Corning Incorporated Names Loose President and COO, Garrity Vice Chairman.

CORNING, N.Y.--(BUSINESS WIRE)--Dec. 1, 1999--

Corning Incorporated (NYSE:GLW) today announced several changes in its executive management team, effective Jan. 1, 2000.

John W. Loose, 57, has been appointed president and chief operating officer. In his new role, Loose will lead the operations and be responsible for the performance of all of Corning's business units. He will continue as chairman of the Siecor Corporation and of Corning International Corporation.

Norman E. Garrity, 58, has been appointed vice chairman. In his new role, Garrity will have responsibility for all of Corning's non-financial corporate staff functions and will lead a company-wide effort to strengthen the firm's core business processes.

Previously, Loose and Garrity served as the company's co-chief operating officers.

In addition, Corning has appointed two executive vice presidents. Charles W. (Skip) Deneka, 55, chief technology officer, has been promoted from senior vice president to executive vice president, Science and Technology. James B. Flaws, 50, chief financial officer, has been promoted from senior vice president to executive vice president.

"The past several years have been a time of tremendous change, challenge and growth for Corning Incorporated," said Roger G. Ackerman, chairman and chief executive officer. "To sustain and build on our positive momentum, we must invest in the continuous improvement of our internal business practices. A world-class company is only as good as its core business processes. This reorganization of our senior leadership team will help us meet the next level of challenges facing our company."

Reporting to Loose are Robert L. Ecklin, 61, executive vice president, Environmental Products and Commercial Effectiveness; Sanford D. Lyons, 43, president and chief executive officer, Siecor Corporation; Randall D. Price, 52, executive vice president, Advanced Materials; Peter F. Volanakis, 44, executive vice president, Information Display Products and Science Products; and Wendell P. Weeks, 40, executive vice president, Opto-Electronics.

Reporting to Garrity are Larry Aiello Jr., 49, senior vice president international and president-Corning International Corporation; Robert A. Gilchrist, 53, senior vice president, manufacturing effectiveness and corporate quality; Kirk P. Gregg, 40, senior vice president, administration; Timothy J. Regan, 48, vice president and director-government affairs and Pamela C. Schneider, 45, senior vice president-human resources and diversity officer.

Loose joined Corning in 1964. He has held a variety of senior leadership positions in Corning's international operations, as well as with the Informational Display Group and the Corning Consumer Products Company. Prior to this appointment, Loose was co-chief operating officer and president, Corning Communications, which included worldwide responsibility for the Telecommunications Products Division, Siecor Corporation, the Photonic Technologies Division and Corning International.

Garrity joined Corning in 1966. He has led the company's manufacturing and engineering function, as well as the Electrical Products Division and Specialty Materials Group. Prior to this appointment, Garrity was co-chief operating officer and president, Corning Technologies, which included worldwide responsibility for the Optical Products Division, Environmental Products Division, Materials Technologies Division, Science Products Division, Video Operations, Advanced Display Products and U.S. Precision Lens.

Established in 1851, Corning Incorporated (www.corning.com) creates leading-edge technologies for the fastest-growing segments of the world's economy. Corning manufactures optical fiber, cable and photonic 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 1998 were $3.5 billion.