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Welbilt Inc (WBT.N)

WBT.N on New York Stock Exchange

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22 Jun 2018
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Summary

Name Age Since Current Position

Cynthia Egnotovich

59 Independent Chairperson of the Board

Hubertus Muhlhauser

48 President, Chief Executive Officer, Director

Haresh Shah

48 2017 Chief Financial Officer, Senior Vice President, Chief Accounting Officer, Controller

Josef Matosevic

46 2016 Chief Operating Officer, Senior Vice President

Joel Horn

48 2017 Senior Vice President, General Counsel, Secretary

Andreas Weishaar

42 2016 Senior Vice President - Strategy, Marketing and Human Resources

Richard Caron

53 2016 Senior Vice President - Innovation

Dino Bianco

55 Independent Director

Joan Chow

56 Independent Director

Thomas Davis

61 Independent Director

Brian Gamache

58 2017 Independent Director

Andrew Langham

43 Independent Director

Richard Sheffer

2016 Vice President of Investor Relations and Treasury

Biographies

Name Description

Cynthia Egnotovich

Ms. Cynthia M. Egnotovich is Independent Chairperson of the Board of the Company, She is the Chairperson of the Board and the chairperson of the Corporate Governance Committee. Ms. Egnotovich was also a director of MTW from 2008 until the Spin-Off when she resigned from the MTW Board of Directors. She served as President, Customer Service of Aerospace Systems of United Technologies Corporation (NYSE: UTX) from 2012 until her retirement in 2013. United Technologies Corporation (UTC), is a diversified company that provides a broad range of high-technology products and services to the global aerospace and building systems industries. The UTC Aerospace Systems Customer Service organization focused on program management of customer long-term agreements, sales, and technical support. Previous to her position with UTC, Ms. Egnotovich was Vice President (2002 to 2012) and Segment President, Nacelles and Interior Systems (2007 to 2012) of Goodrich Corporation. Goodrich Corporation was a leading aerospace manufacturer, located in Charlotte, NC, that was acquired by UTC in 2012. Ms. Egnotovich previously served as Segment President, Engine Systems (2005 to 2007); Segment President, Electronic Systems (2003 to 2005); and Segment President, Engine and Safety Systems (2002 to 2003), all at Goodrich Corporation. Ms. Egnotovich held other positions of increasing responsibility since joining Goodrich in 1986. Ms. Egnotovich also serves as a board member of Hexcel Corporation (NYSE: HXL).

Hubertus Muhlhauser

Mr. Hubertus M. Muehlhaeuser is President, Chief Executive Officer, Director of the Company. He was appointed President and Chief Executive Officer of Welbilt effective July 28, 2015. Prior to his appointment, he had served as Managing Partner of Karl-H. Muehlhaeuser GmbH & Co KG (a subsidiary of Mühlhäuser Holding GmbH (Switzerland)), a leader in the development, production, distribution and service of rail-bound and trackless tunneling and mining equipment from 2013 to 2015. Mr. Muehlhaeuser previously served as Senior Vice President and General Manager, Europe/Africa/Middle East for AGCO Corporation (NYSE: AGCO) (“AGCO”), a leading manufacturer and distributor of agricultural equipment and related replacement parts, in 2012. Prior thereto, he was Senior Vice President — Strategy & Integration and General Manager, Eastern Europe/Asia at AGCO from 2009 to 2011. From 2005 to 2011, Mr. Muehlhaeuser served as Senior Vice President — Strategy & Integration at AGCO, and from 2007 to 2011 he also served as General Manager — Engines. Prior to joining AGCO in 2005, he led the Global Strategy and Organization Practice at Arthur D. Little, Ltd., an international management consulting firm, was a member of the firm’s Global Management Team and was the firm’s Managing Director, Switzerland. Mr. Muehlhaeuser is also a member of the Board of FASTER S.p.A. (Italy), Cormoran de Bilbao S.L. (Spain), and he is the non-executive Chairman of the Board of Mühlhäuser Holding GmbH (Switzerland), where he is still the majority shareholder. Mr. Muehlhaeuser studied Business Administration at the European Business Schools in Oestrich Winkel and London, as well as the Universidad Argentina de la Empresa, and holds a Master of Business Administration degree from EBS University of Business and Law.

