O-I Glass, Inc., through its subsidiaries, manufactures and sells glass containers to food and beverage manufacturers primarily in the Americas, Europe, and the Asia Pacific. The company produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine. It is also involved in the production of glass packaging for various food items, soft drinks, tea, juices, and pharmaceuticals. The company offers glass containers in a range of sizes, shapes, and colors. It sells its products directly to customers under annual or multi-year supply agreements, as well as through distributors. The company was founded in 1903 and is headquartered in Perrysburg, Ohio.
IPO Year:
Exchange: NYSE
Website: o-i.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/17/2024 | $14.00 → $16.00 | Neutral → Buy | BofA Securities |
| 4/19/2024 | $21.00 → $16.00 | Buy → Neutral | BofA Securities |
| 1/16/2024 | $26.00 | Buy | UBS |
| 1/3/2024 | $17.00 → $18.00 | Buy → Neutral | Citigroup |
| 10/11/2023 | $19.00 → $18.00 | Underweight → Equal Weight | Barclays |
| 9/13/2023 | $21.00 → $22.00 | Outperform → Neutral | Credit Suisse |
| 2/2/2023 | $20.00 → $34.00 | Sector Perform → Outperform | RBC Capital Mkts |
| 1/9/2023 | $18.00 → $24.00 | Equal Weight → Overweight | Wells Fargo |
| 1/4/2023 | $15.00 → $22.00 | Neutral → Buy | Citigroup |
| 7/11/2022 | $15.00 → $13.00 | Equal Weight → Underweight | Barclays |
4 - O-I Glass, Inc. /DE/ (0000812074) (Issuer)
4 - O-I Glass, Inc. /DE/ (0000812074) (Issuer)
4 - O-I Glass, Inc. /DE/ (0000812074) (Issuer)
UBS analyst Curt Woodworth maintains O-I Glass (NYSE:OI) with a Buy and lowers the price target from $26 to $18.
Wells Fargo analyst Gabe Hajde maintains O-I Glass (NYSE:OI) with a Overweight and lowers the price target from $19 to $18.
Citigroup analyst Anthony Pettinari maintains O-I Glass (NYSE:OI) with a Neutral and lowers the price target from $14 to $12.
The most oversold stocks in the materials sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro. Here's the latest list of major oversold players in this sector, having an RSI near or below 30. Ball Corp (NYSE:BALL) On June 25, Truist Securities analyst Michael Roxland upgraded Ball from Hold to Buy and raised the price
O-I Glass, Inc. ("O-I Glass" or "O-I") and GridBeyond plan to implement a groundbreaking battery storage solution at O-I's Alloa, UK facility. The innovative 8MW battery system and supporting energy management system (EMS) leverages artificial intelligence to significantly enhance energy efficiency, resilience and sustainability. "Our energy strategy is grounded in resilience, innovation, and transformation, to embrace cutting-edge solutions that are scalable and sustainable," said Randy Burns, Chief Sustainability and Corporate Affairs Officer for O-I. "
The most oversold stocks in the materials sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro. Here's the latest list of major oversold players in this sector, having an RSI near or below 30. Steel Dynamics Inc (NASDAQ:STLD) On May 20, Jefferies analyst Christopher LeFemina initiated coverage on Steel Dynamics with a
The most oversold stocks in the materials sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro. Here's the latest list of major oversold players in this sector, having an RSI near or below 30. James Hardie Industries plc (NYSE:JHX) On May 20, James Hardie Industries reported worse-than-expected fourth-quarter financial
The net proceeds to OBGC from the Offering are expected to be approximately $297 million, after deducting commissions but before offering expenses payable by OBGC. OBGC's obligations under the Notes will be guaranteed on a joint and several basis by Owens-Illinois Group, Inc. ("OI Group") and certain U.S. domestic subsidiaries of OI Group that are guarantors under OI Group's credit agreement. The Offering is expected to close on May 30, 2024, subject to the satisfaction of customary closing conditions
