John W. Conway

Definition of 'John W. Conway'


The chairman, president and CEO of Philadelphia-based Crown Holdings, a company that produces metal packaging such as soft drink cans, candy tins and aerosol containers for beauty products and industrial products. When Conway became CEO in 2001, the company had a large market share but a recession was hurting its business. Conway cut costs by closing several of the company's plants. He also oversaw the company's expansion in Vietnam, Cambodia and the Middle East and the sale of its cosmetics packaging business and global plastic closures business.

Investopedia explains 'John W. Conway'


Born in 1945, Conway holds a Juris Doctor from Columbia Law School and has also been a board member of PPL and West Pharmaceutical Services. Conway began his career with Continental Can International, which was acquired by Crown Cork & Seal in 1991 and became Crown Holdings in 2003. He became president and COO of Crown in 1991 and CEO and chairman in 2001.


Filed Under:

comments powered by Disqus
Hot Definitions
  1. Quanto Swap

    A swap with varying combinations of interest rate, currency and equity swap features, where payments are based on the movement of two different countries' interest rates. This is also referred to as a differential or "diff" swap.
  2. Genuine Progress Indicator - GPI

    A metric used to measure the economic growth of a country. It is often considered as a replacement to the more well known gross domestic product (GDP) economic indicator. The GPI indicator takes everything the GDP uses into account, but also adds other figures that represent the cost of the negative effects related to economic activity (such as the cost of crime, cost of ozone depletion and cost of resource depletion, among others).
  3. Accelerated Share Repurchase - ASR

    A specific method by which corporations can repurchase outstanding shares of their stock. The accelerated share repurchase (ASR) is usually accomplished by the corporation purchasing shares of its stock from an investment bank. The investment bank borrows the shares from clients or share lenders and sells them to the company.
  4. Microeconomic Pricing Model

    A model of the way prices are set within a market for a given good. According to this model, prices are set based on the balance of supply and demand in the market. In general, profit incentives are said to resemble an "invisible hand" that guides competing participants to an equilibrium price. The demand curve in this model is determined by consumers attempting to maximize their utility, given their budget.
  5. Centralized Market

    A financial market structure that consists of having all orders routed to one central exchange with no other competing market. The quoted prices of the various securities listed on the exchange represent the only price that is available to investors seeking to buy or sell the specific asset.
  6. Balanced Investment Strategy

    A portfolio allocation and management method aimed at balancing risk and return. Such portfolios are generally divided equally between equities and fixed-income securities.
Trading Center