Haresh Shah

Mr. Haresh Shah serves as Chief Financial Officer, Senior Vice President, Chief Accounting Officer, Controller of the Company. Mr. Shah joined the Company as Vice President, Corporate Controller and Chief Accounting Officer effective June 13, 2016. Prior to joining the Company, he served as Vice President, Corporate Controller of Syniverse Technologies, LLC, a mobile communication services leader in mobile interoperability, mobile communications and mobile expertise, from 2012 until May 2016. He previously served in financial leadership roles at Amkor Technology, Inc., a leading provider of outsourced semiconductor packaging and test services, including Vice President, International Finance, from 2009 until 2012. Prior thereto, he held positions with increasing responsibility at Alcatel-Lucent, a provider of internet protocol (IP) and cloud networking and ultra-broadband access, from 2000 until 2008, including serving as Controller, Asia Pacific and China - Convergence Business Group. Mr. Shah earned a B.B.A. degree in accountancy from Bernard M. Baruch College in New York and is a Certified Public Accountant.

Josef Matosevic

Mr. Josef Matosevic is Chief Operating Officer, Senior Vice President of the Company. Mr. Matosevic was appointed Chief Operating Officer of Welbilt in August 2015. Prior to that, he served as Senior Vice President of Global Operational Excellence for MTW in 2014 after serving as the Executive Vice President - Global Operations and Purchasing for MTW Cranes since early 2012. Prior to joining MTW, Mr. Matosevic served in various executive positions with Oshkosh Corporation (NYSE: OSK), a designer, manufacturer and marketer of a broad range of specialty vehicles and vehicle bodies, from 2008-2012, including as that company’s Executive Vice President, Global Manufacturing Operations from 2010-2012, with responsibilities for the defense segment, global operating systems and lean deployment. He previously served as Vice President of Global Operations from 2005 to 2007 and Chief Operating Officer from 2007 to 2008 at Wynnchurch Capital/Android Industries, a sub-assembler and sequencer of complex modules for automotive original equipment manufacturers. Mr. Matosevic has over 20 years of global operating and business experience, with skills and experience in Lean Six Sigma practices, automation, and supply chain development.

Joel Horn

Mr. Joel H. Horn is appointed as Senior Vice President, General Counsel, Secretary of the Company., effective January 2, 2017. Mr. Horn was appointed Senior Vice President, General Counsel and Secretary of Welbilt effective January 2, 2017. Previously, he served as the Vice President, Associate General Counsel and Assistant Secretary of Welbilt. Mr. Horn joined MTW in 2008 as Associate General Counsel and held that role until joining Welbilt during the Spin-Off. Prior to joining MTW, Mr. Horn was Senior Counsel and General Counsel for Enodis, PLC from 2004 until 2008, and was Associate General Counsel for Mitsubishi Power Systems, Inc. from 2000 through 2004. Mr. Horn holds a Bachelor degree in Political Science and Government from Stockton University in Pomona, New Jersey, and a Juris Doctor degree from New England Law | Boston in Boston, Massachusetts.

Andreas Weishaar

Mr. Andreas G. Weishaar is Senior Vice President - Strategy, Marketing and Human Resources of the Company. Mr. Weishaar was appointed Senior Vice President Strategy, Marketing and Human Resources of Welbilt effective February 1, 2016. Prior to his appointment, he served ten years at AGCO Corporation (NYSE: AGCO) (“AGCO”), a leading manufacturer and distributor of agricultural equipment and related replacement parts. His most recent role at AGCO was as Vice President and General Manager of Global Green Harvesting, responsible for the company’s worldwide hay, forage and sugar business. Prior to joining AGCO, Mr. Weishaar was part of the Strategy & Organization practice of Arthur D. Little, where he worked in areas of strategy and organization, performance improvement and mergers & acquisitions. He holds a Master of Business Administration from the European Business School, Germany, and studied both at the Ecole Supérieure de Commerce de Dijon, France, and the Thunderbird School of Global Management, USA.

