Corning Incorporated: FOR PUBLICATION – DECEMBER 9, 2021 Corning Appoints Edward Schlesinger Chief Financial Officer – Form 8-K


FOR PUBLICATION – DECEMBER 9, 2021

Corning Appoints Edward Schlesinger Chief Financial Officer

The company thanks retired CFO Tony Tripeny for his 36 years of service

CORNING, NYCorning Incorporated(NYSE: GLW) today announced the appointment of Edward Schlesinger as Executive Vice President and Chief Financial Officer, effective February 18, 2022. Schlesinger will report to Wendell Weeks, Chief Executive Officer, and succeed Chief Financial Officer outgoing Tony Tripeny, whose significant contributions throughout his career have made Corning a stronger company.

Schlesinger, 54, will oversee finance and investor relations. Its transition reflects a broader plan to develop top talent across Corning globally, best positioning the company to seize an attractive set of long-term opportunities and deliver continued value to its parts. stakeholders.

“Ed has long played a key role in the growth and financial strength of our business. As part of our succession planning, he worked closely with the Corning management team – leveraging his deep expertise and technical knowledge in all aspects of corporate finance and compliance, ”said declared Weeks.

“Ed is part of a new generation of distinguished leaders who strive to lead the company through an exciting period of invention and transformation. We look forward to the important contributions he will make to Corning’s continued success.” , Weeks continued.

Schlesinger has led the company’s corporate accounting, compliance, financial planning and analysis, shared services and external reporting functions since 2015. He was appointed senior vice president in 2019 and became a member of management team in 2020. He joined the company in 2013 as CFO of Corning’s optical communications segment. Prior to Corning, Schlesinger spent more than 20 years in various finance leadership roles. He holds a Bachelor of Science in Finance from Montclair State University and an MBA from St. John’s University. He sits on the board of directors of Hemlock Semiconductor Group.

Tripeny, 63, elected to retire in the first quarter of 2022. He was appointed Executive Vice President in 2018 and has been Corning CFO since September 2015. Throughout his career, he has held several key positions in financial management in the company.

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“Tony has been a strategic thinking partner, and I’m extremely proud of what we’ve accomplished together during an era of strong execution and growth for the company,” Weeks said.

“We are grateful for Tony’s exceptional service over his 36 years with the company, especially the trust he has helped establish among our employees and investors. He has been a good friend to me and a inspiration to many at Corning – exemplifying the values ​​and integrity essential for a leader in their role. We wish them well in retirement, ”continued Weeks.

Caution regarding forward-looking statements

Statements in this release that are not facts or historical information and contain words such as “will”, “believe”, “anticipate”, “expect”, “intend”, ” plan, ”“ seek ”,“ see ”,“ would ”and“ target ”and similar expressions are forward-looking statements. These forward-looking statements are made in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and include estimates and assumptions relating to economic, competitive and legislative developments. Such statements relate to future events which by their nature deal with matters which are, to varying degrees, uncertain. These estimates are subject to changes and uncertainties which, in many cases, are beyond our control. There can be no assurance that future developments will meet management’s expectations. Actual results could differ materially from what we expected, depending on the outcome of various factors. We do not undertake to update any forward-looking statements.

Although the Company believes that these forward-looking statements are based on reasonable assumptions concerning, among other things, current estimates and forecasts, general economic conditions, its knowledge of its business and key performance indicators that affect the Company, actual results could differ materially. The Company does not undertake to update any forward-looking statements. Some of the risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by forward-looking statements include, but are not limited to: the duration and severity of the COVID-19 pandemic , and its impact on all of our businesses on demand, operations, our global supply chains and stock prices; the effects of acquisitions, disposals and other similar transactions; global economic trends, competition and geopolitical risks, or an escalation in sanctions, tariffs or other trade tensions between the United States and China or other countries, and related impacts on supply chains global and corporate strategies; changes in macroeconomic and market conditions and market volatility (including developments and volatility resulting from the COVID-19 pandemic), including inflation, interest rates, the value of securities and other assets financial, precious metals, oil, natural gas and other commodity prices and exchange rates (especially between the US dollar and the Japanese yen, the new Taiwan dollar, the euro, the Chinese yuan and the South Korean Won), and the impact of these changes and volatility on our financial condition and business; product demand and industry capacity; competitive products and prices; availability and costs

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critical components and materials; development and marketing of new products; order activity and demand from major customers; the amount and timing of our cash flow and earnings and other conditions, which may affect our ability to pay our quarterly dividend at the expected level or to repurchase shares at the expected levels; possible disruption of business activities or our supply chain due to terrorist activity, cyber attack, armed conflict, political or financial instability, natural disasters, international trade disputes or major health; loss of intellectual property due to theft, cyberattack or disruption of our IT infrastructure; an unforeseen disruption to our supply chain, equipment, facilities, computer systems or operations; effect of regulatory and legal changes; ability to match capital expenditures at expected levels of customer demand; our ability to increase margins through the implementation of operational changes, pricing actions and cost reduction measures; rate of technological change; ability to enforce patents and protect intellectual property and trade secrets; adverse litigation; product and component performance issues; retention of key personnel; the ability of customers to maintain profitable operations and to obtain financing to fund ongoing operations and manufacturing expansions and to pay accounts receivable when due; loss of important customers; changes in tax laws and regulations; the impacts of controls by the tax authorities; and the potential impact of laws, government regulations and other government actions and investigations; and other risks detailed in documents filed by Corning with the SEC.

For a complete list of risks and other factors, please refer to the risk factors and forward-looking statements described in our Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q.

Web Disclosure

In accordance with the guidelines provided by the SEC regarding the use of company websites and social media channels to disclose material information, Corning Incorporated (“Corning”) wishes to inform investors, the media and other interested parties that ‘she uses her website (https://www.corning.com/worldwide/en/about-us/news-events.html) to publish material information about the company, including information which may be considered important to investors, or additional to information contained in this press release or others. The list of websites and social media channels the Company uses may be updated from time to time on Corning Media and website. Corning encourages investors, the media, and other interested parties to review information Corning may post through its website and social media channels, as described above, in addition to SEC filings, press releases. press, conference calls and webcasts.

About Corning Incorporated

Corning (www.corning.com) is one of the world’s leading innovators in materials science, with 170 years of experience in the field of life-changing inventions. Corning applies its unparalleled expertise in glass science, ceramics science, and optical physics along with its in-depth manufacturing and engineering capabilities to develop class-defining products that are transforming industries and

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improve people’s lives. Corning succeeds through sustained investments in RD&E, a unique combination of material and process innovation, and deep, trusting relationships with customers who are global leaders in their industries. Corning’s capabilities are versatile and synergistic, allowing the business to evolve to meet changing market needs, while helping our customers seize new opportunities in dynamic industries. Today, Corning’s markets include optical communications, mobile consumer electronics, display, automotive and life sciences.

Media Relations Contact Person:

Megan Whittemore

(202) 661-4171

[email protected]
Investor Relations Contact:

Ann HS Nicholson

(607) 974-6716

[email protected]
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