Corning Announces New Operating Structure and Introduces COO Role

Nachrichtenquelle: globenewswire
08.04.2020, 22:08  |  165   |   |   

New structure to enhance company’s focus on customers, disruptive innovation, and growth; Chief operating officer to drive operational excellence

CORNING, N.Y. , April 08, 2020 (GLOBE NEWSWIRE) -- Corning Incorporated announced on Wednesday that it is reorganizing its operating structure based on extensive analysis and leadership review. The new structure aligns executive management and business teams around five Market-Access Platforms (MAPs): Mobile Consumer Electronics, Optical Communications, Automotive, Life Sciences, and Display.

Corning’s MAPs are built to serve well-defined market ecosystems. Within each MAP, the company applies a combination of three core capabilities and four manufacturing and engineering platforms to bring value to current and future customers. The MAPs also provide a strong growth mechanism for Corning, creating opportunities to reapply and reuse assets and capabilities developed for customers in one market-ecosystem to serve customers in another. This strategy has contributed significantly to Corning’s strong performance over the last few years, and the reorganization announced today is designed to unlock new opportunities for valuable synergies.

“By organizing around the MAPs, we’re positioning Corning to capture more customer insights, further leverage our distribution channels, and open up new opportunities for innovation with industry leaders,” said Wendell P. Weeks, chairman and chief executive officer. “The new structure allows us to drive growth by activating the full power of our cohesive portfolio.”

Additionally, Corning has established a new leadership position that will drive operational excellence. Eric S. Musser, a 34-year Corning veteran, has been named to the expanded role of president and chief operating officer (COO), effective immediately. “I’m pleased that Eric Musser is assuming this important new role. He’s a transformative leader with a strong track record of execution across the company, and his expertise and industry knowledge will enhance our performance,” Weeks continued. “Eric’s demonstrated ability to consistently execute and hit targets will benefit our five MAPs.”

COO to Focus on Operational Excellence
The Market-Access Platform organizations will report to Musser in his role as COO. Musser will continue to oversee Corning’s international regions and the global manufacturing and supply management functions.

Musser’s newly appointed direct reports are:

  • John P. Bayne Jr., senior vice president and general manager, Mobile Consumer Electronics
  • Michael A. Bell, senior vice president and general manager, Optical Communications
  • Avery (Hal) Nelson III, senior vice president and general manager, Automotive
  • Ronald L. Verkleeren, senior vice president and general manager, Life Sciences
  • John Z. Zhang, senior vice president and general manager, Display

“A next generation of distinguished leaders is stepping up to deliver a well-defined set of inventions and business initiatives,” Weeks said. “I am excited about driving Corning’s future together as we continue to solve tough problems, deepen relationships with customers, and make a positive difference in the world.”   

Seite 1 von 4
Corning Aktie jetzt ab 0€ handeln - auf Smartbroker.de



Diesen Artikel teilen
Wertpapier

Mehr zum Thema
Klicken Sie auf eines der Themen und seien Sie stets dazu informiert. Mehr Informationen hier.
COVID-19TwitterSECJapanFranc


0 Kommentare

Schreibe Deinen Kommentar

Bitte melden Sie sich an, um zu kommentieren. Anmelden | Registrieren

 

Disclaimer

Meistgelesene Nachrichten des Autors

Titel
Titel
Titel
Titel

Diskussionen zu den Werten

ZeitTitel
02.06.20