Business
Middleby Names Mark Salman to Lead Food Processing Business as Chief Executive Officer; Mark Bowie Named Chief Operating Officer
ELGIN, Ill., February 26, 2026--The Middleby Corporation (NASDAQ: MIDD), a global leader in the foodservice industry, today announced that Mark Salman, currently President of the Middleby Food Processing Group (FPG), will serve as Chief Executive Officer of the Food Processing business when it becomes an independent public company in the second quarter of 2026. It was also announced that Mark Bowie will serve as the Chief Operating Officer of the Food Processing business upon the completion of t
About this update from The Middleby Corporation
[{"type":"text","content":"Current Food Processing President to Assume CEO Role Upon Completion of Q2 2026 Spin-Off","length":88,"tagName":"p","attribs":{}},{"type":"text","content":"ELGIN, Ill., February 26, 2026--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD), a global leader in the foodservice industry, today announced that Mark Salman, currently President of the Middleby Food Processing Group (FPG), will serve as Chief Executive Officer of the Food Processing business when it becomes an independent public company in the second quarter of 2026. It was also announced that Mark Bowie will serve as the Chief Operating Officer of the Food Processing business upon the completion of the spin-off transaction.","length":541,"tagName":"p"},{"type":"text","content":"Mr. Salman will continue in his current role as President of Middleby FPG during the separation process and will assume the CEO position effective upon the completion of the spin-off transaction. Under his leadership, the Food Processing segment has demonstrated exceptional performance, achieving industry-leading adjusted EBITDA margins and generating $850 million in revenue in 2025.","length":386,"tagName":"p"},{"type":"text","content":""Mark has been instrumental in building our Food Processing business into the industry-leading platform it is today," said Tim FitzGerald, Middleby CEO. "His deep understanding of our customers' needs, proven track record of operational excellence, and strategic vision make him the ideal leader to guide this business through its transformation into an independent public company. Mark's leadership has been central to our success in delivering comprehensive automation solutions that address the evolving challenges facing food processors globally."","length":579,"tagName":"p"},{"type":"text","content":"As President of Middleby FPG since 2018, Mr. Salman has overseen the integration of 16 strategic acquisitions representing approximately $300 million in combined annual revenues. These strategic additions, combined with strong organic growth, have expanded the business from $390 million in revenue in 2018 to $850 million in 2025. His leadership has been pivotal in developing total line solutions for industrial protein, bakery, and snack processors, while maintaining best-in-class financial performance. This successful expansion has es...