Lawrence D. McRae
A Morgan State University alumnus has been named vice chairman of a major American corporation, the company recently announced.
Corning Inc., an international innovator in materials science that produces products such as damage-resistant cover glass for smartphones and tablets, precision glass for advanced displays and fiber optics for wireless technologies, on July 21 announced the promotion of Lawrence D. McRae to vice chairman and corporate development officer.
McRae, 57, graduated from Morgan State in 1980 with a degree in accounting, according to an MSU Alumni Association listing. He went on to earn a masters degree in business administration from Harvard University.
A former senior accountant with Price Waterhouse, McRae joined Corning in 1985. During his career with the New York-based company, he served in a number of leadership positions in the finance, sales, marketing and general management departments.
Since 2002, McCrae has served on Corning’s management committee, and he has led strategy and corporate development since 2010, according to his company biography.
In his new position, McCrae will continue to devise and oversee the implementation of strategies geared toward optimizing Corning’s business portfolio, partner agreements, and mergers and acquisitions. Among McCrae’s crowning achievements was his spearheading of negotiations that led to a collaboration agreement between Corning and Samsung Display Co., which included Corning’s full ownership of Samsung Corning Precision Materials Co.
As vice chairman, McCrae will also assume responsibility for the management of the chief executive officer’s office and will continue to serve on the board of directors of the Dow Corning Corp., Samsung Corning Advanced Glass and the Corning Foundation.