O-I President Erik Bouts elected president of European Container Glass federation; Bouts succeeds Verallia Deutschland CEO Stefan Jaenecke, who led association for previous two years

BRUSSELS , June 13, 2014 (press release) – Erik Bouts, President of O-I Europe – one of Europe’s leading glass packaging companies - has been elected President of FEVE – the European Container Glass federation - at its Annual General Assembly in Venice on June 6th.

The European container glass manufacturing industry is the largest glass producer in the world and an important sector of the EU economy, creating jobs and wealth in local regions where more than 160 plants are operating across Europe.

“I look forward to working closely with FEVE members, staff, and the national associations to further develop the circular economy model which highly contributes to the competitiveness of the EU manufacturing sector. Glass is a material that has unique properties: we need to play our winning cards and continue to be the reference packaging material,” says Erik Bouts. “FEVE members have been a key driving force behind the European circular economy agenda, and I firmly believe that container glass is uniquely positioned to bring solutions to the big challenges of Resource Efficiency.”

Erik Bouts succeeds Stefan Jaenecke, CEO of Verallia Deutschland, who led the association for the previous two years.

“Stefan has done a great job in bringing the association to a new level and boosting the industry’s focus on promoting the benefits of glass as a reference packaging material,” says Erik Bouts. “I hope to build on this legacy and work with colleagues to prepare the next steps in the future of the European Container Glass industry.”

The industry employs some 50,000 people in Europe in 160 plants producing a wide range of glass packaging products for food and beverages, perfumery, cosmetics and pharmacy as well as glass tableware for European and global customers. FEVE members have plants in 23 European Member States. Container glass is one of Europe’s best recycled products. In 2012 the average glass recycling rate was 71%. See more on www.feve.org.

About Erik Bouts

Erik Bouts, was appointed president of the European operations of Owens-Illinois, Inc. on January 1, 2013 and is a member of O-I’s Global Leadership Team. Bouts has over 25 years of experience leading diverse executive management teams. Prior to joining O-I, he was CEO of the Glidden Company, part of AkzoNobel Architectural Paints Division in the USA. He also previously served as president and CEO of Phillips Lighting North America and global CEO of Phillips Electronics Razors Division. A native of the Netherlands, Bouts held various commercial roles in his native country before moving to the United States in 2002. He is Dutch; he holds a Master in Business Administration and Economics from the University of Tilburg and completed the Advanced Management Program at Harvard Business School. He is fluent in German, Dutch and English.

About Glass packaging

As packaging, glass containers assure the long-time preservation of taste and flavour, safe delivery and attractive presentation of a vast array of consumer products, supplied to European and global markets. Whether used for drinks, food, cosmetics, perfumes or pharmaceuticals, glass packaging plays a vital role in supporting European trade and commerce. Glass is 100 percent and endlessly recyclable in a closed loop, it is inert and it preserves the nutritional qualities and original taste of the products it contains. Glass is the number one packaging preferred by consumers. Visit the Friends of Glass movement on www.friendsofglass.com and become a friend of glass.

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