Stephanie Streeter, CEO of Libbey, Inc. was presented with a Gold Stevie® Award in the “Executive of the Year” category at The 11th Annual American Business Awards held at the Fairmont Chicago Millennium Park Hotel earlier this week.
Streeter was nominated in the “Executive of the Year” category for the manufacturing industry for her leadership and direction since joining Libbey Inc. in August 2011. Under her leadership, the company is focusing on an operational development plan to reduce costs and boost efficiency across the company, reinforce its leadership position in key segments and strategically accelerate growth in specific markets.
Additionally, the company is well underway with its successful turnaround. On an annual basis, the company delivered four strong quarters realizing records in sales, income from operations and adjusted EBITDA. For the full year 2012, sales were $825.3 million, compared to $817.1 million for 2011 and income from operations grew 28.1 percent while adjusted EBITDA increased 17.1 percent to a record $132.4 million compared to $113.1 million for 2011.
The American Business Awards are the nation’s premier business awards program. This year, more than 3,200 nominations from organizations of all sizes and in virtually every industry were submitted for consideration in a wide range of categories. More than 500 nominees and their guests attended the gala. Winners were selected by more than 320 executives nationwide who participated in the judging process this year.
“This year’s American Business Awards was outsized in every way,” said Michael Gallagher, Stevie Awards founder and president. “More entries and more judges than ever before, and I’d have to say the most impressive collection of nominations we’ve ever received. We congratulate all of this year’s Stevie winners for their outstanding work.”
Details about The American Business Awards and the lists of Stevie Award winners who were announced on June 17 are available at www.StevieAwards.com/ABA.