Libbey names new CEO

Stephanie Streeter, former president and chief executive officer of Banta Corp., will take over from John Meier, who announced his retirement in February, as CEO of glass tableware maker Libbey Inc. a…

Stephanie Streeter, former president and chief executive officer of Banta Corp., will take over from John Meier, who announced his retirement in February, as CEO of glass tableware maker Libbey Inc. as of 1 August 2011. Ms. Streeter will also be elected to the company“s board of directors. According to a company statement, Libbey said that Streeter brings a diverse background, having led consumer-facing, industrial manufacturing and service businesses. She also has a solid history of building world-class leadership teams that drive business success and innovation. I look forward to working with John (Meier, Libbey chairman and CEO) 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 in a statement. 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. From 2002 to 2007, Streeter served as president CEO of Banta Corp., which was acquired R.R. Donnelley & Son Co. in October 2006. Streeter served as interim CEO of the United States Olympic Committee from March 2009 to March 2010, and also serves on the boards of directors of the Goodyear Tire and Rubber Co., Kohl“s Corp., the Green Bay Packers and Catalyst, a premier non-profit group, which is working to expand opportunities for women in business. Libbey, with 2010 net sales of USD 799.8 million, operates glass tableware manufacturing plants in Louisiana and Ohio, as well as in Mexico, China, Portugal and the Netherlands.