CORNING, N.Y. — Corning Incorporated (NYSE: GLW) announced that Lawrence D. McRae has been elected vice chairman and corporate development officer effective immediately; R. Tony Tripeny has been elected senior vice president and chief financial officer effective Sept. 1, 2015; and Dr. Jeffrey W. Evenson has been elected senior vice president and chief strategy officer effective immediately.

All three are members of the company’s management committee and will report to Wendell P. Weeks, chairman, chief executive officer and president.

McRae, 57, who joined Corning in 1985, will continue to lead the company’s corporate development function, focusing on strategic approaches to business development including mergers and acquisitions. McRae led the negotiations leading to a strategic collaboration agreement between Corning and Samsung Display Co., Ltd., which included Corning’s full ownership of Samsung Corning Precision Materials, Co., Ltd. He also assumes responsibility for the management of the Chief Executive Officer’s office. He has served as a member of the company’s management committee since 2006.

McRae received his bachelor’s degree in accounting from Morgan State University and a master’s degree in business administration from Harvard University. He serves on the board of directors of the Dow Corning Corporation, Samsung Corning Advanced Glass, LLC, and the Corning Foundation.

Tripeny, 56, joined Corning in 1985 as a corporate accounting manager in the company’s telecommunications business segment. He held numerous operational and divisional control roles in his early career. Tripeny became a member of Corning’s executive leadership team in 2011 and the management committee in 2014. He has served as vice president and corporate controller since 2005 and was elected senior vice president, corporate controller and principal accounting officer in 2009. In his new role as chief financial officer, he will oversee the finance and investor relations functions. He has played a significant role in developing the company’s current growth strategy, executing its merger and acquisition transactions, and advising the company on investor relations initiatives.

Tripeny received a bachelor’s degree in economics from the University of Pennsylvania’s Wharton School of Business. He is a member of the Financial Executives Institute and the Institute of Management Accounting. Tripeny is on the board of Hardinge Inc.

Evenson, 49, joined Corning in 2011 as senior vice president and operations chief of staff. In his new role as chief strategy officer, he will oversee the corporate strategy and corporate communications functions and a new center of excellence for advanced analytics. Prior to joining Corning, Evenson was a senior vice president and senior analyst at Sanford C. Bernstein, and was a partner at McKinsey & Company where he led technology and market assessments for early-stage technologies.

Evenson has a Ph.D. in physics from Harvard University and a bachelor’s degree in physics from the Massachusetts Institute of Technology. He serves as a trustee at the Corning Museum of Glass and the Corning Foundation. He is also a member of the board of directors of View, Inc.