The Middleby Corporation announced that its Board of Directors has appointed Chief Commercial Officer Steven P. Spittle as President, effective immediately, and as Chief Executive Officer, effective April 1, 2027. Upon assuming the CEO role, Mr. Spittle will also join the Board of Directors. Outgoing CEO Timothy J. FitzGerald will step down from his position and the board on March 31, 2027, remaining through the transition period to assist with succession efforts. The leadership change follows Middleby's recent portfolio transformation, which included selling its Residential Kitchen business and spinning off its Food Processing unit as Midera. Mr. Spittle will receive an annual base salary of $850,000 under a new employment agreement.
