Michael P Bauer has been named Libbey Inc’s next Chief Executive Officer, succeeding William Foley, who continues as Chairman of the international glass tableware manufacturer following his imminent retirement.

Mr Bauer has more than 30 years’ experience with leading consumer product manufacturers. Most recently, he served as President of The Master Lock Co (the security subsidiary of Fortune Brands Home & Security Inc) from 2014 to 2018. In that role, he was responsible for all aspects of the global consumer goods manufacturer, including the marketing and distribution of locks, safes and other mechanical, electromechanical and digital security products. He holds a BBA in accounting from Cleveland State University and an MBA in finance from Case Western Reserve University in Cleveland, Ohio.

"I'm truly excited to be joining Libbey and believe that our organisation has a tremendous opportunity to build upon the foundational elements that Bill Foley and the team have put in place over the last few years" Michael Bauer commented. "I look forward to working with the executive leadership team and the board of directors to continue building a strong, dynamic and agile organisation that's focused on meeting the needs of our end users, channel partners and shareholders. The global consumer goods market continues to undergo a transformational shift, as changes in consumer preferences and channels require fresh ideas and decisive leadership to effectively navigate this environment. I believe Libbey's leadership position across its key markets and the breadth of investments that Bill and the team have underway, position the organisation well to leverage our strengths and competitive advantages to create strong value in the future."