Sign in

    Wendell P. Weeks

    Chairman and Chief Executive Officer at Corning Inc
    Board
    Since 2005
    Age
    65 years
    Tenure
    Joined GLW in 1983 and advanced from finance roles to become Vice President and General Manager in 1996, President in 2001, President and COO in 2002, CEO in 2005, and Chairman in 2007.

    Also at Corning Inc

    AHNI
    Avery H. Nelson III
    Senior Vice President and General Manager, Automotive, Life Sciences & Solar
    EAS
    Edward A. Schlesinger
    Executive Vice President and Chief Financial Officer
    ESM
    Eric S. Musser
    President and Chief Operating Officer

    About

    Wendell P. Weeks, currently 65 years old, has had a long and distinguished career marked by extensive leadership and strategic contributions to the company. His involvement with GLW spans over four decades, during which he has played a pivotal role in shaping the organization’s growth and innovation. Weeks also holds key board positions outside the company, including his current membership on the board of Amazon.com, Inc. and his previous service on the board of Merck & Co., Inc., which further highlight his influence in the business world.

    Beginning his journey in the finance group in 1983, he steadily climbed the ranks, demonstrating a strong acumen in operational and financial management. His promotions—from serving as Vice President and General Manager of the Optical Fiber business in 1996 to being named President and Chief Operating Officer in 2002—cemented his reputation as a transformative leader capable of driving significant advancements.

    Assuming the role of CEO in 2005, and later as Chairman of the Board in 2007, his tenure is characterized by a commitment to operational excellence and strategic foresight. His leadership has been crucial in advancing technology, innovation, and customer-related opportunities, all of which have helped steer the company toward long-term success.

    $GLW Performance Under Wendell P. Weeks

    Past Roles

    Organization Role Date Range Details
    Corning Incorporated (GLW) President and Chief Operating Officer 2002 - 2005 Role concluded upon promotion to CEO in April 2005
    Corning Incorporated (GLW) President of Corning’s Optical Communications division 2001 N/A
    Corning Incorporated (GLW) Vice President and General Manager of the Optical Fiber business 1996 N/A
    Corning Incorporated (GLW) Finance Group Employee (Joined the finance group) 1983 N/A

    External Roles

    Organization Role Date Range Details
    Amazon.com, Inc. Board Member N/A N/A
    Corning Museum of Glass Board of Trustees Member N/A N/A

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$1,580,000 AnnualFixed executive base salary.
    Company Match on Qualified 401(k) Plan$10,377 As contributedFixed company match for the qualified 401(k) plan.
    Company Match on Supplemental Investment Plan$67,545 As contributedFixed company match for the supplemental investment plan.
    Value of Personal Aircraft Rights$154,607 AnnualIncremental cost for personal aircraft rights; excludes fixed costs such as pilot salaries and hangar expenses.
    Value of Home Security Costs and Financial Counseling$148,166 AnnualCompany-paid expenses for personal/residential security and financial counseling.
    Other Compensation$13,421 AnnualIncludes executive physicals (and related travel), annual Board gift, and contributions under the Corning Foundation Matching Gifts Program.

    Performance Compensation

    Data from  FY 2023

    Cash for Equity - PIP Exchange PSUs

    MetricValue/Details
    Performance Metrics WeightsCore EPS: 75%, Core Net Sales: 25%
    Payout LevelsThreshold: 0%, Target: 100%, Max: 110%
    Vesting Period36 months
    Grant DateFebruary 8, 2023
    Grant Date Fair Value$2,370,017
    Grant Date Stock Price$35.14
    Actual Performance51% of target

    GoalSharing Plan

    MetricValue/Details
    Performance Metrics25% Corporate Financial Performance, 75% Business Unit Average
    Payout5.48% of Base Salary
    Vesting ScheduleNo vesting; annual payout
    Evaluation Period2023 (Annual)

    Cash Performance Units (CPUs)

    MetricValue/Details
    Performance Metrics WeightsAdjusted Free Cash Flow: 70%, Core Net Sales: 30%
    Payout LevelsThreshold: 0%, Target: 100%, Max: 220% (includes up to 10% ROIC modifier)
    Actual 2023 Performance56% of target
    Prorated Award for 2023$531,300
    Vesting DateFebruary 2026
    Grant DateFebruary 8, 2023

    Performance Share Units (PSUs)

    MetricValue/Details
    Performance Metrics WeightsCore EPS: 75%, Core Net Sales: 25%
    Payout LevelsThreshold: 0%, Target: 100%, Max: 220% (includes ROIC adjustment)
    Target Shares54,292 shares
    Maximum Shares119,442 shares
    Vesting DateApril 15, 2026 (100% vest)
    Grant DateApril 3, 2023
    Grant Date Fair Value$1,897,505
    Grant Date Stock Price$34.95