Crown Holdings Announces Leadership Transition

Crown Holdings, Inc. announced that John W. Conway, 70, has informed the Board of Directors of his decision to retire from his role as CEO after 40 years with the company, effective Jan. 1, 2016. The board has elected Timothy J. Donahue, 52, who has been with the company for 25 years, to assume the position of president and CEO effective Jan. 1, 2016.
 
Donahue currently serves as the company’s president and COO, a position he has held since 2013. Prior to that, he was EVP nd CFO from 2008 to 2013, as SVP – finance from 2000 to 2008 and VP – corporate controller from 1991 to 2000. Conway has agreed to remain on the board and will continue to serve as non-executive chairman of the board after his retirement. Additionally, the board elected Donahue as a member of the Board, effective immediately.
 
“I am proud of what we have accomplished at Crown and I am confident that Crown is well positioned for the future,” Conway said. “Tim is ideally suited to succeed me as CEO. He has an intimate understanding of the company and has gained valuable experience serving as both CFO and COO.”
 
“I am honored to have the opportunity to serve as Crown’s CEO and excited to lead our efforts to build on the foundation John and the entire executive team have put in place,” Donahue said.