Middleby Announces Corporate Officer Retirement and Additions
16 Mayo 2023 - 7:00AM
Business Wire
-Martin Lindsay Retires, Brittany Cerwin and
Matthew Fuchsen Named Company Officers-
Middleby (NASDAQ: MIDD) announced today the retirement of Chief
Risk and Administration Officer Martin M. Lindsay and the
appointment of two company officers. Brittany Cerwin was named
Chief Accounting Officer and Matthew Fuchsen was named Chief
Development Officer of the company.
Mr. Lindsay, a senior leader with Middleby for nearly 25 years,
will be retiring at the end of July and plans to remain an advisor
to the company until the end of 2023. He will begin this transition
immediately and step down as a company officer.
Joining Middleby in 1999, Mr. Lindsay began his Middleby career
at a time when the company market capitalization was less than $100
million with only a few brands and products in the commercial
foodservice business. During his tenure the company grew to $8
billion in market capitalization and today exceeds $4 billion in
sales with more than 150 brands across three business
platforms.
“Martin was integral in shaping Middleby into the company it is
today. His leadership was critical at a time when the company, and
his responsibilities, expanded very quickly. Middleby has
solidified its position as a global leader under Martin’s skilled
guidance, developing a culture embraced by both our employees and
customers. His deep expertise in corporate treasury, legal matters
and human resources has Middleby well-positioned for the future,”
said Tim FitzGerald, Middleby CEO. “Martin has been the cornerstone
in solidifying our reputation of high integrity and strong ethics
while keeping a heavy focus on our most valuable asset, our people.
He has been a trusted business partner to me and the executive
leadership team. He is leaving Middleby with a strong internal team
he personally cultivated, to best support Middleby growth going
forward. We are deeply appreciative of his efforts on behalf of
Middleby, which has propelled the success of our customers and
employees.”
Middleby also announced the addition of two corporate officers,
Brittany Cerwin and Matthew Fuchsen as Chief Accounting Officer and
Chief Development Officer.
Ms. Cerwin has been with Middleby for more than a decade in
roles of increasing responsibility within the Middleby Corporate
Accounting department. Most recently she was Corporate Controller,
overseeing and directing the financial reporting functions of all
Middleby brands and locations across the three business segments.
She is responsible for the financial integration of new Middleby
acquisitions, aligning their reporting and processes. Prior to
joining Middleby in 2011 she was an auditor at Grant Thornton, LLP.
Ms. Cerwin holds a bachelor’s and master’s degree in accounting
from Bradley University.
“Our corporate accounting processes have evolved significantly
due to Middleby’s rapid expansion through organic growth and
acquisitions. Our internal processes are seamless and highly
accurate because of Brittany’s expertise and effective team
leadership. Her knowledge base is extremely valuable to our
business divisions and financial teams worldwide, as Middleby sales
have grown nearly five-fold since she joined the company,” said Mr.
FitzGerald. “Britt has been instrumental in supporting company
growth by partnering with our brands in all three business segments
to achieve our financial goals. “
Mr. Fuchsen joined Middleby in 2011 to build the corporate tax
team. He was promoted to VP of Tax in 2014 and since has assumed
more responsibility identifying, managing and executing the
company’s mergers and acquisitions strategy as VP of M&A and
Tax. While he continues to oversee the corporate tax function, he
leads the key strategic growth initiative of adding new companies
to the Middleby portfolio. Before joining Middleby, Mr. Fuchsen was
a senior manager with Deloitte Tax LLP. He received a bachelor’s
and master’s in accounting degrees from Elmhurst (Ill.)
University.
“Under Matt’s leadership, Middleby has built three strong
industry leading platforms with a wide global reach. The addition
of strategic acquisitions allows us to offer customers innovation
to address current trends and future growth prospects,” said Mr.
FitzGerald. “Since Matt joined Middleby he has been involved in
about half of the company’s acquisitions to date. He has proven to
be a true partner in leadership as we execute our strategic growth
initiatives within our business segments.”
“Finally, I wish Martin the best as he embarks upon retirement.
I am grateful for the opportunity I had to work with and learn from
him for nearly 25 years, which was a transformational period for
Middleby,” Mr. FitzGerald concluded. “I am also very excited
Brittany and Matt are now company officers, as their skills and
experience will be an asset as Middleby continues to evolve with
our customers’ needs. These long-standing, highly respected
Middleby executives have proven themselves as accomplished leaders
and I am confident their input will greatly benefit the executive
team as we continue to grow and build upon our success.”
ABOUT THE MIDDLEBY CORPORATION
The Middleby Corporation is a global leader in the foodservice
industry. The company develops and manufactures a broad line of
solutions used in commercial foodservice, food processing, and
residential kitchens. Supporting the company’s pursuit of the most
sophisticated innovation, the state-of-the-art Middleby Innovation
Kitchens showcases and demonstrates the most advanced Middleby
solutions. In 2022 Middleby was named a World’s Best Employer by
Forbes and is a proud philanthropic partner to organizations
addressing food insecurity.
For more information about The Middleby Corporation and the
company brands, please visit www.middleby.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20230516005211/en/
Darcy Bretz, Director of Corporate Communications, (847)
429-7756.
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