TOLEDO, Ohio, Feb. 7 /PRNewswire-FirstCall/ -- Owens Corning, a leading
producer of building materials and glass fiber reinforcements, announced
that its Board of Directors elected David J. Lyon to the Board on Feb. 7,
2008. Mr. Lyon is a vice president of D.E. Shaw & Co. which owns more than
10 percent of Owens Corning's outstanding stock. Mr. Lyon was elected to
fill the vacancy created by the Feb. 5, 2008 resignation of Marc Sole who
recently stepped down as a senior vice president of D.E. Shaw & Co.
"We welcome David Lyon to our Board of Directors," said Mike Thaman,
chairman and chief executive officer. "We look forward to the perspective
that he will bring to our company with his unique set of skills and
knowledge.
"We appreciate Marc Sole's leadership on the Board and his efforts on
our compensation and finance committees," said Mr. Thaman. "We wish him
every success in his new endeavors."
Mr. Lyon was named to the Finance Committee of the Board of Directors.
About Owens Corning
Owens Corning (NYSE: OC) is a world leader in building materials
systems and composite solutions. A Fortune 500 company for 53 consecutive
years, Owens Corning people redefine what is possible each day to deliver
high-quality products and services ranging from insulation, roofing and
masonry products, to glass composite materials used in transportation,
electronics, telecommunications and other high-performance applications.
Founded in 1938, Owens Corning is a market-leading innovator of glass fiber
technology with sales of $6.5 billion in 2006 and 20,000 employees in 30
countries. Additional information is available at http://www.owenscorning.com.
SOURCE Owens Corning
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Related links:
http://www.owenscorning.com
http://www.prnewswire.com/comp/677350.html /
CONTACT:
Media: Jason Saragian, +1-419-248-8987, or
Investor: Scott Deitz, +1-419-248-8935, both of Owens Corning
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