Welcome to the Arena from ICR – Conversations with Today's Innovators & Business Leaders Tim FitzGerald, CEO, The Middleby Corporation – One-Stop Shop: How one firm's platform services all of your kitchen needs
Anyone working in the food service industry knows the importance of operating efficiently, providing a quality product, and always prioritizing customer experience. Today's company, with its impressive roster of brands, has solutions to help with all of that.
Tim Fitzgerald is the CEO of the Middleby Corporation, which trades on NASDAQ under the symbol MIDD. Middleby is a worldwide manufacturer of solutions for the commercial kitchen, as well as residential, indoor, and outdoor appliances, and systems for industrial processing, packaging, and baking.
Tim was named CEO in 2019. Before that, he served as Chief financial Officer, a position he held since 2003. Since joining Middleby over 25 years ago, Tim has been heavily involved in company-wide strategic decisions and has led acquisition and business development activities, which has led to their portfolio of roughly 120 brands.
Today, Tim walks us through the impressive breadth of Middleby's offerings, their strategy for long-term value creation, and their ongoing commitment to innovation.
Highlights:
- Middleby's Evolution (2:15)
- Spinning off Food processing (6:02)
- Share Buybacks (10:09)
- The Middleby Advantage (12:12)
- Commitment to Innovation (14:01)
- Sustainability in Kitchens (16:52)
- Middleby's go-to-market strategy (19:04)
- Food Service Trends (21:29)
- Opportunities on the Horizon (23:39)
Links:
Feedback:
If you have questions about the show, or have a topic in mind you'd like discussed in future episodes, email our producer, joe@lowerstreet.co.