Libbey Names Streeter New CEO
June 27, 2011,
Stephanie A. Streeter
TOLEDO-Libbey has appointed Stephanie A. Streeter CEO. Streeter, a former public company CEO and a former member of the United States Olympic Committee, succeeds John Meier, who is retiring after 41 years with Libbey.
Streeter will be elected to the Libbey Board of Directors effective August 1.
William A. Foley, who has been a director of Libbey since 1994, has been named chairman of the board. Foley currently serves as Chairman and CEO of Blonder Home Accents. Foley is the chair of the Nominating and Governance Committee and a member of the Compensation Committee of Libbey's board of directors.
"I look forward to working with John [Meier] to achieve a seamless transition and I am excited to have the opportunity to drive the improving performance and cultural transition of the company," Streeter said. "Profitably delivering quality and innovative products to our customers, continuing to reduce leverage and building shareholder value will be key priorities in the coming year."