Ferro Corporation Announces Director Elections
CLEVELAND--(BUSINESS WIRE)-- Ferro Corporation (FOE), a leading global supplier of technology-based performance materials for manufacturers, announced that on Friday, April 27 its shareholders elected Peter T. Kong to its board of directors, with a term ending in 2015.
Mr. Kong, 61, is President of the Global Components business segment of Arrow Electronics, Inc., a global provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. He has served in this role since 2009 and previously was President of Arrows Asia-Pacific components business, overseeing strategy and operations in 11 countries and territories in the region.
From 1998 to 2006, Mr. Kong was President of Asia-Pacific Operations for Lear Corporation, a global automotive supplier, where he developed and implemented the companys Asia-Pacific growth strategy. From 1993 to 1998, he was President of MAPS International, Inc., a consulting firm specializing in business development, strategic planning and operations management. Earlier in his career, he held leadership roles with automotive systems supplier Magna International, Inc., as well as Domtar, Inc. and Esso Chemicals.
Mr. Kong holds a masters degree in business administration from the University of Toronto, a masters degree in chemical engineering from the University of Wisconsin, and a bachelors degree in chemical engineering from Washington State University.
Ferros shareholders also re-elected to the board of directors Jennie S. Hwang, Ph.D. and James F. Kirsch. William J. Sharp, a director since 1998, retired from the board of directors on April 27, consistent with the Companys Corporate Governance Principles.
About Ferro Corporation
Ferro Corporation (www.ferro.com) is a leading global supplier of technology-based performance materials for manufacturers. Ferro materials enhance the performance of products in a variety of end markets, including electronics, solar energy, telecommunications, pharmaceuticals, building and renovation, appliances, automotive, household furnishings, and industrial products. Headquartered in Cleveland, Ohio, the Company has approximately 5,100 employees globally and reported 2011 sales of $2.2 billion.
David Longfellow, 216-875-5488
Director, Investor Relations
Mary Abood, 216-875-5401
Director, Corporate Communications
Source: Ferro CorporationCopyright Business Wire 2012