Crown Press Room
Press Release
PHILADELPHIA, Dec. 21 /PRNewswire/ -- Crown Cork & Seal Company, Inc. (NYSE: CCK) (Paris Bourse: CCK) announced today that Torsten J. Kreider, 36, has been promoted to Corporate Vice President, Planning & Development. He continues to report to Timothy J. Donahue, Senior Vice President, Finance.
Mr. Kreider was most recently Director, Planning & Analysis with responsibilities in the worldwide planning process as well as the Company's business development efforts and has participated in many of the transactions completed since joining the Company in 1992. In his new position, he will have an expanded role in identifying and implementing strategic alternatives.
Prior to joining the Company, Mr. Kreider was employed by Shearson Lehman Brothers' Middle Market Group, a company providing investment banking services to diverse industries. Mr. Kreider holds a B.S. degree in Economics from The Wharton School at the University of Pennsylvania. He is a Board Member and Treasurer of The William Penn Charter School Alumni Society.
Crown Cork & Seal is the leading supplier of packaging products to consumer marketing companies around the world. World headquarters are located in Philadelphia, Pennsylvania.
SOURCE Crown Cork & Seal Company, Inc.
Web site: http: //www.crowncork.com
CONTACT: Crown Cork & Seal Corporate Communications, 215-698-5351
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Crown Holdings, Inc.'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.