O-I Glass has announced that Andres Lopez will retire as Chief Executive Officer, effective May 15, 2024, following a nearly 40-year career with the Company. The Board has been working with an executive search firm to identify O-I’s next CEO as part of the Company’s long-term succession planning process. Andres is committed to supporting a seamless transition of responsibilities to his successor.
Andres joined O-I in 1986 and has held numerous leadership positions across the Company’s global operations before being named CEO in January 2016. Under his leadership, O-I has been significantly transformed into a more capable, resilient, agile and disciplined organization. Among other achievements, he successfully led the completion of a business portfolio optimization program, strengthened the balance sheet, delivered several inorganic and organic expansion projects and integrated sustainability into the business strategy. During his tenure, the Company has focused on innovation, exemplified by initiatives such as the development of its MAGMA and ULTRA technologies. This transformational journey has enabled O-I to deliver strong financial results and lay the foundation for long-term profitable growth.
“It has been a privilege to serve as CEO of O-I for these past eight years and to work alongside such a talented team for the entirety of my career,” said Andres Lopez. “We have made significant progress on our transformational journey and are well-positioned to meet the evolving requirements of the packaging market and capitalize on emerging trends. Indeed, I am extremely proud of what we have built together as we advance new standards in sustainable glass manufacturing. O-I has a bright future and I believe that breakthrough innovations like our MAGMA technology are just the beginning.”
In connection with his retirement from the Company, Andres will step down from the O-I Board of Directors at the Company’s 2024 Annual Meeting of Stockholders to be held on May 15, 2024.