Middleby Appoints Ed Garden and Julie Bowerman to its Board of Directors
Middleby (NASDAQ: MIDD) announced the appointment of Julie Bowerman and Ed Garden to its Board of Directors, effective immediately. Ms. Bowerman, with over 25 years in the food and beverage industry, is the Chief Marketing Officer of Kellanova Company. She has held senior roles at Kellogg Company, Hain Celestial Group, and The Coca-Cola Company, driving digital and omni-channel growth. She also serves on the Boards of Bridges Consumer Healthcare and Brixmor Property Group. Mr. Garden, Founding Partner of Garden Investments and former Chief Investment Officer at Trian Partners, brings investment and financial expertise. He has served on boards of General Electric, Invesco , Legg Mason, and others.
CEO Tim FitzGerald expressed confidence in their contributions to Middleby's long-term strategy and shareholder value. Board Chairman Gordon O’Brien emphasized their roles in governance and shareholder engagement. The Board will temporarily expand to eleven directors, with ten being independent. Both appointees will stand for election at Middleby's 2025 Annual Meeting. Long-standing director John Miller will retire and not seek re-election. A cooperation agreement with Garden Investments supports the full slate of directors at the Annual Meeting.
Middleby (NASDAQ: MIDD) ha annunciato la nomina di Julie Bowerman e Ed Garden nel suo Consiglio di Amministrazione, con effetto immediato. La signora Bowerman, con oltre 25 anni di esperienza nell'industria alimentare e delle bevande, è il Chief Marketing Officer della Kellanova Company. Ha ricoperto ruoli di alto livello presso Kellogg Company, Hain Celestial Group e The Coca-Cola Company, contribuendo alla crescita digitale e omni-channel. Inoltre, è membro dei Consigli di Amministrazione di Bridges Consumer Healthcare e Brixmor Property Group. Il signor Garden, socio fondatore di Garden Investments e ex Chief Investment Officer di Trian Partners, porta con sé competenze in investimenti e finanza. Ha fatto parte dei consigli di amministrazione di General Electric, Invesco, Legg Mason e altri.
Il CEO Tim FitzGerald ha espresso fiducia nel loro contributo alla strategia a lungo termine di Middleby e al valore per gli azionisti. Il Presidente del Consiglio Gordon O’Brien ha sottolineato il loro ruolo nella governance e nel coinvolgimento degli azionisti. Il Consiglio si espanderà temporaneamente a undici membri, di cui dieci saranno indipendenti. Entrambi i nominati si presenteranno per l'elezione all'Assemblea Annuale di Middleby del 2025. Il direttore di lunga data John Miller si ritirerà e non cercherà la rielezione. Un accordo di cooperazione con Garden Investments sostiene l'intero elenco di direttori all'Assemblea Annuale.
Middleby (NASDAQ: MIDD) anunció el nombramiento de Julie Bowerman y Ed Garden en su Junta Directiva, con efecto inmediato. La Sra. Bowerman, con más de 25 años en la industria de alimentos y bebidas, es la Directora de Marketing de Kellanova Company. Ha ocupado puestos de alto nivel en Kellogg Company, Hain Celestial Group y The Coca-Cola Company, impulsando el crecimiento digital y omnicanal. También forma parte de las Juntas de Bridges Consumer Healthcare y Brixmor Property Group. El Sr. Garden, socio fundador de Garden Investments y ex Director de Inversiones de Trian Partners, aporta experiencia en inversiones y finanzas. Ha servido en las juntas de General Electric, Invesco, Legg Mason y otras.
El CEO Tim FitzGerald expresó confianza en sus contribuciones a la estrategia a largo plazo de Middleby y al valor para los accionistas. El Presidente de la Junta Gordon O’Brien enfatizó sus roles en la gobernanza y el compromiso con los accionistas. La Junta se expandirá temporalmente a once directores, de los cuales diez serán independientes. Ambos nombrados se presentarán a elecciones en la Asamblea Anual de Middleby de 2025. El director de larga data John Miller se retirará y no buscará la reelección. Un acuerdo de cooperación con Garden Investments respalda la lista completa de directores en la Asamblea Anual.
