Obituary: Former Owens Corning CEO William Boeschenstein

Owens Corning has lost one of its founding fathers.

The company announced the passing of William "Bill" Boeschenstein, a former chairman and CEO of the company.

Boeschenstein served as chief executive from 1973 to 1990, and chairman from 1981 to 1990.

He was the son of Owens Corning’s first chief executive officer, Harold Boeschenstein. These two men led the company for more than 50 years.

His legacy is one of growth and definition. He is credited with shaping the direction of the company and its industries, as well as growing its annual sales from approximately $615 million to $3 billion.

He is also remembered for his leadership during what Owens Corning describes as "a hostile takeover attempt that began in 1986," which ended with the company maintaining its status as an independent entity.

Owens Corning also entered the residential roofing market under his watch, ushering in the fiberglass-reinforced shingle movement.

The decision to use The Pink Panther in its advertising? Also part of his legacy.

“Bill’s strong values and commitment to integrity created a culture that is still thriving today at Owens Corning,” stated Mike Thaman, Owens Corning chairman and CEO. “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.