Business News
Owens Corning Reports the Death of Former Chairman and Chief Executive Officer William W. Boeschenstein
Tuesday 28. February 2017 - Owens Corning is sad to announce the death of former Chairman and Chief Executive Officer William W. Bill Boeschenstein. He joined the company in 1950 and served as chief executive officer from 1973 to 1990, and chairman from 1981 to 1990. He was the son of Owens Cornings first chief executive officer, Harold Boeschenstein. These two men led the company for more than 50 years.
Under his leadership as chief executive officer, Bill Boeschenstein shaped both the direction of the company and its industries. During this tenure, Owens Corning grew its annual sales from approximately $615 million to approximately $3 billion.
Bill Boeschenstein is perhaps best known for courageously leading the organization through a hostile takeover attempt that began in 1986. Owens Corning prevailed as an independent company. Additionally, with his decision to enter the residential roofing market, the company converted the market to fiberglass-reinforced shingles and transformed the roofing industry. He was also instrumental in Owens Cornings decision to utilize The Pink Panther in its advertising to link the color of its insulation to the popular and lovable cartoon character.
“Bills strong values and commitment to integrity created a culture that is still thriving today at Owens Corning,” stated Mike Thaman, Owens Corning chairman and chief executive officer. “As a former colleague and personal friend, Bill will be missed for his contributions to the company, and for his generous support to our community.”
Bill Boeschenstein graduated from Yale University and served in the U.S. Army Air Force during World War II, prior to joining Owens Corning.