Chief Risk and Administration Officer, Martin Lindsay, is retiring after nearly 25 years with Middleby. His tenure will come to an end in July, but he’ll remain on as an officer until the end of the year.
During his time with Middleby, it’s grown from a market cap of less than $100 million to where it is today at close to $8 billion with more than 120 brands.
Martin was integral in shaping Middleby into the company it is today. His leadership was critical at a time when the company, and his responsibilities, expanded very quickly. Middleby has solidified its position as a global leader under Martin’s skilled guidance, developing a culture embraced by both our employees and customers. His deep expertise in corporate treasury, legal matters and human resources has Middleby well-positioned for the future. Martin has been the cornerstone in solidifying our reputation of high integrity and strong ethics while keeping a heavy focus on our most valuable asset, our people. He has been a trusted business partner to me and the executive leadership team. He is leaving Middleby with a strong internal team he personally cultivated, to best support Middleby growth going forward. We are deeply appreciative of his efforts on behalf of Middleby, which has propelled the success of our customers and employees.Tim FitzGerald, Middleby CEO
Middleby also announced two officer promotions. First, Brittany Cerwin will become the Chief Accounting Officer.
She’s been in the accounting department at Middleby for more than a decade. Most recently she was Corporate Controller, which gave her responsibility over financial reporting for the organization and for financial integration of acquisitions.
Our corporate accounting processes have evolved significantly due to Middleby’s rapid expansion through organic growth and acquisitions. Our internal processes are seamless and highly accurate because of Brittany’s expertise and effective team leadership. Her knowledge base is extremely valuable to our business divisions and financial teams worldwide, as Middleby sales have grown nearly five-fold since she joined the company. Britt has been instrumental in supporting company growth by partnering with our brands in all three business segments to achieve our financial goals.Tim FitzGerald, Middleby CEO
Finally, Matthew Fuchsen is assuming the role of Chief Development Officer, building on his current responsibilities. He joined the Middleby tax team in 2011, with a promotion to VP of Tax in 2014. Since then, he’s added responsibilities around M&A, and added that to his VP title.
Middleby has been a very acquisitive company during Matthew’s tenure, including adding Masterbuilt, Char-Griller, and Kamado Joe to their Residential portfolio.
Under Matt’s leadership, Middleby has built three strong industry leading platforms with a wide global reach. The addition of strategic acquisitions allows us to offer customers innovation to address current trends and future growth prospects. Since Matt joined Middleby he has been involved in about half of the company’s acquisitions to date. He has proven to be a true partner in leadership as we execute our strategic growth initiatives within our business segments.Tim FitzGerald, Middleby CEO