Corning Appoints Three Executives to Board of Directors.Business Editors CORNING, N.Y.--(BUSINESS WIRE)--Dec. 6, 2000 Corning Incorporated Corning Incorporated NYSE: GLW is an American manufacturer of glass, ceramics and related materials, primarily for industrial and scientific applications. The company was known until 1989 as Corning Glass Works. (NYSE NYSE See: New York Stock Exchange :GLW GLW Glasgow Airport (UK) GLW Gross Laden Weight GLW Good Lady Wife (Australia) ) today elected three senior executives to its board of directors: James B. Flaws, Corning executive vice president and chief financial officer, Peter F. Volanakis, president of Corning Technologies, and Wendell P. Weeks, president of Corning Optical Communications Optical communications The transmission of speech, data, video, and other information by means of the visible and the infrared portion of the electromagnetic spectrum. . They will stand for re-election at Corning's annual meeting in 2001. James B. Flaws, 51, has been with Corning since 1973. During his tenure at Corning, Flaws has held a number of executive finance positions including treasurer, vice president of finance, senior vice president and controller. In addition to his responsibilities as chief financial officer, Flaws is also responsible for mergers and acquisitions at Corning. In the past year alone Corning has completed the acquisition of 12 technology companies totaling $10 billion, to solidify Corning's leadership position in the optical networking Communications between computers, telephones and other electronic devices using light. An optical network is far more reliable and has far greater potential transmission capacity than networking in the electrical domain. See optical fiber. space. Wendell P. Weeks, 41, joined Corning in 1983 and held a variety of senior management positions in the business development, technical products, and video products divisions before joining the Opto-Electronics Business Division in 1992. Under his leadership, Corning has emerged as a worldwide leader in the optical layer. The optical communications businesses currently represent 70% of Corning's revenues. Peter F. Volanakis, 45, joined Corning in 1982. During his nearly 20-year career at Corning, he has held a variety of senior management positions in the optical products, environmental products, cable systems and display products divisions in the U.S. and abroad. Corning's Information Display and Advanced Materials Advanced Materials is a leading peer-reviewed materials science journal published every two weeks. Advanced Materials includes Communications, Reviews, and Feature Articles from the cutting edge of materials science, including topics in chemistry, physics, sectors are responsible for producing some of today's most in-demand technologies such as glass for LCD displays, ceramics used in catalytic converters to control automobile emissions, and microarrays for DNA DNA: see nucleic acid. DNA or deoxyribonucleic acid One of two types of nucleic acid (the other is RNA); a complex organic compound found in all living cells and many viruses. It is the chemical substance of genes. research and drug development. Established in 1851, Corning Incorporated (www.corning.com) creates leading-edge technologies for the fastest-growing markets of the world's economy. Corning manufactures optical fiber, cable and photonic Dealing with light (photons). See photon and photonics. products for the telecommunications industry; and high-performance displays and components for television and other communications-related industries. The company also uses advanced materials to manufacture products for scientific, semiconductor and environmental markets. Corning's revenues in 1999 were $4.7 billion. |
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