CROWN HOLDINGS, INC. ELECTS TIMOTHY J. DONAHUE AS CHAIRMAN OF THE BOARD

Rhea-AI Summary

Crown Holdings, Inc. (NYSE: CCK) has appointed Timothy J. Donahue, currently the President and CEO, as Chairman of the Board, replacing John W. Conway. Donahue has been with the company since 1990 and has served as CEO since 2016. Conway, who held the Chairman position since 2001, played an essential role in the company's leadership for decades.

Crown Holdings is a prominent global supplier of rigid packaging products and services. This leadership change signifies a continuity in strategic management as Donahue takes the helm in guiding the company's future direction.

Positive

• Timothy J. Donahue's extensive experience with the company could provide strong leadership continuity.
• The promotion of Donahue reflects a stable organizational structure, which is favorable for investor confidence.

Negative

• None.

YARDLEY, Pa., May 2, 2022 /PRNewswire/ -- Crown Holdings, Inc. (NYSE: CCK) announced today that its Board of Directors has elected Timothy J. Donahue, President and Chief Executive Officer, as its Chairman.

Mr. Donahue, in his current role since 2016 and with the Company since 1990, replaces John W. Conway in the Chairman's role.  Mr. Conway, the previous President and Chief Executive Officer from 2000 through 2015, served at Crown since 1974 and as Board Chairman since 2001.

About Crown Holdings, Inc.

Crown Holdings, Inc., through its subsidiaries, is a leading global supplier of rigid packaging products to consumer marketing companies, as well as transit and protective packaging products, equipment and services to a broad range of end markets.  World headquarters are located in Yardley, Pennsylvania.  For more information, visit www.crowncork.com.

For more information, contact:
Thomas T. Fischer, Vice President, Investor Relations and Corporate Affairs, (215) 552-3720

 

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SOURCE Crown Holdings, Inc.

FAQ

Who is the new Chairman of Crown Holdings, Inc.?

Timothy J. Donahue has been elected as the new Chairman of Crown Holdings, Inc.

What position did Timothy J. Donahue hold before becoming Chairman?

Before becoming Chairman, Timothy J. Donahue was the President and CEO of Crown Holdings, Inc.

Who did Timothy J. Donahue replace as Chairman?

Timothy J. Donahue replaced John W. Conway as Chairman of Crown Holdings, Inc.

When was Timothy J. Donahue elected as Chairman?

Timothy J. Donahue was elected as Chairman on May 2, 2022.

What is the stock symbol for Crown Holdings, Inc.?

The stock symbol for Crown Holdings, Inc. is CCK.