Management ChangeNov 5, 2026, 07:37 AM
Middleby Corp. CEO Tim FitzGerald to Retire; Steve Spittle to Succeed
AI Summary
Middleby Corporation announced a CEO transition. Timothy J. FitzGerald will step down as CEO on March 31, 2027, after nearly three decades with the company, including leading its recent portfolio transformation. Steven P. Spittle, currently Chief Commercial Officer, has been promoted to President effective immediately and will succeed FitzGerald as CEO on April 1, 2027. Spittle will also join the Board of Directors at that time. FitzGerald will assist with the transition during the interim period.
Key Highlights
- Timothy J. FitzGerald to transition out as CEO of Middleby Corp. effective March 31, 2027.
- Steven P. Spittle promoted to President immediately, and will succeed FitzGerald as CEO on April 1, 2027.
- Spittle will also join the Board of Directors effective April 1, 2027.
- FitzGerald will remain CEO until March 31, 2027, to ensure an orderly transition.
- Spittle's new annual base salary will be $850,000.
- Middleby Corp. completed its portfolio transformation earlier this year, becoming a pure-play commercial foodservice company.
Price Impact
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