PHILADELPHIA, Feb. 15, 2016 /PRNewswire/ -- Crown Holdings, Inc. (NYSE: CCK) announced today that Robert H. Bourque, Jr., age 46, has been selected to become President of its Asia Pacific Division effective May 1, 2016. Mr. Bourque will succeed Jozef Salaerts, who has informed the Company of his decision to retire in the second quarter of 2016. Mr. Bourque will be based in Singapore and will report to Timothy J. Donahue, Crown's President and Chief Executive Officer.
Commenting on the transition, Mr. Donahue stated, "During his tenure, Jozef has guided the Asia Pacific Division through a period of significant growth with sales of $1.2 billion and segment income of $145 million in 2015 compared to sales and segment income of approximately $480 million and $45 million when he was appointed President of the Division in 2007. We thank Jozef for leaving us with a much stronger business and a larger footprint in the region, and we wish him well. We are fortunate to have someone of Bob's caliber ready to lead the Asia Pacific Division as it continues to grow. I am confident that the Company will continue to benefit from Bob's management skills, knowledge of our business and commitment to our customers."
Mr. Bourque is being promoted from his current position as Senior Vice President – Crown Beverage Packaging, China and Hong Kong. During his career, he has held positions of increasing responsibility within Crown's sales, manufacturing, and engineering organizations. He first joined Crown in 1993 and holds a Bachelor of Science degree in Mechanical Engineering from Southern Illinois University.
About Crown Holdings, Inc.
Crown Holdings, Inc., through its subsidiaries, is a leading supplier of packaging products to consumer marketing companies around the world. World headquarters are located in Philadelphia, PA. For more information, visit www.crowncork.com.
Cautionary Note Regarding Forward-Looking Statements
Except for historical information, all other information in this press release consists of forward-looking statements. These forward-looking statements involve a number of risks, uncertainties and other factors that may cause actual results to be materially different from those expressed or implied in the forward-looking statements. Important factors that could cause the statements made in this press release or the actual results of operations or financial condition of the Company to differ are discussed under the caption "Forward-Looking Statements" in the Company's Form 10-K Annual Report for the year ended December 31, 2014 and in subsequent filings made prior to or after the date hereof. The Company does not intend to review or revise any particular forward-looking statement in light of future events.
For more information, contact:
Thomas A. Kelly, Senior Vice President and Chief Financial Officer (215) 698-5341
Thomas T. Fischer, Vice President Investor Relations and Corporate Affairs (215) 552-3720
Ed Bisno, Bisno Communications (212) 717-7578
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SOURCE Crown Holdings, Inc.