Gregory T. Geswein will remain with Libbey as vice president, strategic planning and business development, having served as the company's chief financial officer since 2007. The company named Richard Reynolds, Libbey's chief operating officer since 1995 and its chief financial officer from 1993-95, to replace Mr. Geswein.
In a related filing with the Securities and Exchange Commission, Libbey indicated that the SEC's enforcement division filed civil enforcement proceedings against Mr. Geswein on June 2 for allegedly violating federal securities laws related to accounting matters while he was at Diebold Inc.
Mr. Geswein resigned from North Canton, Ohio-based Diebold in August, 2005.
Diebold reached an agreement last year with the SEC in which it agreed to pay a civil penalty of $25 million. The SEC and Diebold finalized the agreement and filed it in federal court on June 2, according to Diebold filings.
Contact Larry P. Vellequette at:
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