Libbey Inc. Announces Departure Of Chief Financial Officer

12/08/2016

National Search for Successor in Process

TOLEDO, Ohio, Dec. 8, 2016 /PRNewswire/ -- Libbey Inc.(NYSE MKT: LBY), one of the largest glass tableware manufacturers in the world, today announced that Sherry Buck, vice president, chief financial officer, will be leaving the Company effective December 31, 2016, to pursue another professional opportunity. The Company has engaged the executive search firm Crist|Kolder Associates to conduct a comprehensive search for Mrs. Buck's replacement. In the interim period, Mrs. Buck's former duties will be assumed by Ronni Smith, vice president, corporate controller.   

William A. Foley, chairman and chief executive officer of Libbey Inc. said, "Sherry has been an instrumental part of Libbey's executive management team for the past four and a half years. During her tenure, Sherry's leadership helped transform Libbey's capital structure by significantly reducing debt and improving the health of our balance sheet. These efforts enabled us to make critical investments in our business that were necessary to compete effectively in a dynamic market environment. We thank Sherry for her service and wish her well in her new role.  She leaves behind a highly capable finance team that will continue to drive high quality financial analysis and reporting.  Ronni is a strong and talented leader who can readily assume the interim CFO responsibilities."

Ronni Smith has thirty years of financial experience in roles of increasing responsibility. She joined Libbey in May 2006 as the assistant corporate controller and was appointed vice president, corporate controller in 2012. Prior to joining Libbey, she was an accounting supervisor at Ford Motor Company. Smith began her career as a Senior Auditor at Arthur Andersen in 1986.

About Libbey Inc.

Based in Toledo, Ohio, Libbey Inc. is one of the largest glass tableware manufacturers in the world. Libbey Inc. operates manufacturing plants in the U.S., Mexico, China, Portugal and the Netherlands. In existence since 1818, the Company supplies tabletop products to retail, foodservice and business-to-business customers in over 100 countries. Libbey's global brand portfolio, in addition to its namesake brand, includes Crisa®, Royal Leerdam®, World® Tableware, Syracuse® China, and Crisal Glass®. In 2015, Libbey Inc.'s net sales totaled $822.3 million. Additional information is available at www.libbey.com.

 

CORPORATE CONTACTS:


INVESTOR INQUIRIES:

Kim Hunter, Investor Relations


Chris Hodges or Sam Gibbons

(419)-325-2612


Alpha IR Group

khunte@libbey.com


(312) 445-2870



LBY@alpha-ir.com

Jamie McDaniel, Media



(419)-325-2672



jmcdan@libbey.com



 

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/libbey-inc-announces-departure-of-chief-financial-officer-300375271.html

SOURCE Libbey Inc.

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