The Lead Independent Director on the Owens-Illinois (O-I) Board of Directors, Corbin A. McNeill, Jr., has resigned due to personal reasons.

O-I’s CEO and Board Chairman Al Stroucken said: “Mr Corbin has been a great leader of our Board for many years. As our Lead Director, he challenged, encouraged and supported O-I through multiple years of change and development. I personally learned a great deal from him, and know I can speak on behalf of the entire Board when I say he will be missed. We wish him the very best.” 

In response to Mr. McNeill’s resignation, the Board has selected Peter S. Hellman, current Chair of the Board’s audit committee, as its interim Lead Independent Director. Mr Hellman has been a member of the O-I Board since 2007, and will continue to chair the audit committee.

O-I also announces that Mr Hari N. Nair has been appointed to the O-I Board of Directors. Mr Nair is Chief Operating Officer at Tenneco Inc., a $7.4 billion global manufacturer of clean air and ride performance products and systems for the automotive and commercial vehicle markets.