TOLEDO, Ohio, May 14, 2014 /PRNewswire/ -- Libbey Inc.
(NYSE MKT: LBY) announced that, at the Company's annual
meeting of shareholders held yesterday, Theo Killion was elected to join its Board of
Directors. William A. Foley
and Deborah G. Miller also were
reelected to the Board.
Killion is currently chief executive officer and a director of
Zale Corporation (NYSE: ZLC), a leading specialty retailer
of fine jewelry in North America.
Since joining the company in January
2008, Killion has held various executive level
positions. He served as president of the company from
August 5, 2008, to September 23, 2010, and as interim chief
executive officer from January 13,
2010, to September 23, 2010.
Prior to joining Zale Corporation, Killion was employed with
the executive recruiting firm Berglass+Associates, focusing on
companies in the retail, consumer goods and fashion industries.
From April 2004 through
April 2006, he served as executive
vice president of human resources at Tommy Hilfiger, and from 1996
to 2004, he served in various management positions with Limited
Brands. Mr. Killion also serves on the board of Express,
Inc.
Retiring from the Board at the annual shareholders meeting were
Terence P. Stewart, a member since
1997, and Richard I. Reynolds, a
member since 1993. In December
2013, Reynolds retired from his position as executive vice
president, strategy program management, after a 44-year career with
Libbey which included assignments as the Company's CFO and COO.
Regarding these changes, Board Chairman William Foley commented, "I thank Dick and Terry
for their many years of dedication and counsel. At the same
time, I look forward to the new perspectives and experiences that
Theo brings to the Board. His extensive experience in
organizational leadership will be an asset for us as we pursue
growth plans for our business."
Stephanie Streeter, Libbey's
chief executive officer, added, "We are absolutely thrilled to have
Theo join our Board. He has exceptional experience in a
variety of companies and situations, knows the retail space, one of
our largest channels, intimately, and has recently led his company
through a successful turnaround. He brings with him a wide
spectrum of experiences from HR to operations to strategy. We're so
pleased he is joining us as we begin the next phase of our
Company's long-range strategy."
With the addition of Killion and the departure of Stewart and
Reynolds, the Libbey Board of Directors now numbers nine members,
of whom eight are independent directors.
About Libbey Inc.
Based in Toledo, Ohio, since
1888, we believe 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 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 hollowware and an assortment of
ceramic dinnerware and other tabletop items principally for
foodservice establishments in the United States. In 2013,
Libbey Inc.'s net sales totaled $818.8
million.
SOURCE Libbey Inc.