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Ferro Corp. recently announced that its Board of Directors has appointed Peter T. Thomas president and CEO, effective immediately. Thomas had served as interim president and CEO since November 2012; he previously held the position of operating vice president, Polymer and Ceramic Engineered Materials. William B. Lawrence, who had served as acting chairman of the Board since November 2012, has been named chairman of the Board.
“Peter’s leadership has been instrumental in the development and execution of our value creation strategy, which already is yielding improvements in returns, cost savings and earnings,” Lawrence said. “We are pleased to announce that, after an extensive process in which both internal and external candidates were evaluated, the Board determined that Peter is the best person to lead Ferro forward. With Peter’s strong industry experience and operational background, we are confident in his ability to maintain the company’s momentum and drive continued value creation for Ferro shareholders.”
For additional information, visit www.ferro.com.