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O-I names new European President

Owens-Illinois has named Erik Bouts as the company's new President of O-I Europe.

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Effective 1st January 2013, Bouts succeeds Jose Lorente, who will leave the company after a 34-year career with O-I.

As the leader of O-I's largest region, Bouts will accelerate O-I's efforts to strengthen its leading market position in Europe.

In 2013, O-I will invest $175 million (€140 million) in its European facilities, improving quality, sustainability and capabilities to better support the growing need of European customers for more sustainable and healthy glass packaging solutions.

"Erik's experience in leading major manufacturing companies and his strong focus on execution and results will be invaluable on our journey to strengthen our competitiveness in Europe," said Al Stroucken, O-I Chairman and Chief Executive Officer. "