O-I Glass, Inc. (the "Company") announced that OI European Group B.V. ("OIEG"), an indirect wholly owned subsidiary of the Company, intends to offer, subject to market and other conditions, €400 million aggregate principal amount of its senior notes due 2029 (the "Notes") in a private offering (the "Offering") to eligible purchasers under Rule 144A and Regulation S of the U.S. Securities Act of 1933, as amended (the "Securities Act"). OIEG's obligations under the Notes will be guaranteed on a joint and several basis by Owens Illinois Group, Inc. ("OI Group") and certain U.S. domestic subsidiaries of OI Group that are guarantors under OI Group's credit agreement. OIEG expects to use the ne
4 - O-I Glass, Inc. /DE/ (0000812074) (Issuer)
3 - O-I Glass, Inc. /DE/ (0000812074) (Issuer)
3 - O-I Glass, Inc. /DE/ (0000812074) (Issuer)
4 - O-I Glass, Inc. /DE/ (0000812074) (Issuer)
4 - O-I Glass, Inc. /DE/ (0000812074) (Issuer)
4 - O-I Glass, Inc. /DE/ (0000812074) (Issuer)
3 - O-I Glass, Inc. /DE/ (0000812074) (Issuer)
4 - O-I Glass, Inc. /DE/ (0000812074) (Issuer)
4 - O-I Glass, Inc. /DE/ (0000812074) (Issuer)
4 - O-I Glass, Inc. /DE/ (0000812074) (Issuer)
BofA Securities upgraded O-I Glass from Neutral to Buy and set a new price target of $16.00 from $14.00 previously
BofA Securities downgraded O-I Glass from Buy to Neutral and set a new price target of $16.00 from $21.00 previously
UBS initiated coverage of O-I Glass with a rating of Buy and set a new price target of $26.00
Citigroup downgraded O-I Glass from Buy to Neutral and set a new price target of $18.00 from $17.00 previously
Barclays upgraded O-I Glass from Underweight to Equal Weight and set a new price target of $18.00 from $19.00 previously
Credit Suisse downgraded O-I Glass from Outperform to Neutral and set a new price target of $22.00 from $21.00 previously
RBC Capital Mkts upgraded O-I Glass from Sector Perform to Outperform and set a new price target of $34.00 from $20.00 previously
Wells Fargo upgraded O-I Glass from Equal Weight to Overweight and set a new price target of $24.00 from $18.00 previously
Citigroup upgraded O-I Glass from Neutral to Buy and set a new price target of $22.00 from $15.00 previously
Barclays downgraded O-I Glass from Equal Weight to Underweight and set a new price target of $13.00 from $15.00 previously
8-K - O-I Glass, Inc. /DE/ (0000812074) (Filer)
10-Q - O-I Glass, Inc. /DE/ (0000812074) (Filer)
8-K - O-I Glass, Inc. /DE/ (0000812074) (Filer)
8-K - O-I Glass, Inc. /DE/ (0000812074) (Filer)
8-K - O-I Glass, Inc. /DE/ (0000812074) (Filer)
8-K - O-I Glass, Inc. /DE/ (0000812074) (Filer)
10-Q - O-I Glass, Inc. /DE/ (0000812074) (Filer)
8-K - O-I Glass, Inc. /DE/ (0000812074) (Filer)
8-K - O-I Glass, Inc. /DE/ (0000812074) (Filer)
11-K - O-I Glass, Inc. /DE/ (0000812074) (Filer)
PERRYSBURG, Ohio, Oct. 29, 2024 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASE Rapidly Implementing Fit To Win Priorities to Drive Improved Performance in 2025 and BeyondBusiness Returned to Modest Sales Volume Growth, Despite Sluggish Market ConditionsUpdating 2024 Business Outlook Amid Continued Muted Demand and Consumer Uncertainty O-I Glass, Inc. ("O-I") (NYSE:OI) today reported financial results for the third quarter ended September 30, 2024. Net Earnings (Loss) Attributable to the Company Per Share (Diluted)Earnings (Loss) Before Income Taxes$M3Q243Q233Q243Q23Reported($0.52)$0.32($57)$82 Adjusted Earnings (Loss)Earnings Per Share (Diluted)Segment Operati
PERRYSBURG, Ohio , Oct. 02, 2024 (GLOBE NEWSWIRE) -- O-I Glass, Inc. (NYSE:OI) has scheduled its third quarter 2024 conference call and webcast for Wednesday, October 30, 2024, at 8 a.m. EDT. The Company's news release for the third quarter 2024 earnings will be issued after the market closes on Tuesday, October 29. What: O-I Conference Call and WebcastEarnings presentation materials will also be posted on the O-I website, www.o-i.com/investors, when the earnings news release is issued. When: Wednesday, October 30, 2024, at 8 a.m. EDT Where: https://events.q4inc.com/attendee/641373143 or at www.o-i.com/investors, Events and Presentations page The webcast will be
