Corning Incorporated (NYSE: GLW) today announced that its Board of Directors has elected Martin J. Curran to the position of senior vice president and innovation officer, a new position in the company, effective Aug. 1, 2012.
Curran, 53, will report to both Wendell P. Weeks, chairman, chief executive officer and president, and Dr. David L. Morse, executive vice president and chief technology officer. Most recently, Curran served as senior vice president and general manager, Corning Optical Fiber.
Curran joined Corning in 1984 and has held several roles in finance, manufacturing, marketing, and served as senior vice president and general manager for Corning Optical Communications Hardware and Equipment Americas organization, prior to being named head of optical fiber. He received his undergraduate degree from the University of Notre Dame and a master’s degree from the University of Virginia’s Colgate Darden Graduate School of Business.
In his new role, Curran will be responsible for leading an entrepreneurial-focused organization that will operate across all business segments to identify and develop near-term revenue opportunities. A key responsibility will be streamlining the innovation process and creating faster product development and speed-to-market.
Forward-Looking and Cautionary Statements
This press release contains “forward-looking statements” (within the meaning of the Private Securities Litigation Reform Act of 1995), which are based on current expectations and assumptions about Corning’s financial results and business operations, that involve substantial risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties include: the effect of global political, economic and business conditions; conditions in the financial and credit markets; currency fluctuations; tax rates; product demand and industry capacity; competition; reliance on a concentrated customer base; manufacturing efficiencies; cost reductions; availability of critical components and materials; new product commercialization; pricing fluctuations and changes in the mix of sales between premium and non-premium products; new plant start-up or restructuring costs; possible disruption in commercial activities due to terrorist activity, armed conflict, political or financial instability, natural disasters, adverse weather conditions, or major health concerns; adequacy of insurance; equity company activities; acquisition and divestiture activities; the level of excess or obsolete inventory; the rate of technology change; the ability to enforce patents; product and components performance issues; retention of key personnel; stock price fluctuations; and adverse litigation or regulatory developments. These and other risk factors are detailed in Corning’s filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the day that they are made, and Corning undertakes no obligation to update them in light of new information or future events.
About Corning Incorporated
Corning Incorporated (www.corning.com) is the world leader in specialty glass and ceramics. Drawing on more than 160 years of materials science and process engineering knowledge, Corning creates and makes keystone components that enable high-technology systems for consumer electronics, mobile emissions control, telecommunications and life sciences. Our products include glass substrates for LCD televisions, computer monitors and laptops; ceramic substrates and filters for mobile emission control systems; optical fiber, cable, hardware & equipment for telecommunications networks; optical biosensors for drug discovery; and other advanced optics and specialty glass solutions for a number of industries including semiconductor, aerospace, defense, astronomy, and metrology.