Richard Caron

Mr. Richard N. Caron is Senior Vice President - Innovation of the Company. Mr. Caron was promoted to Senior Vice President Innovation of Welbilt in 2015. Previously, he served as EVP Global Marketing and Innovation for Welbilt and as Welbilt’s Chief Technology Officer, a position that he has held since 2005 as a former Enodis employee. Under his leadership, Mr. Caron was instrumental in the development and success of the Education and Technology Center. He has also led a variety of new product development initiatives, which have helped distinguish the Company as a technology leader in the foodservice industry. Prior to Welbilt/Enodis, Mr. Caron served as Chief Executive Officer for the Moseley Corporation in Franklin, Massachusetts. Other key professional experience included serving as president and chief executive officer of TurboChef, Inc. in Dallas, Texas. Before TurboChef, Mr. Caron was managing director of the consumer products practice at Arthur D. Little (ADL) in Cambridge, Massachusetts. During his 19-year affiliation with ADL, Mr. Caron led many consulting assignments involving technology, strategy, and product development. In addition, Mr. Caron holds several patents in the foodservice industry, including automated frying and rapid cooking systems. Mr. Caron is a graduate of the Massachusetts Institute of Technology where he earned Master of Science and Bachelor of Science degrees in Chemical Engineering Practice.

Dino Bianco

Mr. Dino Joe Bianco is Independent Director of the Company. He is a member of our Board, the chairperson of the Audit Committee and a member of the Compensation Committee. Mr. Bianco was elected to the Board of Directors of MTW in May 2015 and served on MTW’s Board of Directors until the Spin-Off when he resigned from the MTW Board of Directors. He formerly served as Executive Vice President (from 2012 to April, 2015) of Kraft Foods Group, Inc. (NASDAQ: KRFT) and President of its Beverages business (from 2013 to April, 2015). Kraft Foods Group, Inc. (now known as The Kraft Heinz Company after a merger with the H.J. Heinz Company), is one of the largest consumer packaged food and beverage companies in North America. Mr. Bianco previously served as Senior Vice President of Kraft Foods Group, Inc. and President of Kraft Canada (2005-2012) and Vice President of Marketing for Kraft’s Beverages, Desserts, Grocery and Cereals businesses (2001 to 2005). Mr. Bianco joined Kraft in 1990 as Finance Manager and held several roles in finance, financial planning and analysis, sales strategy and marketing. Mr. Bianco is a Chartered Professional Accountant, and prior to joining Kraft he was employed by PricewaterhouseCoopers LLP. In addition Mr. Bianco is a past chair of Food and Consumer Products of Canada, past member of the Board of The Grocery Foundation, and past member of the Board of Trustees of the United Way of Toronto. Mr. Bianco currently serves on the Board and is the chair of the Audit Committee of Andrew Peller Ltd. (TSX: ADW.A).

Joan Chow

Ms. Joan Kai Chow is Independent Director of the Company, She is a member of our Board, the chairperson of the Compensation Committee and a member of the Corporate Governance Committee. Ms. Chow became a director of MTW in 2012 and served until the Spin-Off when she resigned. Ms. Chow joined the Greater Chicago Food Depository in February 2016 as Chief Marketing Officer. Prior to joining the Greater Chicago Food Depository, Ms. Chow was the Executive Vice President and Chief Marketing Officer at Conagra Brands, Inc. (NYSE: CAG) from 2007 to August, 2015. Conagra Brands, Inc., is one of North America’s leading packaged food companies. Prior to joining Conagra in 2007, Ms. Chow was employed for nine years with Sears Holdings Corporation in various marketing positions of increasing responsibility, having served as Senior Vice President/Chief Marketing Officer of Sears Retail immediately prior to taking the position with Conagra. Prior to that, she served in executive positions with Information Resources Inc. and Johnson & Johnson Consumer Products, Inc. Ms. Chow served on the Board of Feeding America, a leading hunger-relief charity in the United States, from 2008 to 2016.

