Owens-Illinois (O-I), one of the world’s largest glass packaging makers, has renewed its contract with Chief Executive Officer (CEO) and Chairman, Al Stroucken.

The terms of the agreement extend O-I’s relationship with Mr Stroucken through to 30th June 2016.

Mr Stroucken was appointed CEO and Chairman in 2007 and has served as a member of O-I’s board of directors since 2005.