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O-I Glass (NYSE:OI) Earnings Call Presentation
2026-02-25 12:00
CAPITAL MARKETS PRESENTATION 1Q 2026 SAFE HARBOR COMMENTS AND FORWARD-LOOKING STATEMENTS 2 This presentation contains "forward-looking" statements related to O-I Glass, Inc. ("O-I Glass" or the "Company") within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and Section 27A of the Securities Act of 1933, as amended. Forward-looking statements reflect the Company's current expectations and projections about future events at the time, and thus involve uncer ...
Verallia initiates review of European sites amid demand slowdown
Yahoo Finance· 2026-02-18 11:08
Verallia Group is evaluating changes to its European operations in response to weakening demand for glass packaging. The company is assessing possible site closures and production adjustments across Germany, France, and the UK. In a statement, Verallia outlined several proposals. In Germany, subdued demand in the region is leading the company to consider closing its Essen site, which could result in the loss of around 300 jobs. Production from Essen would be redistributed to facilities in Bad Wurzach, N ...
Verallia appoints Cristina Riesgo as CFO
Yahoo Finance· 2026-01-06 11:50
Company Overview - Verallia has appointed Cristina Riesgo as its new Chief Financial Officer (CFO), effective March 1, 2026, succeeding Nathalie Delbreuve [1] - The company operates 35 glass production sites across 12 countries, employing nearly 11,000 people [6] Leadership Experience - Cristina Riesgo brings over 20 years of financial experience from various international companies, starting her career at General Electric (GE) [1][2] - At GE, she held several global leadership roles, including head of controlling, financial planning and analysis leader, and CFO for Supply Chain Factories [2] Recent Role - Prior to joining Verallia, Riesgo served as CFO of the Onshore division at Siemens Gamesa, managing financial operations for a $6 billion (€5.12 billion) business [3] Strategic Goals - Riesgo aims to ensure robust financial governance and drive initiatives for profitable and sustainable growth at Verallia [4] - The company’s CEO, Patrice Lucas, expressed confidence in Riesgo's leadership to support the group's growth plans and strategic objectives, aligning with its purpose to "reimagine glass for a sustainable future" [5] Event Postponement - Due to Riesgo's scheduled start date, Verallia has postponed its Capital Market Day from January 2026 to the third quarter of the year to facilitate her transition [6]
Glass packaging entity Vetropack names new CEO
Yahoo Finance· 2026-01-06 11:06
Group 1 - Vetropack Group has appointed Lukas Burkhardt as CEO, effective January 1, 2026, succeeding Johann Reiter who retired after leading the company since 2018 [1][4] - Burkhardt has extensive experience, having been on the management board at Gerresheimer since 2018 and previously held positions at Audi and Rieter Automotive Group, focusing on operations in Asia [1][2] - Burkhardt expressed enthusiasm for his new role, highlighting Vetropack's potential as a traditional company with expertise in sustainable packaging solutions [3][2] Group 2 - The chairman of Vetropack's board, Claude Cornaz, stated that Burkhardt is the first-choice candidate for CEO, bringing industry knowledge and fresh ideas to the company [3][4] - Under Reiter's leadership, Vetropack introduced thermally tempered lightweight glass bottles and developed Strategy 2030+, focusing on internationalization and strategic realignment [3][4]
O-I Glass, Inc. (OI) Presents at Citigroup 2025 Basic Materials Conference Transcript
Seeking Alpha· 2025-12-03 18:43
Company Overview - O-I Glass is a global leader in glass packaging, servicing many of the world's top food and beverage brands across over 74 countries with a workforce of 21,000 employees [3] - The company operates in both mainstream and premium categories, generating approximately $6.5 billion in revenue [3] Strategic Initiatives - O-I Glass is undergoing a transformation to regain its competitive edge, which has been affected by an inflated cost base [3] - The company has implemented a program called "Fit to Win," aimed at eliminating waste and inefficiencies, with the goal of improving earnings and cash flow while investing in profitable growth [3][4] - The approach of "Fit to Win" is structured into three horizons, focusing on getting fit, stripping waste, and directing savings towards enhancing earnings and customer growth [3]
Long-Serving Director Alan J. Murray Retiring; Eugenio Garza y Garza and Iain J.
GlobeNewswire News Room· 2025-05-14 20:15
Group 1 - O-I Glass, Inc. announced the retirement of Alan J. Murray from its Board of Directors after many years of service [1][2] - At the Annual Meeting, 11 director nominees were elected for one-year terms, including new members Eugenio Garza y Garza and Iain J. Mackay [1] - The company expressed gratitude for Mr. Murray's service and welcomed the new board members, highlighting their extensive global business and financial reporting expertise [2] Group 2 - O-I Glass is a leading producer of glass bottles and jars, emphasizing the sustainability and recyclability of glass as a packaging material [3] - The company achieved net sales of $6.5 billion in 2024 and operates approximately 69 plants in 19 countries with a diverse team of around 21,000 employees [3]