Middleby (NASDAQ: MIDD)는 Julie Bowerman과 Ed Garden을 이사회에 즉시 임명했다고 발표했습니다. Bowerman 씨는 식음료 산업에서 25년 이상의 경력을 가지고 있으며 Kellanova Company의 최고 마케팅 책임자입니다. 그녀는 Kellogg Company, Hain Celestial Group 및 The Coca-Cola Company에서 고위직을 역임하며 디지털 및 옴니채널 성장에 기여했습니다. 또한 Bridges Consumer Healthcare와 Brixmor Property Group의 이사로도 활동하고 있습니다. Garden 씨는 Garden Investments의 창립 파트너이자 Trian Partners의 전 Chief Investment Officer로서 투자 및 재무 전문 지식을 제공합니다. 그는 General Electric, Invesco, Legg Mason 등 여러 이사회의 일원으로 활동했습니다.
CEO Tim FitzGerald는 Middleby의 장기 전략과 주주 가치를 위한 그들의 기여에 대한 확신을 표명했습니다. 이사회 의장 Gordon O’Brien는 거버넌스와 주주 참여에서의 그들의 역할을 강조했습니다. 이사회는 임시로 11명의 이사로 확대되며 그 중 10명은 독립 이사입니다. 두 임명자는 Middleby의 2025년 연례 총회에서 선거에 나설 것입니다. 오랜 이사인 John Miller는 은퇴하고 재선에 나서지 않을 것입니다. Garden Investments와의 협력 계약은 연례 총회에서 모든 이사 명단을 지원합니다.
Middleby (NASDAQ: MIDD) a annoncé la nomination de Julie Bowerman et Ed Garden au sein de son Conseil d'Administration, avec effet immédiat. Mme Bowerman, forte de plus de 25 ans d'expérience dans l'industrie alimentaire et des boissons, est Directrice Marketing de Kellanova Company. Elle a occupé des postes de direction chez Kellogg Company, Hain Celestial Group et The Coca-Cola Company, favorisant la croissance numérique et omnicanale. Elle siège également aux conseils de Bridges Consumer Healthcare et de Brixmor Property Group. M. Garden, partenaire fondateur de Garden Investments et ancien Directeur des Investissements chez Trian Partners, apporte une expertise en investissement et en finance. Il a siégé aux conseils de General Electric, Invesco, Legg Mason et d'autres.
Le PDG Tim FitzGerald a exprimé sa confiance dans leurs contributions à la stratégie à long terme de Middleby et à la valeur pour les actionnaires. Le Président du Conseil Gordon O’Brien a souligné leur rôle dans la gouvernance et l'engagement des actionnaires. Le Conseil sera temporairement élargi à onze administrateurs, dont dix seront indépendants. Les deux nommés se présenteront aux élections lors de l'Assemblée Générale de Middleby en 2025. Le directeur de longue date John Miller prendra sa retraite et ne sollicitera pas de réélection. Un accord de coopération avec Garden Investments soutient la liste complète des administrateurs lors de l'Assemblée Générale.
Middleby (NASDAQ: MIDD) gab die Ernennung von Julie Bowerman und Ed Garden in seinen Vorstand bekannt, die sofort wirksam wird. Frau Bowerman, die über 25 Jahre Erfahrung in der Lebensmittel- und Getränkeindustrie verfügt, ist Chief Marketing Officer der Kellanova Company. Sie hatte leitende Positionen bei der Kellogg Company, der Hain Celestial Group und der Coca-Cola Company inne und trieb das digitale und omnichannel Wachstum voran. Sie ist auch Mitglied der Vorstände von Bridges Consumer Healthcare und Brixmor Property Group. Herr Garden, Gründungspartner von Garden Investments und ehemaliger Chief Investment Officer bei Trian Partners, bringt Erfahrung in Investitionen und Finanzen mit. Er hat in den Vorständen von General Electric, Invesco, Legg Mason und anderen gedient.
CEO Tim FitzGerald äußerte Vertrauen in deren Beiträge zur langfristigen Strategie von Middleby und zum Shareholder-Value. Der Vorsitzende des Vorstands Gordon O’Brien betonte deren Rolle in der Governance und der Aktionärsbeteiligung. Der Vorstand wird vorübergehend auf elf Direktoren erweitert, wobei zehn unabhängig sind. Beide Ernannten werden sich bei der Jahreshauptversammlung von Middleby 2025 zur Wahl stellen. Der langjährige Direktor John Miller wird in den Ruhestand treten und nicht zur Wiederwahl antreten. Eine Kooperationsvereinbarung mit Garden Investments unterstützt die vollständige Liste der Direktoren bei der Jahreshauptversammlung.