Thomas Davis

Mr. Thomas Dale Davis is Independent Director of the Company, He is a member of our Board, a member of the Audit Committee and a member of the Compensation Committee. Mr. Davis has served as Chairman, President and Chief Executive Officer of Viskase Companies, Inc. (“Viskase”), a meat casing company, since 2011, and as President and Chief Executive Officer of Viskase since 2007. Viskase is majority owned by Icahn Enterprises, L.P., one of the Icahn Shareholders (as defined herein). Before joining Viskase in 2007, Mr. Davis served as President and Chief Executive Officer of Specialty Foods Group, Inc., a producer of premium meat products (2000 to 2006). He also served in various executive positions with Smithfield Foods, Inc. (1995 to 1999), and in various operational and financial roles with John Morrell & Company from 1980 until it was acquired by Smithfield Foods in 1995. Mr. Davis has an M.B.A. from Benedictine University and a B.S. from SUNY-Plattsburgh.

Brian Gamache

Mr. Brian R. Gamache is Independent Director of the Company. He was the Chairman and CEO of WMS Industries Inc., a designer, manufacturer and marketer of games for the casino and on-line gaming industries, from 2001 until it was acquired by Scientific Games Corporation (Nasdaq:SGMS) in 2013. Prior to rejoining WMS Industries Inc., he served as President of Wyndham International’s Luxury and Resort Division where he managed the hotel organization’s 31 luxury properties. Before Wyndham, he served as President and Chief Operating Officer of WHG Resorts and Casinos, Inc., a subsidiary of WMS Industries Inc. He previously held various executive positions with Marriott Hotel Corporation and Hyatt Hotels Corporation. Mr. Gamache is on the Board of Directors at KapStone Paper and Packaging Corporation (NYSE:KS). He currently serves as an advisor to several private equity firms and corporations. He also is a guest lecturer at Northwestern University’s Kellogg School of Management. He graduated from the University of Florida with a degree in Business Administration, where he currently serves as a member of the Dean’s Council to the Warrington School of Business.

Andrew Langham

Mr. Andrew Langham is Independent Director of the Company, He is a member of the Board, a member of the Corporate Governance Committee and a member of the Audit Committee. Mr. Langham has been General Counsel of Icahn Enterprises L.P. (NASDAQ: IEP), a diversified holding company engaged in a variety of businesses, including investment, automotive, energy, gaming, railcar, food packaging, metals, real estate and home fashion, since 2014. From 2005 to 2014, Mr. Langham was Assistant General Counsel of Icahn Enterprises. Prior to joining Icahn Enterprises, Mr. Langham was an associate at Latham & Watkins LLP focusing on corporate finance, mergers and acquisitions, and general corporate matters. Mr. Langham has been a director of: Freeport McMoRan Inc. (NYSE: FCX), the world’s largest publicly traded copper producer, since October 2015; CVR Partners LP (NYSE: UAN), a nitrogen fertilizer company, since September 2015; CVR Refining, LP (NYSE: CVRR), an independent downstream energy limited partnership, since September 2014; and CVR Energy, Inc. (NYSE: CVI), a diversified holding company primarily engaged in the petroleum refining and nitrogen fertilizer manufacturing industries, since September 2014. CVR Partners, CVR Refining and CVR Energy are each indirectly controlled by Carl C. Icahn. Mr. Icahn also has non-controlling interests in Freeport-McMoRan through the ownership of securities. Mr. Langham received a B.A. from Whitman College, and a J.D. from the University of Washington.

Richard Sheffer

Basic Compensation

Name Fiscal Year Total

Cynthia Egnotovich

398,501

Hubertus Muhlhauser

3,659,160

Haresh Shah

--

Josef Matosevic

1,397,430

Joel Horn

--

Andreas Weishaar

1,574,790

Richard Caron

530,191

Dino Bianco

221,897

Joan Chow

220,397

Thomas Davis

206,897

Brian Gamache

--

Andrew Langham

208,397

Richard Sheffer

--
As Of  31 Dec 2016