PERRYSBURG, Ohio, Aug. 26, 2024 (GLOBE NEWSWIRE) -- O-I Glass, Inc. ("O-I Glass" or "O-I") today announced the Company will participate in UBS Global Materials Conference on Wednesday, September 4, 2024. O-I Glass Chief Executive Officer Gordon Hardie and Chief Financial Officer John Haudrich will present at 3:30 p.m. ET. A live webcast of the presentation will be available at: https://event.webcasts.com/viewer/event.jsp?ei=1685068&tp_key=3c947d5317 The replay will be available through the above link within 24 hours of the presentation and will be archived for 90 days following the completion of the conference. Slides from the presentation will be posted on the Company's website, www.o
PERRYSBURG, Ohio, July 30, 2024 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASE O-I Glass, Inc. ("O-I") (NYSE:OI) today reported financial results for the second quarter ended June 30, 2024. Net Earnings Attributable to the Company Per Share (Diluted)Earnings Before Income Taxes$M2Q242Q232Q242Q23Reported$0.36$0.69$104$154 Adjusted EarningsEarnings Per Share (Diluted)Segment Operating Profit$M2Q242Q232Q242Q23Non - GAAP$0.44$0.88$233$326 "It is a privilege to be O-I's new CEO. I have spent my career serving the food and beverage industries across the world. I have always appreciated the role of glass packaging in food safety and brand building. O-I
PERRYSBURG, Ohio, July 03, 2024 (GLOBE NEWSWIRE) -- O-I Glass, Inc. (NYSE:OI) has scheduled its second quarter 2024 conference call and webcast for Wednesday, July 31, 2024, at 8 a.m. EDT. The Company's news release for the second quarter 2024 earnings will be issued after the market closes on Tuesday, July 30. What: O-I Conference Call and WebcastEarnings presentation materials will also be posted on the O-I website, www.o-i.com/investors, when the earnings news release is issued. When: Wednesday, July 31, 2024, at 8 a.m. EDT Where: https://events.q4inc.com/attendee/100826621 or at www.o-i.com/investors, Events and Presentations page The webcast will be archived a
Delivering the next step towards long-term global sustainability targets Investment of approximately $150 million in the Alloa site over the next two years Perrysburg, Ohio, July 02, 2024 (GLOBE NEWSWIRE) -- O-I Glass, Inc. ("O-I Glass" or "O-I") plans a major transformation of its Alloa, UK manufacturing plant into an even more technologically advanced facility with an expected significant reduction in CO2 emissions. Over the next two years, the company plans to invest approximately $150 million in a series of upgrades to the site. The transformation includes a rebuild of one of its existing furnaces, featuring state-of-the art technology and improved sustainabilit
Process innovations save more than 24,400 tons of glass and approximately13,120 tons of CO2 through lightweighting More than 100 energy reduction projects eliminated over 34,950 tons of CO2 emissions Climate strategy has driven a nearly 20 percent reduction in scope 1 & 2 emissions since 2017 base year PERRYSBURG, OHIO, June 27, 2024 (GLOBE NEWSWIRE) -- O-I Glass, Inc. ("O-I Glass" or "O-I") announced today the company has published its 2024 Sustainability Report Update, highlighting key progress toward its ambitious sustainability goals driven by innovation and transformation. "For O-I Glass, the road to sustainability is paved by innovation," said Randy Burns, Chief Sustain
PERRYSBURG, OH/ALLOA, UK, June 25, 2024 (GLOBE NEWSWIRE) -- - O-I Glass, Inc. ("O-I Glass" or "O-I") and GridBeyond plan to implement a groundbreaking battery storage solution at O-I's Alloa, UK facility. The innovative 8MW battery system and supporting energy management system (EMS) leverages artificial intelligence to significantly enhance energy efficiency, resilience and sustainability. "Our energy strategy is grounded in resilience, innovation, and transformation, to embrace cutting-edge solutions that are scalable and sustainable," said Randy Burns, Chief Sustainability and Corporate Affairs Officer for O-I. " By strategically charging and discharging the battery based on gri
