Manitowoc Foodservice’s new global CEO, Hubertus Muehlhaeuser, sees the long-term priority of the company as regaining the number one foodservice equipment manufacturer status that one of its acquisitions, Enodis, had a few years ago.
“I feel we have all the necessary ingredients to drive that growth,” he commented. “We haven’t been growing the way we wanted to over the last few years, because the focus was on cranes and foodservice. But now we will be focusing on foodservice only, it will drive growth for sure.”
His main task since joining the manufacturer on 1 August has been to make sure the foodservice division of Manitowoc has a successful spin-off on the stock exchange to form a new company, separate from the group’s cranes division.
Manitowoc is targeting the split to happen in the first quarter of this year. Muehlhaeuser detailed: “Operationally that’s fairly simple, because the two companies are very different – they have little in common, so the spin is absolutely the right thing to do.
“But we had to create an independent support structure for the two divisions. Everybody’s roles have been identified and they are now working 100% on cranes or foodservice.
“What has kept us busy is identifying the management team to lead the foodservice division, and there we have made great progress.”
To this end, in recent months Manitowoc has announced the appointment of John O Stewart as the chief financial officer (CFO) of the foodservice company, as well as adding Tim Fenton (ex-McDonalds’ COO) and Tom Davis (president and CEO at casing solutions supplier Viskase Corporation) to the board of directors.
For the full interview, view this month’s issue of Catering Insight here.