17 September, 2020
Owens Corning Elects Alfred Festa to Board of Directors
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TOLEDO, Ohio -(BUSINESS WIRE)- Owens Corning (NYSE:OC) announced today that Alfred (Fred) E. Festa , former Chairman of W.R. Grace & Co., has been elected to the company’s Board of Directors. “We are pleased to welcome Fred to our Board of Directors,” said Brian Chambers , Chairman and Chief Executive Officer. “With his extensive leadership experience and broad skill set, he will provide valuable insights to the board and the company.” Mr. Festa served as Chairman and Chief Executive Officer of W.R. Grace & Co., a leading global producer of specialty chemicals and materials, from 2008 to 2018, and non-executive Chairman from 2018 to 2019. He joined the company as President and Chief Operating Officer in 2003 and assumed the role of CEO in 2005. Previously, he served in senior leadership positions at Morgenthaler Private Equity Partners and AlliedSignal (now Honeywell). He began his career at General Electric, where he spent 12 years in financial management positions. Since
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07 August, 2020
Owens Corning Introduces FOAMULAR® NGX Insulation
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Innovative blowing agent blend delivers 90% reduction in Global Warming Potential Owens Corning (NYSE: OC) today announced a new product line: FOAMULAR® NGX (Next Generation Extruded). The proprietary blowing agent in this new line of extruded polystyrene (XPS) foam products delivers a 90% reduction in global warming potential (GWP) without sacrificing product performance. “Architects, engineers and contractors are looking for products that help them achieve their sustainability goals and deliver the performance they need,” said Jose Manuel Canovas, General Manager, North America, XPS Foam. “The investment in developing a product that meets and exceeds the stringent regulations going into effect next year reflects Owens Corning’s commitment to offering smart building materials that merge the highest levels of performance and sustainability.” This latest addition to the company’s Insulation portfolio is Underwriters Laboratory (UL) Listed and Factory Mutual (FM) Approved, with a low
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06 August, 2020
Owens Corning Names Kenneth Parks Chief Financial Officer
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Owens Corning (NYSE: OC) announced today the appointment of Kenneth Parks as Senior Vice President and Chief Financial Officer, effective September 8, 2020. Mr. Parks will join Owens Corning from Mylan, an $11 billion global generic and specialty pharmaceuticals company, where he served for four years as CFO. “Ken is a seasoned CFO with a proven track record of leading high-performing teams and delivering results at several diverse global organizations. He will be a strong partner and significant contributor to achieving our company’s operating priorities and long-term strategy,” said Brian Chambers, Chairman and Chief Executive Officer. “I also want to thank Prith Gandhi for serving as our interim CFO. I appreciate his leadership, which has helped guide us through a challenging period.” With 35 years of experience encompassing several financial leadership roles, Mr. Parks brings to Owens Corning broad global expertise with deep functional experience and technical knowledge. As CFO of
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