Middleby Corporation Appoints Amy Campbell as CFO of Its Food Processing Division
Leadership Appointment for Independent Food Processing Business
The Middleby Corporation, a global leader in the foodservice industry, has announced that Amy Campbell will serve as Chief Financial Officer of its Food Processing business once it becomes an independent publicly traded company, with the transition expected to be completed in the second quarter of 2026, marking a significant step in the company’s broader strategic transformation as it prepares to separate its food processing division into a standalone entity with dedicated leadership and operational focus while strengthening its ability to pursue growth opportunities and deliver value to shareholders
Strengthening the Executive Leadership Team
The appointment of Amy Campbell follows the earlier announcement of Mark Salman as Chief Executive Officer of the Food Processing business and represents the completion of a fully formed executive leadership team that will guide the new independent company through its next phase of growth and development, with Campbell joining Middleby effective immediately to begin preparing the financial infrastructure, governance framework, and operational systems necessary to support the transition to a publicly listed entity while aligning financial strategy with long-term business objectives
CEO Perspective on the Appointment
Mark Salman, who will assume the role of CEO upon completion of the spin-off, emphasized the importance of Campbell’s appointment in building a strong leadership foundation for the business, highlighting her extensive experience in financial management, industrial manufacturing, and public company operations as critical assets for the organization, noting that her proven ability to lead finance functions through periods of growth and transformation positions her as an ideal leader to establish the financial discipline and strategic direction required for the company’s success as an independent public entity while expressing enthusiasm about her addition to the leadership team
Extensive Financial Leadership Experience
Amy Campbell brings a wealth of experience in financial leadership, having most recently served as Chief Financial Officer of REV Group, Inc. since April 2024, where she played a key role in overseeing financial strategy, operational performance, and organizational transformation initiatives, prior to which she held the position of CFO at ASC Engineered Solutions and also served as CFO for the Commercial and Industrial Division of BrandSafway, demonstrating her ability to manage complex financial operations across diverse industrial sectors and deliver measurable results in dynamic business environments
Long Tenure and Expertise at Caterpillar
Earlier in her career, Campbell spent 23 years at Caterpillar Inc., where she held multiple senior finance roles, including segment Chief Financial Officer positions, Vice President of Investor Relations, and Chief Audit Officer, gaining extensive experience in financial planning, capital allocation, risk management, and investor communications while contributing to the company’s growth and operational excellence across global markets, with her tenure at Caterpillar providing a strong foundation in industrial manufacturing and large-scale corporate finance that will be instrumental in her new role
Professional Credentials and Educational Background
Campbell’s professional qualifications further underscore her expertise and readiness for the role, as she is a Certified Public Accountant, a Certified Internal Auditor, and a Certified Six Sigma Black Belt, reflecting her commitment to financial accuracy, operational efficiency, and continuous improvement, in addition to holding a bachelor’s degree in accounting from Illinois Wesleyan University and completing executive education programs at Northwestern University’s Kellogg School of Management and Duke University, which have enhanced her leadership capabilities and strategic perspective in complex organizational settings
Vision for the Food Processing Business
Upon her appointment, Campbell expressed enthusiasm about joining the Food Processing business at a pivotal moment in its evolution, emphasizing the company’s strong market position, industry-leading brands, and innovative total line solution offerings as key drivers of future growth while highlighting the benefits of operating as an independent entity, including increased focus, flexibility, and the ability to execute a targeted growth strategy, with plans to work closely with Mark Salman and the broader leadership team to establish a robust financial framework that supports long-term value creation and sustainable growth
Complete Executive Leadership Structure
With Campbell’s appointment, the executive leadership team for the Food Processing business is now fully established, comprising Mark Salman as Chief Executive Officer, Mark Bowie as Chief Operating Officer, Matt Fuchsen as Chief Strategy Officer, and Rob Fagan leading Investor Relations and Financial Planning and Analysis, bringing together a group of experienced leaders with deep industry knowledge, operational expertise, and a strong track record of delivering results, positioning the company to successfully navigate the transition to independence and capitalize on emerging opportunities in the food processing sector
Strategic Rationale for the Spin-Off
The planned spin-off of the Food Processing business is a key component of Middleby’s broader portfolio transformation strategy, designed to unlock shareholder value by creating three distinct, focused, and industry-leading businesses, each with its own strategic priorities, capital allocation approach, and growth initiatives, with the separation enabling the Food Processing business to pursue independent decision-making, optimize its capital structure, and accelerate expansion through targeted investments, innovation, and acquisitions while enhancing its ability to respond to market dynamics and customer needs
Growth Opportunities and Market Positioning
As an independent public company, the Food Processing business will be well-positioned to leverage its strong brand portfolio, advanced technological capabilities, and comprehensive product offerings to drive growth in a competitive and evolving market, with opportunities to expand its presence across key segments such as industrial food production, automation, and processing solutions while continuing to invest in innovation and customer-centric solutions that address the changing demands of the global food industry, ensuring long-term competitiveness and sustained value creation
About The Middleby Corporation
The Middleby Corporation is widely recognized as a global leader in the foodservice and food processing industries, developing and manufacturing a diverse range of solutions used in commercial kitchens and industrial food production environments, with its portfolio encompassing advanced equipment, integrated systems, and innovative technologies designed to improve efficiency, quality, and performance, supported by its state-of-the-art Middleby Innovation Kitchens and specialized innovation centers for industrial baking and protein processing, which serve as hubs for research, development, and customer collaboration, reinforcing the company’s commitment to innovation and excellence across its operations
Future Outlook and Transition Timeline
The spin-off of the Food Processing business remains on track for completion in the second quarter of 2026, with the newly formed leadership team focused on ensuring a smooth transition and establishing a strong foundation for the independent company’s future success, as Middleby continues to execute its strategic vision of creating focused, high-performing businesses that deliver enhanced value to customers and shareholders alike while positioning the Food Processing division for accelerated growth, operational excellence, and long-term leadership in the global food processing industry.
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