Middleby Corp (MIDD) Announces David Brewer to Retire as Chief Operating Office
- Dow hits milestone, S&P breaks record high on tech rally
- Thermo Fisher Scientific (TMO) to Acquire PPD, Inc. (PPD) for $47.50/sh, $17.4 Billion
- U.S. retail sales post largest gain in 10 months; weekly jobless claims fall
- Dell (DELL) Gains on Spin-Off of its 81% Stake in VMware (VMW), Analysts Bulled-Up as It Could Unlock $20 Per Share of Value for DELL
- The Stock Market is Almost 'Completely Broken' - Einhorn
Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.
The Middleby Corporation (NASDAQ: MIDD) today announced the retirement of Chief Operating Officer David Brewer, effective at the end of 2021.
Dave joined Middleby in 2006 and held senior management positions before being named Chief Operating Officer. During his tenure with Middleby, he has offered key insights and strategic counsel in more than 50 acquisitions completed across three business platforms. He was part of the leadership team responsible for revenue increases from $400 million in 2006 to nearly $3 billion. Dave has also played a key role within the investment community, sharing his perspectives on the industry trends driving customers.
"Dave has been an incredible asset to Middleby for more than 15 years and will continue to be actively involved in our strategic initiatives until the end of the year. His deep industry knowledge together with his successful product engineering track record have been instrumental in transforming Middleby into the innovative leader the company is today," said Middleby CEO Tim FitzGerald. "He is recognized as a trusted partner within our industry and has built long-standing, personal customer relationships that will benefit Middleby for years to come."
James K. Pool III and Steve Spittle were recently named officers of Middleby and they will share Dave’s responsibilities as he transitions to retirement during 2021. The three executives have worked closely together for more than 10 years. Together, Dave and Steve will ensure a seamless transition of key customer relationships throughout the year.
"Middleby has built a culture and strategy that has been embraced by the marketplace. I am proud to be a part of a leadership team that continually delivers innovative solutions for customers in all of our businesses. Middleby is strategically well-prepared for the future and well-positioned for success in 2021 and beyond,” said Mr. Brewer. "I have worked with James and Steve for many years along with our highly-capable group presidents and I’m extremely confident in their leadership. I am grateful to be part of this highly respected, incredibly talented and dedicated leadership team. I am also completely confident that Middleby will continue to deliver meaningful innovation to our customers and value to shareholders in both the near term and in years to come.”
Dave concluded, “After 42 years of running food processing plants and working in the food service industry, I can honestly say that I have enjoyed every part of this journey and completing it with Middleby this year will be a perfect way to finish.”
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Veracyte (VCYT) Announces Retirement of CFO and Preliminary Q1 Results
- Precision BioSciences (DTIL) Reacquires Global Rights to its Allogeneic CAR T Programs
- PHX Minerals (PHX) has agreed to acquire from certain mineral and royalty interests totaling approximately 2,698 net royalty acres in the Southern SCOOP play
Create E-mail Alert Related CategoriesCorporate News, Management Changes, Management Comments
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!