Crown Holdings, Inc. Announces Djalma Novaes Jr. As The New President Of Its Americas Division

PHILADELPHIA, Nov. 11, 2014 /PRNewswire/ -- Crown Holdings, Inc (NYSE: CCK) announced today that Djalma Novaes Jr., age 53, has been selected to become President of its Americas Division effective January 1, 2015. Mr. Novaes will succeed Raymond L. McGowan, Jr. age 62, who has informed the Company of his decision to retire in the first quarter of 2015. Mr. Novaes will report to Timothy J. Donahue, Crown's President and Chief Operating Officer, and will be based in Philadelphia.

Commenting on the transition, Mr. Donahue stated, "Under Ray's leadership, the Americas Division has enjoyed a period of profitable growth and made significant improvements in many areas, including safety, quality and sustainability. We thank Ray for leaving us with a much stronger and larger business, and we wish him well. At the same time, we are fortunate to have someone of Djalma's caliber ready to lead the Division as it continues to grow. We are confident that his business acumen and managerial skills along with his knowledge of our manufacturing processes and dedication to customer service will be great assets for the Company."

Mr. Novaes is being promoted from his current position as President of CROWN Embalagens Metalicas da Amazonia S.A. (Crown Brazil). Mr. Novaes has held a number of positions of increasing responsibility within the Crown organization including Vice President of Operations at CROWN Beverage Packaging North America. He first joined Crown in 1998.

Mr. Novaes has a Bachelor of Science degree in Mechanical Engineering from Pontificia Universidade Catolica do Rio de Janeiro and an MBA from Fundacao Getulio Vargas in Sao Paulo.

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, Pennsylvania. 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, 2013 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
Edward J. Bisno, Bisno Communications, (212) 717-7578

SOURCE Crown Holdings, Inc.