Michael Kachmer resigned as president of Manitowoc Company's Foodservice segment in order to pursue a CEO role.
Manitowoc Chairman and CEO Glen Tellock will lead the Foodservice segment on an interim basis while the company searches for Kachmer's successor. The company said several internal candidates are being considered to serve as president of Foodservice on a permanent basis.
"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," said Tellock. "We thank Mike for his contributions to our company and wish him well in his future endeavors. Meanwhile, our deep management bench and strong succession planning process provides a solid foundation to ensure a smooth transition and execute on our long-term strategy."
The Manitowoc Company is a multi-industry, capital goods manufacturer with over 115 manufacturing, distribution, and service facilities in 26 countries. Manitowoc is a global manufacturer of commercial foodservice equipment, including 24 market-leading brands of hot- and cold-focused equipment.
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