Hybrid flex technology and heat recovery systems to advance sustainability First O-I plant globally to feature hybrid furnace Flexibility to operate furnace with 30% - 70% electricity 43% less on-site CO2 emissions from hybrid-flex technology PERRYSBURG, OH/VEAUCHE, FRANCE, June 18, 2024 (GLOBE NEWSWIRE) -- O-I Glass, Inc. ("O-I Glass" or "O-I") plans to invest approximately $65 Million into the electrification and decarbonization of its plant in Veauche, France. As the first O-I plant globally to use this technology, one of its two furnaces will be fully renovated and equipped with state-of-the-art hybrid-flex technology. This leading-edge innovation establishes fl
Transformative mobile equipment brings glass recycling solutions to untapped markets Movable on a truck bed, the modular system enables full-service, closed-loop recycling programs A single system can process up to 6,000 MT in a year Perrysburg, Ohio, June 06, 2024 (GLOBE NEWSWIRE) -- O-I Glass, Inc. ("O-I Glass" or "O-I" has completed the development and testing of a transformative, low-cost mobile glass processing machine that is easily transported and deployed to clean and crush recycled glass to be used as recycled content. Dubbed "MOGRA" (MOblie Glass Recycling Asset), the mobile processing system creates opportunities to recycle glass into furnace-ready glass where there was
PERRYSBURG, Ohio, Oct. 29, 2024 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASE Rapidly Implementing Fit To Win Priorities to Drive Improved Performance in 2025 and BeyondBusiness Returned to Modest Sales Volume Growth, Despite Sluggish Market ConditionsUpdating 2024 Business Outlook Amid Continued Muted Demand and Consumer Uncertainty O-I Glass, Inc. ("O-I") (NYSE:OI) today reported financial results for the third quarter ended September 30, 2024. Net Earnings (Loss) Attributable to the Company Per Share (Diluted)Earnings (Loss) Before Income Taxes$M3Q243Q233Q243Q23Reported($0.52)$0.32($57)$82 Adjusted Earnings (Loss)Earnings Per Share (Diluted)Segment Operati
PERRYSBURG, Ohio , Oct. 02, 2024 (GLOBE NEWSWIRE) -- O-I Glass, Inc. (NYSE:OI) has scheduled its third quarter 2024 conference call and webcast for Wednesday, October 30, 2024, at 8 a.m. EDT. The Company's news release for the third quarter 2024 earnings will be issued after the market closes on Tuesday, October 29. What: O-I Conference Call and WebcastEarnings presentation materials will also be posted on the O-I website, www.o-i.com/investors, when the earnings news release is issued. When: Wednesday, October 30, 2024, at 8 a.m. EDT Where: https://events.q4inc.com/attendee/641373143 or at www.o-i.com/investors, Events and Presentations page The webcast will be
PERRYSBURG, Ohio, July 30, 2024 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASE O-I Glass, Inc. ("O-I") (NYSE:OI) today reported financial results for the second quarter ended June 30, 2024. Net Earnings Attributable to the Company Per Share (Diluted)Earnings Before Income Taxes$M2Q242Q232Q242Q23Reported$0.36$0.69$104$154 Adjusted EarningsEarnings Per Share (Diluted)Segment Operating Profit$M2Q242Q232Q242Q23Non - GAAP$0.44$0.88$233$326 "It is a privilege to be O-I's new CEO. I have spent my career serving the food and beverage industries across the world. I have always appreciated the role of glass packaging in food safety and brand building. O-I
