EveryWare Global, Inc. announced today that its board of directors appointed Sam Solomon as its permanent CEO. Solomon had been named the company’s interim CEO on February 25, 2014.
Daniel Collin, chairman of the board of directors at EveryWare, stated, “After completing a thorough search, we are thrilled that Sam has accepted the board’s offer to become EveryWare’s permanent CEO. Sam is the right leader for the job and is well equipped to revitalize the company over the coming months and years. He has already made significant contributions, and we are confident that he will continue to drive long-term value creation.”
Solomon said, “After more than three months as interim CEO at EveryWare, I am more energized than ever to take the steps necessary to capitalize on the company’s unlimited potential. I have been pleased with the hard work of our talented team to date, and I look forward to continuing our efforts to create a strong future for EveryWare and all of its stakeholders.”
EveryWare also announced today its intention to reopen its Lancaster, OH, manufacturing operations this week.
As previously disclosed, the company temporarily shut down its Lancaster and Monaca, PA, facilities on May 15 as part of its efforts to conserve cash and reduce glassware inventory. The company partially reopened its Monaca plant on June 2.
The company also announced that it would complete a reduction in force at its Lancaster facility over the next few weeks and will seek additional ways to conserve cash and reduce expenses through continued cost cutting measures.
Solomon stated, “We are pleased to restart the Lancaster facility to better serve our customers. We will continue to operate with a lean staff to control costs and conserve cash. We are also exploring additional opportunities to reduce costs and improve profitability as we position EveryWare for long-term value creation.”