Libbey Inc. announced that its Board of Directors has elected William A. Foley as the Company's new chairman and chief executive officer, effective immediately. Stephanie A. Streeter, Libbey's chief executive officer since August 2011, has resigned from the Company to pursue other opportunities. John C. Orr, a director of Libbey since 2008 and former chief executive officer of Myers Industries Inc., has been named lead director. Foley has over 30 years of experience in the glass tableware and consumer products markets. His track record includes success in building high-growth businesses as a chief executive officer of both public and private companies; vice president and general manager for the Consumer Division of The Scotts Company; vice president and general manager of Rubbermaid Inc.'s Specialty Products Division; and 14 years in various positions at Anchor Hocking Corp., including vice president of sales and marketing of the Consumer and Industrial Products Group. Foley has served as Libbey's Independent Chairman of the Board since August 2011 and has been a director of the Company since 1994.

The company reported preliminary sales results for the year ended December 31, 2015. Net sales for the year are expected to be greater than $817 million.