PERRYSBURG, Ohio, July 03, 2024 (GLOBE NEWSWIRE) -- O-I Glass, Inc. (NYSE:OI) has scheduled its second quarter 2024 conference call and webcast for Wednesday, July 31, 2024, at 8 a.m. EDT. The Company's news release for the second quarter 2024 earnings will be issued after the market closes on Tuesday, July 30. What: O-I Conference Call and WebcastEarnings presentation materials will also be posted on the O-I website, www.o-i.com/investors, when the earnings news release is issued. When: Wednesday, July 31, 2024, at 8 a.m. EDT Where: https://events.q4inc.com/attendee/100826621 or at www.o-i.com/investors, Events and Presentations page The webcast will be archived a
PERRYSBURG, Ohio, April 30, 2024 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASE O-I Glass, Inc. ("O-I") (NYSE:OI) today reported financial results for the first quarter ended March 31, 2024. Net Earnings Attributable to the Company Per Share (Diluted)Earnings Before Income Taxes$M1Q241Q231Q241Q23Reported$0.45$1.29$117$270 Adjusted EarningsEarnings Per Share (Diluted)Segment Operating Profit$M1Q241Q231Q241Q23Non - GAAPN/A (no adjustments reported)N/A (no adjustments reported)$235$398 "As expected, our first quarter net earnings per share (diluted) were down from historically high performance in the prior year quarter. Lower results primarily reflected the current mar
PERRYSBURG, Ohio, April 03, 2024 (GLOBE NEWSWIRE) -- O-I Glass, Inc. (NYSE:OI) has scheduled its first quarter 2024 conference call and webcast for Wednesday, May 1, 2024, at 8 a.m. EDT. The Company's news release for the first quarter 2024 earnings will be issued after the market closes on Tuesday, April 30. What: O-I Conference Call and WebcastEarnings presentation materials will also be posted on the O-I website, www.o-i.com/investors, when the earnings news release is issued. When: Wednesday, May 1, 2024, at 8 a.m. EDT Where: https://events.q4inc.com/attendee/107915242 or at www.o-i.com/investors, Events and Presentations page The webcast will be archived at
PERRYSBURG, Ohio, Feb. 06, 2024 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASE O-I Glass, Inc. ("O-I") (NYSE:OI) today reported financial results for the full year and fourth quarter ended December 31, 2023. Full Year 2023 Results Net Earnings (Loss) Attributable toTo the CompanyEarnings Per Share (Diluted)Earnings Before Income Taxes$MCash Provided by Operating Activities$MFY23FY22FY23FY22FY23FY22Reported($0.67)$3.67$67$805$818$154 Adjusted EarningsEarnings Per Share (Diluted)Segment Operating Profit$MFree Cash Flow $MFY23FY22FY23FY22FY23FY22Non - GAAP$3.09(Guidance: ~ $3.00)$2.30$1,193$960$130(Guidance: $100-$150)$236 "I'm pleased to report strong 2023 perf
PERRYSBURG, Ohio, Jan. 11, 2024 (GLOBE NEWSWIRE) -- O-I Glass, Inc. (NYSE:OI) has scheduled its full year and fourth quarter 2023 conference call and webcast for Wednesday, February 7, 2024, at 8 a.m. EST. The Company's news release for the full year and fourth quarter 2023 earnings will be issued after the market closes on Tuesday, February 6. What: O-I Conference Call and WebcastEarnings presentation materials will also be posted on the O-I website, www.o-i.com/investors, when the earnings news release is issued. When: Wednesday, February 7, 2024, at 8 a.m. EST Where: https://events.q4inc.com/attendee/840343531 or at www.o-i.com/investors, Events and Presentati
PERRYSBURG, Ohio, Oct. 31, 2023 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASE O-I Glass, Inc. ("O-I") (NYSE:OI) today reported financial results for the third quarter ended September 30, 2023. Net Earnings Attributable to the Company Per Share (Diluted)Earnings Before Income Taxes$M3Q233Q223Q233Q22Reported$0.32$1.45$82$278 Adjusted EarningsPer Share (Diluted)Segment Operating Profit$M3Q233Q223Q233Q22Non – GAAP$0.80(Guidance: $0.68 -$0.73)$0.63$301$266 "O-I continues to execute well, and third quarter results exceeded our expectations. Business performance improved significantly from the prior year period reflecting favorable net price realization, solid oper
