Following 2014’s strong growth of 10.7% as a result of both the FIFA World Cup and the country’s presidential election, industry experts anticipate that the Brazilian beverage segment will see a more modest increase in 2015. Looking further ahead, Euromonitor, a market research provider, projects that the 2016 Summer Olympic Games in Rio de Janeiro (Rio 2016) will boost performance of beverage packaging. As a result, companies like CROWN Embalagens Metálicas da Amazônia S.A. (Crown Brazil), a joint venture of Crown Holdings, Inc. (NYSE: CCK) (Crown) (www.crowncork.com) and Évora S.A. of Porto Alegre, Brazil, are preparing for the estimated demand by focusing on enhancing production this year.

Crown Holdings, Inc. today announced that John W. Conway, 70, has informed the Board of Directors of his decision to retire from his role as Chief Executive Officer, after 40 years with the Company, effective January 1, 2016. The Board has elected Timothy J. Donahue, 52 to assume the position of President and Chief Executive Officer effective January 1, 2016.