Middleby Corp Names Amy Campbell CFO of Food Processing Business Ahead of Spin-Off

Key Leadership Appointment Completes Executive Team Prior to Major Corporate Restructuring

The Middleby Corporation (NASDAQ: MIDD), a global leader in the foodservice industry, has announced the appointment of Amy Campbell as Chief Financial Officer (CFO) of its Food Processing division. This new role will become effective as the business is spun off into an independent, publicly traded company, a move scheduled for the second quarter of 2026.

Key Points in the Report

• Amy Campbell’s Appointment: Campbell brings significant experience in industrial manufacturing and public company operations. She joins Middleby from REV Group, Inc. (NYSE: REVG), where she has served as CFO since April 2024. Her background also includes CFO roles at ASC Engineered Solutions and BrandSafway’s Commercial and Industrial Division, as well as a 23-year career at Caterpillar, Inc., holding several segment CFO roles, VP of Investor Relations, and Chief Audit Officer positions.
• Spin-Off of Food Processing Business: Middleby’s Food Processing unit is set to become an independent public company in Q2 2026. This is part of a broader strategic portfolio transformation, with the goal of creating three focused, industry-leading businesses.
• Executive Team Finalized: The leadership team for the new entity is now complete:
  • Mark Salman – Chief Executive Officer
  • Mark Bowie – Chief Operating Officer
  • Matt Fuchsen – Chief Strategy Officer
  • Rob Fagan – Head of Investor Relations & FP&A
  • Amy Campbell – Chief Financial Officer
• Campbell’s Credentials: She is a Certified Public Accountant, Certified Internal Auditor, and Certified 6 Sigma Blackbelt. She holds a bachelor’s degree in accounting from Illinois Wesleyan University, and is an alumna of Northwestern University’s Kellogg School of Management Women’s Senior Leadership program and Duke University’s Digging Deep Leadership program.
• Growth Strategy: As an independent company, the Food Processing business will focus on capital allocation, optimizing its capital structure, and accelerating growth through strategic investments and acquisitions.

Shareholder Considerations and Potential Price Sensitive Information

• Impending Spin-Off: The separation of the Food Processing business could unlock shareholder value by allowing for focused capital allocation and strategy tailored to the unique needs of the food processing sector.
• Experienced Leadership: The completion of an experienced executive team, especially with a CFO of Campbell’s caliber, strengthens the prospects of the new entity and may enhance investor confidence and valuation.
• Forward-Looking Statements and Caution: The company notes that the spin-off is subject to closing conditions and regulatory approvals. There is a risk that the transaction may not be completed as anticipated, or at all, which could impact share price. Market, regulatory, and operational risks remain, and any disruptions or failure to achieve expected benefits from the spin-off could also affect valuation.
• Strategic Focus: The new company’s ability to pursue acquisitions and optimize capital could drive future growth and returns, but execution risks exist.
• Potential Volatility: Any news or developments regarding the spin-off, its timing, or composition of the leadership team may be price sensitive and could lead to share price volatility in the run-up to, and immediately following, the separation.

Investor Contact Information

• Investors: Rebecca Ellin, SVP of Investor Strategy and Corporate Development, [email protected]
• Media: Darcy Bretz, VP of Corporate Communications, [email protected]
• Media: Kate Schneiderman, Managing Director, ICR, [email protected]

About Middleby

The Middleby Corporation is a global leader in foodservice and food processing solutions. The company’s advanced innovations are showcased in the Middleby Innovation Kitchens and industrial Innovation Centers. For more, visit www.middleby.com.

Disclaimer

This article includes forward-looking statements based on current expectations and projections about future events. Actual results may differ materially due to various risks and uncertainties, including market, regulatory, and operational factors, as well as the successful completion and outcome of the proposed spin-off. This is not an offer to buy or sell securities. Investors should consult company filings and their own advisors for detailed risk factors and further information.

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