PERRYSBURG, Ohio, Sept. 28, 2023 (GLOBE NEWSWIRE) -- O-I Glass, Inc. (NYSE:OI) has scheduled its third quarter 2023 conference call and webcast for Wednesday, November 1, 2023, at 8 a.m. EDT. The Company's news release for the third quarter 2023 earnings will be issued after the market closes on Tuesday, October 31. What: O-I Conference Call and WebcastEarnings presentation materials will also be posted on the O-I website, www.o-i.com/investors, when the earnings news release is issued. When: Wednesday, November 1, 2023, at 8 a.m. EDT Where: https://events.q4inc.com/attendee/178683184 or at www.o-i.com/investors, Events and Presentations page The webcast will b
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PERRYSBURG, Ohio, May 15, 2024 (GLOBE NEWSWIRE) -- O-I Glass, Inc. ("O-I") (NYSE:OI) today announced that, after the conclusion of O-I's Annual Meeting of Share Owners held earlier today, the Board appointed John Humphrey as the new Independent Board Chair, following the previously announced retirement of John H. Walker from the Board. Additionally, at the Annual Meeting, 10 director nominees were elected for one-year terms, including Gordon J. Hardie, whose appointment as Chief Executive Officer became effective today, and Eric J. Foss and Cheri Phyfer, who are two new independent members of the O-I Board. The other director nominees elected at the Annual Meeting are Samuel R. Chapin, Dav
Gordon Brings Over 35 Years of Global Leadership Experience Advancing Strategy and Innovation Company Nominates Two New Independent Directors and Announces Retirement of Board Chair PERRYSBURG, Ohio, April 04, 2024 (GLOBE NEWSWIRE) -- O-I Glass, Inc. (NYSE:O) (the "Company" or "O-I") today announced that its Board of Directors (the "Board") has appointed Gordon J. Hardie, current O-I Board member, as the Company's next Chief Executive Officer, effective the later of May 15, 2024 or the date Gordon is issued his work-authorized U.S. visa. Gordon will also continue as a member of O-I's Board, where he has served since 2015. He succeeds Andres Lopez, who previously announced his intent
O-I Glass will join wine industry leaders and stakeholders to create global standards for wine sustainabilityThe Sustainable Wine Roundtable is an independent, non-profit roundtable for sharing best practices to advance sustainabilityO-I will be the first glassmaker, globally to join the Roundtable Perrysburg, Ohio, March 26, 2024 (GLOBE NEWSWIRE) -- – O-I Glass, Inc. ("O-I Glass" or "O-I") announced today that the company will join a global collaborative platform to advance sustainability across the wine industry as member of the Sustainable Wine Roundtable (SWR). The SWR consists of more than 120 members representing leading wine brands, small producers, distributors, retailers, a
Nordson Corporation (NASDAQ:NDSN) announced that Anand Patel will succeed Ray Cushing as vice president, treasury and finance following Ray's upcoming retirement. Anand joins Nordson on September 26 from O-I Glass, Inc. (NASDAQ:OI), a global manufacturing company, where he served as vice president and treasurer. He has held roles of increasing responsibility at O-I since 2013, and prior to that he was a senior manager at Deloitte Tax LLP for nine years. Joe Kelley, executive vice president, chief financial officer, said, "We are looking forward to welcoming Anand to Nordson's finance team. His expertise and experience gained throughout his professional career with large, global manufactur
PERRYSBURG, Ohio, May 12, 2021 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASE O-I Glass, Inc. (the "Company" or "O-I Glass") (NYSE:OI) today announced the appointment of John H. Walker as Independent Chair of the Board of Directors of O-I Glass (the "Board"). Carol A. Williams is stepping down from her role as Chair, consistent with the Board's long-term succession planning, and will continue to serve on the Board. Andres A. Lopez, CEO of O-I Glass, said, "On behalf of the Board and our management team, I want to thank Carol for her tireless dedication to the Board and to the Company. Under her leadership as Chair, the Company has advanced its bold plan to change its business fundamentals.