Summary
Corning Incorporated filed an 8-K on December 1, 2010, reporting changes to its Board of Directors. The key event is the election of Glenn F. Tilton to the Board, effective November 30, 2010. Mr. Tilton was nominated by the Board Nominating and Corporate Governance Committee and was deemed independent with no related party transactions. He has been appointed to the Audit Committee and the Corporate Relations Committee, indicating an active role on the board. Additionally, the filing confirms the retirement of Peter F. Volanakis from the Board of Directors, effective December 1, 2010, concluding his ten-year tenure. This follows a previous announcement in July 2010. Mr. Volanakis will also be retiring from his executive roles as President and Chief Operating Officer by the end of December 2010, after 28 years of service to the company. These board changes suggest a transition in leadership and governance.
Key Highlights
- 1Election of Glenn F. Tilton to Corning's Board of Directors, effective November 30, 2010.
- 2Mr. Tilton qualified as independent and has no related party transactions with the company.
- 3Mr. Tilton has been appointed to serve on the Audit Committee and the Corporate Relations Committee.
- 4Retirement of Peter F. Volanakis from the Board of Directors, effective December 1, 2010, after 10 years.
- 5Mr. Volanakis will also retire as President and Chief Operating Officer by December 31, 2010.
- 6The filing includes a press release dated November 30, 2010, detailing these appointments and retirements.