Owens Corning Sharpens Focus On Growing Business Areas With Organization Realignment
TOLEDO, OHIO (Friday, September 16, 2005) -
Owens Corning President and Chief Executive Officer Dave Brown today announced changes within the company that will align talented leadership with key opportunities important to the company's sustained growth.
New Cultured Stone President Reports to CEO Chuck Stein has been named President of our Cultured Stone business, reporting to Brown. Stein was formerly Vice President and General Manager of Owens Corning Construction Services (OCCS). Cultured Stone was previously part of the Exterior Systems Business (ESB). "We are very excited about the growth potential for Cultured Stone. The decision to elevate the business will allow for greater focus and speed to take the business to the next level. Chuck's background leading high-growth businesses and prior experience in the brick industry makes him an ideal person for this position," said Brown. Ron Ranallo, Vice President and Controller for OCCS, will be the acting Vice President and General Manager of OCCS until a successor is named and will report to Brown.
Roofing and Asphalt Business Under this realignment, the Exterior Systems Business will now be named Roofing and Asphalt. Sheree Bargabos, previously president of ESB will serve as President of Roofing and Asphalt, reporting to Brown. "Focusing this business on roofing and asphalt will allow us to better meet the needs of these exciting and demanding markets and accelerate our results," Brown explained. "Naming this business Roofing and Asphalt more clearly communicates the focus and product offerings."
New Siding Solutions Business President Brian Chambers has been appointed President of the Siding Solutions Business (SSB), reporting to Brown. Chambers was formerly the Vice President and General Manager of Residential Roofing. Chambers will focus on the development of new and innovative products in the exterior cladding category while driving out waste and effectively managing raw material costs. "Brian's successful track record in various roles makes him the right choice to lead this important business area," said Brown. SSB consists of vinyl siding manufacturing as well as Norandex Reynolds distribution. Chambers replaces Dan Dietzel, who has decided to leave the company. "Our special thanks go out to Dan for his contributions and all he has done for our company," said Brown.
Glass Mat and Wet Chop Joins Composite Solutions Business Effective immediately, the ESB wet-formed mat and wet chop businesses will move to the Composite Solutions Business (CSB). "We believe the consolidation of all glass mat, veil and wet chop within CSB allows us to gain synergies in the marketplace and drive out waste within our organization," added Brown.
Owens Corning is a world leader in building materials systems and composites systems. Additional information is available on Owens Corning's Web site at http://www.owenscorning.com or by calling the company's toll-free general information line: 1-800-GET PINK.
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COMPANY INFORMATION
Owens Corning Basement Finishing System
One Owens Corning Pkwy.
Toledo,
OH
Phone: (419)248-6843
Fax: (419)325-1192
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