Seasoned industry members have been chosen to serve on the Board of Directors for the newly created Manitowoc Foodservice Inc.
Timothy Fenton and Thomas Davis have been added to to the Board of Directors of The Manitowoc Co. Inc.’s wholly-owned subsidiary Manitowoc Foodservice Inc., which is planned to be spun-off from The Manitowoc Co. Inc. in the first quarter of 2016.
“We are excited to welcome Messrs. Davis and Fenton to Manitowoc Foodservice’s Board of Directors. They bring more than 70 years of combined industry expertise, as well as a unique perspective to the team,” commented Ken Krueger, interim chairman, president and CEO of The Manitowoc Co. Inc.
“Tim Fenton’s deep understanding of such a critical customer segment, quick-serve restaurants, for the business, coupled with his emerging market exposure will prove invaluable as we further build our global footprint. In addition, Tom Davis’ operating and financial capabilities, deep knowledge of food processing and channel distribution and track record of driving growth and creating shareholder value will support the execution of our strategic priorities,” added Hubertus Muehlhaeuser, CEO, Manitowoc Foodservice Inc.
Fenton is a 41-year veteran of McDonald’s Corp., finishing his tenure as chief operating officer in 2014. Prior to that, he had held roles including president, McDonald’s Asia, Pacific, Middle East and Africa; president, East Division; and vice president and managing director of the Middle East Development Co.; among others. During the last 10 years of his career with McDonald’s, he contributed to substantial revenue growth and profitability expansion. As chief operating officer of McDonald’s Corp., Fenton was responsible for global supply chain, franchising and development.
Davis has been president and CEO of Viskase Companies Inc., a leading supplier of casing solutions, since 2007 and chairman of the board since 2011. While at Viskase, he has been successfully driving a strategy to maintain a competitive position among its customers where consolidation has been ongoing. Prior to that, Davis was CEO of Specialty Foods Group Inc. for seven years. During his tenure at Specialty Foods Group, he led the company in its initial public offering and led the company’s growth through a number of acquisitions and exclusive agreements to produce and distribute meat products through various direct and indirect channels. Earlier in his career, he held various executive roles at a number of major meat packing companies, including Smithfield Foods and John Morrell & Co.
