Crown Holdings, Inc. Announces Raymond L. McGowan, Jr. as the New President of its Americas Division

Monday, December 17, 2007
Investors

PHILADELPHIA, Dec 17, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- Crown Holdings, Inc. (NYSE: CCK) (Crown) (www.crowncork.com) announced today that Raymond L. McGowan, Jr., age 55, has been selected to replace Frank J. Mechura, age 64, as President of its Americas Division effective January 1, 2008. Mr. McGowan will report to John W. Conway, Crown's Chairman and Chief Executive Officer and will be based in Philadelphia. Mr. Mechura has informed the Company of his decision to retire as of January 31, 2008.

Mr. Conway commented, "Frank's leadership over the last six years has expanded cash flow and profitability throughout the Americas Division. Further, his strong leadership skills and integrity have resulted in improved operating efficiencies and quality throughout our Americas operations. He is leaving us with a much stronger business and we wish him well."

"We are fortunate to have someone of Ray's talent and experience to lead our Americas Division. His knowledge of manufacturing operations and customer service will serve the Company and the Americas Division well."

Mr. McGowan is being promoted from his current position as President of North American Packaging. Prior to that, he served as President of Crown's North American Food Packaging business. Prior to joining Crown, he was Group Vice President of Global Consumer Products at Sonoco Products Company.

Mr. McGowan graduated from Providence College with a Bachelor's degree in Political Science and completed the Executive Management Program at the University of North Carolina.

Crown makes a wide range of metal packaging for food, beverage, personal care, household and industrial products and can making equipment. The Company's business is structured geographically within three divisions: Americas, Europe and Asia-Pacific. The Americas Division in comprised of 54 plants in 10 countries, employing approximately 6,400 people. In 2006, the Division had net sales of approximately $2.7 billion.

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, contact:

Timothy J. Donahue, Senior Vice President - Finance; Tel: (215) 698-5088.

SOURCE Crown Holdings, Inc.


 
https://www.crowncork.com

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