– USA, OH – Owens Corning (NYSE: OC) announced today the election of former Chairman of W.R. Grace & Co, Fred Festa, to its Board of Directors.
“We are pleased to welcome Fred to our Board of Directors,” said Chairman and CEO, Brian Chambers. “With his extensive leadership experience and broad skill set, he will provide valuable insights to the board and the company.”
About Fred Festa
Mr. Festa served as Chairman and CEO of W.R. Grace & Co., a leading global producer of specialty chemicals and materials, from 2008 to 2018, and a non-executive Chairman from 2018 to 2019. He joined the company as President and COO in 2003 and assumed the role of CEO in 2005. Previously, he served in senior leadership positions at Morgenthaler Private Equity Partners and AlliedSignal. He began his career at General Electric, where he spent 12 years in financial management positions.
Since 2008, Mr. Festa has also served on the Board of Directors of NVR, Inc., one the largest homebuilders in the United States, and is currently a member of its Audit Committee and Nominating and Corporate Governance Committee. He also serves as an Operating Advisor at Clayton, Dubilier & Rice, a global private equity firm with a broad portfolio.
Mr. Festa graduated with a Bachelor of Science degree in Finance from the State University of New York at Oswego. He has been appointed to serve on the Audit and Finance committees of the Owens Corning Board effective immediately.
About Owens Corning
Owens Corning is a global building and industrial materials leader. The company’s three integrated businesses are dedicated to the manufacture and advancement of a broad range of insulation, roofing and fiberglass composite materials. Leveraging the talents of 18,000 employees in 33 countries, Owens Corning provides innovative products and sustainable solutions that address energy efficiency, product safety, renewable energy, durable infrastructure, and labor productivity. These solutions provide a material difference to the company’s customers and make the world a better place. Based in Toledo, Ohio, USA, the company posted 2019 sales of $7.2 billion. Founded in 1938, it has been a Fortune 500 company for 66 consecutive years.
For more information: https://www.owenscorning.com/en-us
- Disclaimer - News, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.
