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TheStreet Open House

Libbey Inc. Names New Chief Financial Officer

Stock quotes in this article: LBY

TOLEDO, Ohio, July 16, 2012 /PRNewswire/ --  Libbey Inc. (NYSE MKT: LBY) today announced that Sherry Buck is being appointed to the position of Vice President, Chief Financial Officer.  Ms. Buck will be joining Libbey as an Officer of the Company on Wednesday, August 1, 2012.

Ms. Buck comes to Libbey from Whirlpool Corporation where she has served as Chief Financial Officer, Global Product and Enterprise Cost Leadership since October 2010.  Before her current position, Ms. Buck was Vice President Finance US for Whirlpool Corporation from 2009 to September 2010. 

Concurrent with Ms. Buck's assignment, Richard Reynolds, previously Chief Financial Officer, was named to the new position of Executive Vice President, Strategy Program Management.

Commenting on the addition of Ms. Buck, Stephanie A. Streeter, Libbey Chief Executive Officer stated, "I am very excited to have Sherry Buck join our senior management team.  Her experience in a variety of financial leadership roles in different businesses within Whirlpool, her strategic leadership in addressing cost initiatives and her tenacity and hands-on approach will serve Libbey well.  In addition, Sherry has general management experience and brings a solid international background to the Company."

Ms. Streeter continued, "We are also pleased that Dick Reynolds, after serving as Chief Financial Officer since June 2010, will be leading our strategic program management office. This new approach for Libbey combined with Dick's knowledge of the business will help ensure we stay on track towards our goals as we implement our strategic initiatives."

About Libbey Inc.:

Based in Toledo, Ohio, since 1888, Libbey Inc. is the largest manufacturer of glass tableware in the western hemisphere and one of the largest glass tableware manufacturers in the world. It supplies products to foodservice, retail, industrial and business-to-business customers in over 100 countries, and it is the leading manufacturer of tabletop products for the U.S. foodservice industry.

Libbey operates glass tableware manufacturing plants in the United States in Louisiana and Ohio, as well as in Mexico, China, Portugal and the Netherlands.  Its Crisa subsidiary, located in Monterrey, Mexico, is a leading producer of glass tableware in Mexico and Latin America.  Its Royal Leerdam subsidiary, located in Leerdam, Netherlands, is among the world leaders in producing and selling glass stemware to retail, foodservice and industrial clients.  Its Crisal subsidiary, located in Portugal, provides an expanded presence in Europe.  Its Syracuse China subsidiary designs and distributes an extensive line of high-quality ceramic dinnerware, principally for foodservice establishments in the United States.  Its World Tableware subsidiary imports and sells a full-line of metal flatware and holloware and an assortment of ceramic dinnerware and other tabletop items principally for foodservice establishments in the United States.  In 2011, Libbey Inc.'s net sales totaled $817.1 million.

SOURCE Libbey Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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