The president of manufacturer Manitowoc’s worldwide foodservice design is leaving the company after tendering his resignation.
Michael Kachmer, who is also a senior VP of the company, is relinquishing his duties to pursue a chief executive officer role.
Manitowoc confirmed his resignation last week and said that chairman and CEO Glen Tellock would step into the breach until a permanent replacement could be found.
It said it had already identified “several strong internal candidates” who were being considered for the foodservice president post.
“Mike has been instrumental to the development of Manitowoc Foodservice and leaves the segment poised for additional growth in 2013 and beyond as we continue to execute on strategies to gain market share, drive innovation in our core brands and improve operational efficiencies across our global footprint,” stated Tellock.
Manitowoc’s latest financials show that the foodservice business brought in sales of $363m (£237m) for the most recent quarter, up 7% year-on-year.