Josef Matosevic Named Interim Welbilt CEO

Welbilt announced last week the resignation of Director, President, and CEO Hubertus Mühlhäuser effective Aug. 31. Mühlhäuser is leaving the company to become CEO and a director of CHN Industrial N.V., a global manufacturer of agricultural and construction equipment, specialty vehicles and powertrain technologies.

“The board thanks Hubertus for leading Welbilt through the successful spin-off from the Manitowoc Co. Inc., establishing the strategic roadmap for the company, and building out the strong management team that has been executing this strategy,” said Cindy Egnotovich, chairperson of Welbilt’s board of directors.

The Welbilt Board of Directors is now searching for a permanent CEO and will consider both internal and external candidates. Executive Vice President and COO Josef Matosevic will take over as interim president and CEO for the duration of that search. “One of the most important roles for a chief executive officer is assembling a strong management team and developing those leaders,” Egnotovich continued. “As chief operating officer, Josef was the first officer to join Hubertus’s team and has been instrumental in restructuring the business and implementing the Welbilt Production System. In addition, Josef has developed strong relationships with our major customers. Josef is the best person to ensure stability and continuity to Welbilt’s operations and customers, providing a seamless transition as we finalize our decision for the chief executive officer position through the board’s governance process.”