- Appointment of experienced directors Julie Bowerman and Ed Garden
- Enhanced governance with ten independent directors
- Strategic focus on long-term shareholder value
- Support from Garden Investments for full slate of directors
- Retirement of long-standing director John Miller
Ms. Bowerman is an experienced public company director with more than 25 years of success in the food and beverage industry. She currently serves as Chief Marketing Officer of Kellanova Company. Ms. Bowerman previously served as Chief Marketing Officer and E-Commerce Officer of Kellogg Company before Kellanova was created through a 2023 spin-off by Kellogg’s. Prior to that, she held senior leadership positions at Hain Celestial Group and The Coca-Cola Company. In those roles, Ms. Bowerman led the global development of digital capabilities and omni-channel business models that generated incremental topline growth and bottom-line accretion. She currently serves on the Boards of Bridges Consumer Healthcare LLC and Brixmor Property Group.
Mr. Garden is the Founding Partner of Garden Investments and was formerly the Chief Investment Officer and a Founding Partner of Trian Partners, and currently serves as a director at General Electric Company. He brings investment and financial expertise, as well as a strong track record of enhancing value for shareholders. With deep public company board experience, Mr. Garden has previously served as a director of, among other companies, Invesco Ltd., Legg Mason, Inc., The Bank of New York Mellon Corporation, Family Dollar Stores, Inc., Pentair plc and The Wendy’s Company.
“We are pleased to welcome Julie and Ed to Middleby’s Board,” said Tim FitzGerald, Middleby CEO. “We are confident they will be valuable additions to our boardroom with unique expertise and insights as we advance the execution of Middleby’s long-term strategy and maximize shareholder value. I look forward to partnering with Julie and Ed on the path ahead to continue unlocking Middleby’s value potential as we optimize our portfolio and complete our spin-off transaction to best position Middleby Food Processing and Middleby RemainCo for success and industry leadership.”
“The Board additions announced today reflect Middleby’s long-standing commitment to best-in-class governance practices and active, constructive shareholder engagement,” said Gordon O’Brien, Middleby Board Chairman. “The appointment of Julie follows a comprehensive and ongoing review of a strong slate of candidates, supported by external advisors, all as part of our refreshment process. As Middleby moves into its next chapter, we are confident that Julie and Ed will strengthen our Board’s depth of expertise with their fresh perspectives as we drive value for our shareholders.”
“It is a privilege to join Middleby’s Board at this pivotal time for the Company as it executes its value-enhancing spin-off transaction, creating two standalone, independent companies that will each be able to pursue their own growth strategies with renewed focus and vigor,” said Mr. Garden. “Middleby is a great company and well-positioned at the forefront of the industry, with positive momentum and a clear strategy to optimize its portfolio and drive future growth and shareholder value. I look forward to working closely with Tim and the rest of the Board and management team to support the strategic and operational initiatives underway and create long-term value for shareholders.”
With the additions of Ms. Bowerman and Mr. Garden to the Company’s Board, the Board will temporarily expand to eleven directors, ten of whom are independent. Ms. Bowerman and Mr. Garden will stand for election at Middleby’s 2025 Annual Meeting of Shareholders (the “Annual Meeting”) as part of the Company’s recommended slate of director nominees. In addition, long-standing director John Miller has notified the Company of his plans to retire and that he does not intend to stand for re-election at the Annual Meeting. Following the Annual Meeting, Middleby’s Board will be fixed at ten directors.
“On behalf of the entire Board, we would like thank John for his invaluable contributions to Middleby over his many years on our Board,” said Mr. O’Brien. “He has been instrumental in the success of the Company over the past several decades and from its public inception. John has contributed greatly to the growth of the Company from its small beginnings into the global foodservice leader it is today. We wish him all the best in retirement.”
Mr. Garden’s appointment is in connection with a cooperation agreement the Company has made with Garden Investments, pursuant to which Garden Investments has agreed to support the full slate of directors at the Annual Meeting, among other provisions. A complete copy of the cooperation agreement will be filed on Form 8-K with the
About The Middleby Corporation
The Middleby Corporation is a global leader in the foodservice industry. The company develops and manufactures a broad line of solutions used in commercial foodservice, food processing, and residential kitchens. Middleby showcases its advanced solutions in the Middleby Innovation Kitchens for commercial foodservice, industrial baking and protein Innovation Centers for food processing solutions and state-of-the-art, award-winning Middleby Residential showrooms. For more information about Middleby, please visit www.middleby.com.
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Investor relations inquiries:
John Joyner
VP of Investor Relations
jjoyner@middleby.com
Media inquiries:
Darcy Bretz
VP of Corporate Communications
dbretz@middleby.com
OR
Sharon Stern / Kaitlin Kikalo / Thomas Crosson
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449
MIDD-Media@joelefrank.com
Source: The Middleby Corporation
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