(RTTNews) -
Corning Inc. (GLW:
News ) announced its plan to consolidate its Environmental Technologies segment into a leaner and more efficient organization, and align the business to a smaller global automotive market and North American trucking industry. The reorganization will consolidate the management structure of two divisional operations into one integrated business unit.
The company announced that the new organization would be led by Thomas Hinman, senior vice president and general manager, Environmental Technologies.
The company said that it does not expect to see a return to more normal automotive or truck vehicle production levels until at least 2011 or 2012.
Over the next several weeks, the new management team will identify and implement organizational efficiencies to reduce layers of management.
In Corning Specialty Materials, Curt Weinstein has been named vice president and general manager, Advanced Optics. In Corning Life Sciences, Mark Beck has been elected senior vice president; Thomas Appelt has been named vice president and general manager, Corning Life Sciences Base Business.
In Corning Cable Systems EMEA, Gilbert Chorosz will become managing director following the retirement of Malcolm Barnett in October.In Procurement and Transportation, Mills Kenan has been elected vice president in anticipation of the retirement of Senior Vice President Tom Blumer in October.
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by RTT Staff Writer
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