Summary
Corning Incorporated (GLW) filed an 8-K report on June 7, 2007, to announce a significant change in its Board of Directors. The company's Board elected Kurt M. Landgraf as a new Director during its meeting on June 6, 2007. Mr. Landgraf's appointment is effective until the next annual shareholder meeting in April 2008, with an expectation to be nominated for a full three-year term thereafter. Mr. Landgraf brings a wealth of experience to Corning, having served as President and CEO of Educational Testing Service (ETS) since 2000, and prior to that, holding senior leadership roles at E.I. Du Pont de Nemours and Company (Du Pont). His extensive background in executive leadership and operations is expected to be a valuable asset to the Board. Notably, the Board has determined that Mr. Landgraf is independent and has no related party transactions with Corning. He has also been appointed to serve on the Audit Committee and the Corporate Relations Committee, indicating his immediate integration into key governance functions.
Key Highlights
- 1Corning Incorporated appointed Kurt M. Landgraf to its Board of Directors on June 6, 2007.
- 2Mr. Landgraf will serve as a Director until the annual shareholder meeting on April 24, 2008, with plans for a future nomination to a three-year term.
- 3Mr. Landgraf is the President and CEO of Educational Testing Service (ETS) and previously held senior executive positions at E.I. Du Pont de Nemours and Company (Du Pont).
- 4The Board has determined Mr. Landgraf to be an independent director with no related party transactions with Corning.
- 5Mr. Landgraf has been appointed to the Audit Committee and the Corporate Relations Committee of the Board.
- 6This appointment reflects a strengthening of the Board's oversight and governance expertise.