US: William W Boeschenstein, the former chairman and chief executive officer of Owens Corning has died. He joined the company in 1950 and served as chief executive officer from 1973 to 1990, and chairman from 1981 to 1990. He was the son of Owens Corning's first chief executive officer, Harold Boeschenstein. These two men led the company for more than 50 years.
"Bill's strong values and commitment to integrity created a culture that is still thriving today at Owens Corning," said Mike Thaman, Owens Corning chairman and chief executive officer. "As a former colleague and personal friend, Bill will be missed for his contributions to the company, and for his generous support to our community."
Boeschenstein graduated from Yale University and served in the US Army Air Force during World War II, prior to joining Owens Corning. Under his leadership as chief executive officer, Boeschenstein shaped both the direction of the company and its industries. During this tenure, Owens Corning grew its annual sales from approximately US$615m to approximately US$3bn. Highlights of Boeschenstein career include resisting a hostile takeover in the 1980s and maintaining the company’s independence. He was also instrumental in Owens Corning's decision to utilise the Pink Panther in its advertising to link the colour of its insulation to the cartoon character.
