Word: houghtons
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Harvard Corporation Fellow James R. Houghton ’58 will replace John W. Loose on April 25. Loose served as Corning’s CEO for only 16 months and an article in Tuesday’s Wall Street Journal described his departure as “unexpected...
This will not be Houghton’s first time leading the company. Houghton stepped down from a 13-year tenure as Corning’s CEO in 1996, but has chaired its board of directors since last June...
...Houghton is also slated to replace Robert G. Stone Jr. ’45 as the Harvard Corporation’s senior fellow after Stone retires in June. The senior fellow position is akin to the chair of a company’s board of directors...
...Stone agrees that Houghton will successfully balance the two positions...
...absolutely committed to restoring this company to profitability in 2003,” Houghton said in a press release...