Libbey Inc. Announces Appointment Of James C. Burmeister As Chief Financial Officer

TOLEDO, Ohio, March 17, 2017 /PRNewswire/ -- Libbey Inc.(NYSE MKT: LBY), one of the largest glass tableware manufacturers in the world, today announced the appointment of James C. (Jim) Burmeister to the position of vice president, chief financial officer. Mr. Burmeister will join the company as an executive officer on March 30, 2017, and will have accountability for Libbey's worldwide finance organization and for implementing financial and operating strategies to support the Company's drive to improve its financial performance.

Mr. Burmeister joins Libbey from The Anderson's, Inc. in Maumee, Ohio, where he served as vice president, finance and treasurer, with responsibility for the treasury, investor relations, tax, sourcing, business development and continuous improvement organizations.  Prior to joining The Andersons, Inc., he held roles of increasing responsibility in operations finance with Owens Corning, beginning in 2005 as director, finance of Owens Corning's cultured stone business and culminating in his role from 2013-2014 as vice president, finance of Owens Corning's roofing and asphalt division. Earlier in his career, Mr. Burmeister served in a variety of roles with General Electric, including an assignment with GE's highly regarded Corporate Audit Staff, and with Rubbermaid in its supply chain function.

A graduate of the U.S. Naval Academy, Mr. Burmeister served as a captain in the Marine Corps from 1990-1995, including service in the Persian Gulf.

"We are pleased to welcome Jim to Libbey's senior management team," said William Foley, chairman and chief executive officer, Libbey Inc. "His extensive knowledge of operations and corporate finance, along with his nearly 20 years of business leadership experience, make him highly qualified to take on the CFO role."

"On behalf of the board of directors, I would also like to extend my sincere gratitude to Ronni Smith, who seamlessly assumed the interim CFO role three months ago," continued William Foley. "She has once again demonstrated that she is a strong and talented leader." With Mr. Burmeister's appointment, Ronni will resume her previous position as vice president, corporate controller.

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 2016, Libbey Inc.'s net sales totaled $793.4 million. Additional information is available at www.libbey.com.

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SOURCE Libbey Inc.