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. Market Capitalization

    The total dollar market value of all of a company's outstanding shares. Market capitalization is calculated by multiplying a company's shares outstanding by the current market price of one share. The investment community uses this figure to determine a company's size, as opposed to sales or total asset figures.
  2. Oil Reserves

    An estimate of the amount of crude oil located in a particular economic region. Oil reserves must have the potential of being extracted under current technological constraints. For example, if oil pools are located at unattainable depths, they would not be considered part of the nation's reserves.
  3. Joint Venture - JV

    A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task. This task can be a new project or any other business activity. In a joint venture (JV), each of the participants is responsible for profits, losses and costs associated with it.
  4. Aggregate Risk

    The exposure of a bank, financial institution, or any type of major investor to foreign exchange contracts - both spot and forward - from a single counterparty or client. Aggregate risk in forex may also be defined as the total exposure of an entity to changes or fluctuations in currency rates.
  5. Organic Growth

    The growth rate that a company can achieve by increasing output and enhancing sales. This excludes any profits or growth acquired from takeovers, acquisitions or mergers. Takeovers, acquisitions and mergers do not bring about profits generated within the company, and are therefore not considered organic.
  6. Family Limited Partnership - FLP

    A type of partnership designed to centralize family business or investment accounts. FLPs pool together a family's assets into one single family-owned business partnership that family members own shares of. FLPs are frequently used as an estate tax minimization strategy, as shares in the FLP can be transferred between generations, at lower taxation rates than would be applied to the partnership's holdings.
Trading Center