OC - Owens Corning

Owens Corning

One Owens Corning Parkway
Toledo, OH 43659
United States
419 248 8000
https://www.owenscorning.com

Sector(s): Industrials
Industry: Building Products & Equipment
Full-time employees: 19,000

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Brian D. Chambers	Pres, CEO & Chair	4.56M	293.66k	1967
Mr. Kenneth S. Parks	Exec. VP & CFO	1.75M	N/A	1963
Mr. Daniel T. Smith	Exec. VP & Chief Growth Officer	1.52M	N/A	1965
Mr. Marcio A. Sandri	Pres of Composites	1.54M	362.66k	1964
Mr. Todd W. Fister	Pres of Insulation	1.47M	N/A	1975
Ms. Mari Doerfler	Principal Accounting Officer, VP & Controller	N/A	N/A	N/A
Ms. Amber Wohlfarth	Director of Investor Relations	N/A	N/A	N/A
Ms. Gina A. Beredo	Exec. VP, Gen. Counsel & Corp. Sec.	N/A	N/A	1974
Ms. Paula J. Russell	Exec. VP & Chief HR Officer	N/A	N/A	1979
Mr. Dave Rabuano	Sr. VP & Chief Sustainability Officer	N/A	N/A	N/A

Amounts are as of 31 December 2022, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Owens Corning engages in manufacture and sale of insulation, roofing, and fiberglass composite materials in the United States, Canada, Europe, the Asia Pacific, Latin America, and internationally. It operates in three segments: Composites, Insulation, and Roofing. The Composites segment manufactures, fabricates, and sells glass reinforcements in the form of fiber; and glass fiber products in the form of fabrics, non-wovens, and other specialized products. Its products are used in building structures, roofing shingles, tubs and showers, pools, decking, flooring, pipes and tanks, poles, electrical equipment, and wind-energy turbine blades. This segment sells its products directly to parts molders, fabricators, and shingle manufacturers. The Insulation segment manufactures and sells thermal and acoustical batts, loosefill insulation, spray foam insulation, foam sheathing and accessories under the Owens Corning PINK, and FIBERGLAS brands; and glass fiber pipe insulation, energy efficient flexible duct media, bonded and granulated mineral wool insulation, cellular glass insulation, and foam insulation under the FOAMULAR, FOAMGLAS, and Paroc brand names used in construction applications. This segment sells its products primarily to the insulation installers, home centers, lumberyards, retailers, and distributors. The Roofing segment manufactures and sells laminate and strip asphalt roofing shingles, oxidized asphalt materials, and roofing components used in residential and commercial construction, and specialty applications, as well as synthetic packaging materials. This segment sells its products through distributors, home centers, lumberyards, retailers, and contractors, as well as to roofing contractors for built-up roofing asphalt systems; and manufacturers in automotive, chemical, rubber, and construction industries. The company was incorporated in 1938 and is headquartered in Toledo, Ohio.

Corporate governance

Owens Corning’s ISS governance QualityScore as of 1 May 2023 is 2. The pillar scores are Audit: 1; Board: 4; Shareholder rights: 4; Compensation: 1.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.