JBT Corporation Appoints Matthew Meister Executive Vice President and Chief Financial Officer
JBT Corporation (NYSE: JBT) has officially appointed Matthew Meister as its Executive Vice President and Chief Financial Officer, effective immediately. Meister, who has been serving as Interim CFO since September 2020, has a background as Vice President and CFO for JBT Protein. His extensive experience in global manufacturing and finance positions him well to lead the finance team. CEO Brian Deck expressed confidence in Meister's ability to drive business growth and shareholder value. Meister is committed to executing the company's strategic goals.
- Matthew Meister's permanent appointment as CFO signals stability in leadership.
- Meister's extensive experience in global manufacturing will strengthen financial strategies.
- Support from CEO Brian Deck indicates confidence in Meister's capabilities.
- Transition from interim to permanent CFO could raise concerns about continuity.
- Possible experience gaps may exist if the transition timeline was rushed.
CHICAGO, Dec. 15, 2020 /PRNewswire/ -- JBT Corporation (NYSE: JBT) announced today that Matthew Meister has been appointed Executive Vice President and Chief Financial Officer. Mr. Meister has served as Interim CFO of JBT since September 2020 and previously served as Vice President and CFO for JBT Protein since 2019. His appointment is effective immediately.
"I am delighted that Matt will be a permanent part of our executive leadership team," said Brian Deck, JBT's President and CEO. "As interim CFO, he has been a great source of support and leadership amid unprecedented challenges. Matt brings extensive experience in global manufacturing and significant financial acumen to the CFO role. His depth of industry knowledge and significant financial and operational experience make him the ideal person to continue to lead our finance team as we grow the business and drive shareholder value."
Mr. Meister said, "I am grateful for the opportunity to serve as CFO on a permanent basis. The last several months have affirmed my confidence in JBT's talented team, financial strength and potential. I am excited to continue working with Brian and the rest of the leadership team to execute our strategy to be a true solutions partner for our customers and to create sustainable value for our shareholders."
About Matt Meister
Matt Meister joined JBT in May 2019 with extensive experience in global manufacturing across various industries, including his prior roles at IDEX Corporation where he held several operational finance leadership roles, most recently serving as Group Vice President, Health and Science Technologies. Prior to joining IDEX, he held various roles of increasing responsibility at Navistar International Corporation. Mr. Meister holds an MBA from The University of Chicago Booth School of Business and an undergraduate degree in Finance and Operations Management from Washington University in St. Louis.
JBT Corporation (NYSE: JBT) is a leading global technology solutions provider to high-value segments of the food & beverage industry with focus on proteins, liquid foods and automated system solutions. JBT designs, produces and services sophisticated products and systems for multi-national and regional customers through its FoodTech segment. JBT also sells critical equipment and services to domestic and international air transportation customers through its AeroTech segment. JBT Corporation employs approximately 6,200 people worldwide and operates sales, service, manufacturing and sourcing operations in more than 25 countries. For more information, please visit www.jbtc.com.
Forward-Looking Statements
This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are information of a non-historical nature and are subject to risks and uncertainties that are beyond JBT's ability to control. Forward-looking statements include, among others, statements relating to the expected impact of the COVID-19 pandemic on our business and our results of operations, our plans to mitigate the impact of the pandemic, our future financial performance, our strategic plans, our restructuring plans and expected cost savings from those plans and our liquidity. These risks and uncertainties include, but are not limited to: the duration of the COVID-19 pandemic and the effects of the pandemic on our ability to operate our business and facilities, on our customers, on our supply chains and on the economy generally; fluctuations in our financial results; unanticipated delays or acceleration in our sales cycles; deterioration of economic conditions; disruptions in the political, regulatory, economic and social conditions of the countries in which we conduct business; changes to trade regulation, quotas, duties or tariffs; risks associated with current and future acquisitions; potential effects of the U.K.'s exit from the E.U.; fluctuations in currency exchange rates; difficulty in implementing our business strategies; increases in energy or raw material prices and availability of raw materials; changes in food consumption patterns; impacts of pandemic illnesses, food borne illnesses and diseases to various agricultural products; weather conditions and natural disasters; impact of climate change and environmental protection initiatives; risks related to corporate social responsibility; our ability to comply with the laws and regulations governing our U.S. government contracts; acts of terrorism or war; termination or loss of major customer contracts and risks associated with fixed-price contracts; customer sourcing initiatives; competition and innovation in our industries; our ability to develop and introduce new or enhanced products and services and keep pace with technological developments; difficulty in developing, preserving and protecting our intellectual property or defending claims of infringement; catastrophic loss at any of our facilities and business continuity of our information systems; cyber-security risks; loss of key management and other personnel; potential liability arising out of the installation or use of our systems; our ability to comply with U.S. and international laws governing our operations and industries; increases in tax liabilities; work stoppages; fluctuations in interest rates and returns on pension assets; availability of and access to financial and other resources; and other factors described under the captions "Risk Factors" in the Company's most recent Annual Report on Form 10-K and the Company's most recent Quarterly Report on Form 10-Q filed by JBT with the Securities and Exchange Commission. In addition, many of our risks and uncertainties are currently amplified by and will continue to be amplified by the COVID-19 pandemic. Given the highly fluid nature of the COVID-19 pandemic, it is not possible to predict all such risks and uncertainties. JBT cautions shareholders and prospective investors that actual results may differ materially from those indicated by the forward-looking statements. JBT undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future developments, subsequent events or changes in circumstances or otherwise.
Investors & Media: Megan Rattigan (312) 861-6048
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SOURCE JBT Corporation
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