Owens-Illinois CFO retires

Owens-Illinois, Inc. announced that David G. Van Hooser, senior vice-president and chief financial officer, has elected to retire from the company effective 1 November 2001, and intends to assume full…

Owens-Illinois, Inc. announced that David G. Van Hooser, senior vice-president and chief financial officer, has elected to retire from the company effective 1 November 2001, and intends to assume full-time responsibilities as chairman and chief executive officer of Harbor Capital Advisors, Inc. Concurrently, the company announced that the Owens-Illinois board of directors has elected R. Scott Trumbull, executive vice-president, to the position of chief financial officer, succeeding Van Hooser. Trumbull, aged 53, has served as executive vice-president, international operations and corporate development, since 1998. Trumbull joined Owens-Illinois in 1972 and was elected a vice-president of the company in 1986. He became director of corporate planning in 1992 and was named executive vice-president, international operations, in 1993. Van Hooser, aged 55, has served as senior vice-president and chief financial officer since 1998. He joined Owens-Illinois in 1972 and was elected a vice president of the company in 1988. He was appointed senior vice president and director of corporate strategy in 1996. A former subsidiary of Owens-Illinois, Harbor Capital Advisors continues to serve as the adviser to the pension funds of Owens-Illinois and is the adviser to the Harbor Fund family of mutual funds, which are available to Owens-Illinois employees through the company“s 401(k) plans. After Van Hooser assumes his full-time responsibilities with Harbor Capital Advisors, he also will provide consulting services to Owens-Illinois on a transitional basis. The Harbor Capital Advisors businesses were purchased from Owens-Illinois this past June by Robeco Groep N.V. The Robeco Groep is based in the Netherlands and is one of the world“s largest third-party asset managers. Prior to the transaction, Van Hooser had played an increasingly active role in the management of Harbor Capital Advisors, which was among his areas of responsibility as chief financial officer of Owens-Illinois.