Amy Campbell brings a wealth of experience to her new role, having previously served as CFO of REV Group, Inc., a leading manufacturer of specialty vehicles. Her extensive background includes significant positions at ASC Engineered Solutions and BrandSafway, as well as a notable 23-year tenure at Caterpillar, Inc., where she held various CFO roles and was Vice President of Investor Relations. Campbell's proven track record in leading finance organizations through periods of growth and transformation positions her well to establish a solid financial foundation for the Food Processing business as it transitions to independence.
Mark Salman expressed confidence in Campbell's capabilities, stating, "Her proven track record leading finance organizations through periods of significant growth and transformation makes her ideally suited to establish the financial foundation for our business as an independent public company. I am thrilled to have Amy join our leadership team as we capture the significant growth opportunities ahead."
The spin-off of the Food Processing business is part of Middleby's strategic portfolio transformation aimed at maximizing shareholder value by creating three focused, industry-leading businesses. This separation will allow the Food Processing business to pursue its own capital allocation strategy, optimize its capital structure, and accelerate growth through strategic investments and acquisitions.
As the Food Processing business prepares for its launch as an independent entity, the leadership team, including Campbell and Salman, is focused on leveraging the company's industry-leading brands and innovative solutions to drive future growth. Campbell's appointment is seen as a critical step in ensuring the financial stability and success of the new company as it embarks on this exciting journey.
