Summary
This 8-K filing from Corning Incorporated (GLW) announces a significant leadership change in its finance department. James B. Flaws, the long-serving Vice Chairman and Chief Financial Officer, will be stepping down from his CFO role effective August 31, 2015, as part of his planned retirement later in the year. Mr. Flaws will retire completely from the company and its Board of Directors on November 30, 2015, concluding a distinguished 42-year career. Corning has appointed R. Tony Tripeny as the new Senior Vice President and Chief Financial Officer, effective September 1, 2015. Mr. Tripeny brings extensive experience within Corning, having held various finance and operational leadership roles since joining in 1985, including significant contributions to Corning Optical Communications and oversight of accounting, business control, and tax functions. This transition signals continuity in financial leadership with a seasoned internal executive.
Key Highlights
- 1James B. Flaws, Vice Chairman and CFO, will relinquish his CFO title effective August 31, 2015, in preparation for his retirement.
- 2Mr. Flaws will fully retire from Corning, including his Vice Chairman role and Board of Directors positions, on November 30, 2015.
- 3R. Tony Tripeny has been appointed Senior Vice President and Chief Financial Officer, effective September 1, 2015.
- 4Mr. Tripeny has a long tenure at Corning, starting in 1985 and holding numerous finance and operational leadership positions.
- 5Mr. Tripeny's experience includes leading finance for significant acquisitions and integrations, and overseeing key financial functions.
- 6The appointment of Mr. Tripeny suggests a focus on internal talent development for critical executive roles.