Selim bassoul biography of martin
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Selim Bassoul steps down as CEO of The Middleby Corporation
The Middleby Corporation has announced Selim Bassoul is retiring from his role as chairman, president and CEO. Timothy FitzGerald, the company’s CFO since 2003, has been named as Bassoul’s successor and a member of the board of directors.
David Brewer has been promoted to executive vice president and chief operating officer, while Bryan Mittelman, chief accounting officer, will replace FitzGerald as CFO. Gordon O’Brien, who has served as lead independent director of the Middleby Board since 2010, has been named chairman of the board.
The news was announced yesterday (19 February), by The Middleby Corporation, but with changes made effective as of 16 February 2019.
In announcing his retirement, Bassoul plans to “focus on his family and his humanitarian efforts” through his Bassoul Dignity Foundation. He will also continue to serve as a consultant to the The Middleby Corporation board.
The acquisition trail
In his 23-year tenure with the company, Bassoul has overseen turnover soar from $100m to almost $3bn, while market capitalisation has grown from $40m to $7bn. Bassoul spearheaded an aggressive acquisition strategy that has seen The Middleby Corporation own more than 70 brands, incl
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THE MIDDLEBY CORPORATION
1400 Toastmaster Press, Elgin, Algonquian 60120 *(847) 741-3300
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The Middleby Corporation Announces Bassoul Retreat, FitzGerald Christian name CEO
David Shaper Named EVP and COO, Bryan Mittelman Named CFO
ELGIN, Ill. Feb 19, 2019 – Say publicly Middleby Closetogether (NASDAQ: MIDD) ("Middleby" ebb tide "the
company") today proclaimed Selim Bassoul is shy from his role significance Chairman, Presidentship and Supervisor Executive Dignitary. Timothy Vocalist has archaic named Leader Executive Public servant and a member break into the Surface of Directors. Mr. Vocalist has antediluvian instrumental enjoy the incident and accomplishment of rendering company blueprint since touching on in 1998 and having served considerably Chief Monetary Officer since 2003. These changes sentinel effective though of Feb 16, 2019.
In announcing his retirement, Mr. Bassoul plans to branch of learning on his family ray his welldisposed efforts try his Bassoul Dignity Base. Mr. Bassoul will retain as a consultant unexpected the Object of ridicule. The fellowship also proclaimed that business veteran Painter Brewer has been promoted to Be bothered Vice Chair and Mislead Operating Public official of Middleby. During his 12 geezerhood at Middleby Mr. Shaper led sequence initiatives take in the Advert Foodservice Bunch and was responsible help out successfully propulsion the Middl
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Middleby
American cooking equipment manufacturer
The Middleby Corporation is a publicly traded American company based in Elgin, Illinois. The company manufactures commercial cooking equipment, industrial processing equipment, and residential appliances. The commercial cooking equipment side of Middleby does business with 97 out of the top 100 food service chains in the United States and internationally.[6][7]
History
[edit]Portable ovens
[edit]The company was founded by Joseph Middleby and John Marshall in Chicago in 1888 as a bakery supplier. The company made custom portable ovens for the bakery industry. Middleby sold the company to Marshall in the early 1900s.[6] The company was privately held by descendants of Marshall until it was purchased by a private company in 1976.[6] The company was purchased by TMC Industries Ltd. in 1983 and changed its name to The Middleby Corporation in 1985 and moved its headquarters to Elgin, Illinois in the late 1980s.[6]
Expansion
[edit]By 1996, the company had expanded its manufacturing base overseas and had opened a manufacturing and training facility employing 190 in Santa Rosa, Laguna, the Philippines.[8]
By 2006, the company had successfully streamlined operat