500 Growth Index


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