Owens Corning names new chief financial officer

Toledo, Ohio-based Owens Corning has announced the appointment of Duncan Palmer to the post of chief financial officer, effective mid-September.

Palmer succeeds CFO Mike Thaman, who is chairman of the board. Thaman will take on the role of CEO when current CEO Dave Brown retires later this year.

Palmer has 20 years experience with Royal Dutch Shell, most recently as vp-upstream commercial finance for Shell International Exploration and Production. In this position, Palmer was responsible for finance support for major oil and gas business development and portfolio activity in Shell's Exploration and Production; and Gas and Power businesses.

Prior to this role, Palmer was vp-finance for the Shell Lubricants business globally. He was responsible for global financial management and reporting, lubricants supply chain and manufacturing finance, investment appraisal and cost management.

"Duncan is an extraordinary financial executive who will add to Owens Corning's performance and success," said Thaman. "His international business expertise and proven financial leadership will further strengthen our company around the world."

Palmer has degrees from St. John's College in Cambridge, United Kingdom, and the Stanford Graduate School of Business. He also is a U.K. Chartered Management Accountant.