Ali Group’s takeover of Scotsman Industries will culminate in a change of leadership and reporting structure at the ice machine maker next month, the company has confirmed.
The Italy-based catering equipment behemoth, which shelled out a reported $575m (£362m) to acquire the business in December, has revealed that Scotsman Industries will remain a US-based global group, but report directly to Ali Group North America.
Scotsman’s CEO Dave McCulloch and CFO Dave Wrench are to leave their positions, with managerial responsibilities being absorbed by Filippo Berti and Christa Miller, CEO and CFO of Ali Group North America respectively.
The changes will take effect from February 15, which marks the end of the planned transition period.
Luciano Berti, chairman and CEO of the Ali Group, stated: “We would like to thank Dave McCulloch and Dave Wrench for their leadership and contributions to Scotsman Industries over the years, and for their assistance to Ali management in its successful acquisition and smooth transition of the business.”
Berti confirmed that Scotsman’s senior executives, Kevin Fink, Rich Gleitsmann, Emanuele Lanzani and their management teams will all remain in place.
The Ali Group, which is headquartered in Milan, operates globally through 72 brands and 8,000 employees. The acquisition of Scotsman is understood to give it instant leadership of the global ice machine market.