O-I elects two Board Members and appoints independent Chairman

Lopez, a 30-year veteran of O-I, has been the company's Chief Executive Officer since January this year.

Since joining the company's Colombia office in 1986, Lopez has held increasingly senior positions, including Country General Manager in Peru; Vice President of Manufacturing for O-I North America; Global Vice President of Manufacturing and Engineering; President of O-I South America; President of O-I Americas; and, most recently, Chief Operating Officer.

DeAngelo is the Chairman, President and Chief Executive Officer of HD Supply Holdings, a North American industrial distributors Previously, DeAngelo had previously been Chief Operating Officer of The Home Depot, and held leadership roles at Stanley Black & Decker and General Electric Company.

Former Board Members Thomas L. Young, who reached the mandatory retirement age for Board Members and Albert P.L. Stroucken, who retired as CEO and President at the end of 2015, did not stand for reelection.

"On behalf of the Board of Directors and our management team, I want to thank Tom and Al for their leadership, effort and support throughout their tenure on the Board. We greatly appreciate their many years of dedication and strong partnership," said Lopez.

"We also look forward to working with Joe, a proven leader who brings impressive business and industry experience that is highly relevant to O-I's future plans and opportunities."

The company has also appointed Carol A. Williams as Chairman of the Board, effective immediately. Williams takes on the role following the expiration of the Board term of Stroucken, who continued to serve as Executive Chairman following his retirement as CEO.

Before retiring in 2015, Williams enjoyed a 34-year career at Dow Chemical, holding a number of senior positions in Research and Development and Operations before serving as the Executive Vice President of Manufacturing and Engineering, Supply Chain and Environmental, Health and Safety Operations. She most recently served as the Special Advisor to the Chief Executive Officer of Dow.

Williams holds a bachelor's degree in chemical engineering from Carnegie Mellon University and serves on the university's Board of Trustees. She has been a member of O-I's Board of Directors since February 2014, serving on the Compensation and Risk Oversight committees.