Libbey Inc. Announces Election Of Theo Killion To Board Of Directors

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.

600450 Libbey Inc. Announces Election Of Theo Killion To Board Of Directors
Date: 16 May 2014
Source: Libbey Inc.

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