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Welbilt name new CEO

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With over 30 years of experience Bill Johnson is looking forward to taking Welbilt into the future

The board of Welbilt, Inc. has named William (“Bill”) C. Johnson as its president and chief executive officer. Johnson will assume day-to-day leadership of the company, and also join Welbilt’s board of directors, effective 9 November 2018.

Johnson began his career as a commissioned officer and nuclear engineer in the United States Navy where he served from 1985 to 1990.

Prior to joining Welbilt Johnson held various senior level positions at Dover Corporation. In his most recent role, he served as vice president of Dover Corporation and president and chief executive officer of Dover Refrigeration and Food Equipment.

Previously Johnson was CEO of Chart Industries, Inc. He led the company’s operational and financial turn-around, including a series of strategic acquisitions and divestitures, business segment consolidations, capital structure improvements and efficiency enhancements, which resulted in significant financial growth and contributed to a three-fold appreciation in the company’s equity valuation during his tenure.

Continued growth

Chairperson of Welbilt’s board of directors Cindy Egnotovich said: “The board is confident that Bill’s over thirty years of experience in the commercial foodservice, industrial products and manufacturing sector are a great fit for Welbilt’s continued growth and the enhancement of shareholder value. He has led strategic M&A, driven operating and supply-chain excellence, optimised capital structures, and delivered productivity and margin enhancements. Bill is a proven leader who brings the experience, vision and values to lead Welbilt into the future.”

Commenting on his appointment Johnson said: “I welcome the opportunity to re-enter the commercial foodservice industry with a company that embodies a strong culture of innovation and continuous improvement. As CEO, I will leverage the leadership and executive management experience built over my career, along with Welbilt’s portfolio of award-winning product brands, to maximise results for our customers, deliver profitable growth and create value for shareholders. I am excited to begin working with the board, management team and the exceptional group of business unit leaders to fulfil Welbilt’s potential as the industry leader.”

Cindy Egnotovich also took the opportunity to thank Josef Matosevic for his leadership as interim CEO, stating: As an integral member of the executive management team, Josef offered stability and continuity to Welbilt’s operations and customers, while ensuring the transition was managed both seamlessly and efficiently.”

Jacquetta Picton