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O-I Names Vitaliano Torno as Leader of European Operations

(Thomson Reuters ONE via COMTEX) --                                                                                             

FOR IMMEDIATE RELEASE                                                                

For more information, contact:

Michael Praeger                                                            Lisa Babington

Director, Corporate Communications                            Director, Corporate Communications

O-I Europe, Mex, Switzerland                                       Perrysburg, Ohio, US                     

+41 21 703 4587                                                           567 336 1445

michael.praeger@eu.o-i.com                                        lisa.babington@o-i.com

           

O-I Names Vitaliano Torno as Leader of European Operations

Perrysburg, Ohio (Jan. 20, 2015) - Owens-Illinois, Inc. (NYSE: OI), the world's leading glass container manufacturer, announced today 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 largest 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. Following O-I's acquisition of BSN in 2004, Torno was named vice president of sales and business development for O-I Europe. After serving in several commercial leadership roles for the region, he was named vice president of O-I's European country organization, a role he will maintain in his new position.

"Vitaliano has a broad understanding of the European markets and customers, and has a strong background in the glass industry," said Al Stroucken, O-I chairman and CEO. "He served as an architect of the recent restructuring in the region, so we expect he will continue the strong momentum we are experiencing in that region." 

O-I's European business comprises 8,000 employees in 10 different countries. With more than $2.8 billion (€2.1 billion) of sales in 2013, the region represents approximately 40 percent of the company's global sales.

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About O-I

Owens-Illinois, Inc. (NYSE: OI) is the world's largest glass container manufacturer and preferred partner for many of the world's leading food and beverage brands. The Company had revenues of $7.0 billion in 2013 and employs approximately 22,500 people at 77 plants in 21 countries. With global headquarters in Perrysburg, Ohio, USA, O-I delivers safe, sustainable, pure, iconic, brand-building glass packaging to a growing global marketplace. For more information, visit www.o-i.com.

O-I's Glass Is Life(TM) movement promotes the widespread benefits of glass packaging in key markets around the globe. Join us in the #betteringlass conversation at www.glassislife.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: Owens-Illinois, Inc. via Globenewswire

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O-I European Leadership 2015 - http://hugin.info/150659/R/1888322/668219.pdf

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