- JBT Corporation (NYSE: JBT), a leading global technology solutions provider to high-value segments of the food & beverage industry, announced Brian Deck has been named interim President and CEO
JBT Corporation (NYSE: JBT) — which is a leading global technology solutions provider to high-value segments of the food & beverage industry with a focus on proteins, liquid foods, and automated system solutions — announced that Brian Deck will resume his role as Interim President and Chief Executive Officer, effective immediately.
After discussions with JBT’s Board of Directors, Tom Giacomini has decided that he is unable to return as Chief Executive Officer of JBT and has stepped down — effective immediately — in order to focus on his health and recovery. And He has also resigned from the Board of Directors.
Going forward, Alan Feldman will continue in his role as Non-Executive Chairman on a permanent basis.
And JBT Protein Vice President and CFO Matt Meister has been named Interim Chief Financial Officer.
Meister joined JBT in May 2019 and has responsibility for all finance activity for the Protein Division within the FoodTech segment. And he has a strong track record of driving results and developing process improvements in complex global businesses to the role of Interim CFO.
The board has initiated a search to identify a permanent CEO and will retain a leading executive search firm to assist in the process. And it will consider both internal and external candidates.
KEY QUOTES:
“Over the past few months, Brian and the senior management team have demonstrated outstanding leadership of JBT and we are confident in their ability to continue executing the Company’s strategy while the Board conducts a search for a permanent successor. I look forward to continuing to work with Brian and to leveraging his financial and operational expertise as we focus on ensuring the continued health and safety of our employees and serving our customers.”
“We owe Tom a great debt of gratitude for spearheading JBT’s transformation over the past seven years. Under his leadership, JBT has generated a significant increase in shareholder value, while laying a strong foundation from which to continue delivering for stakeholders. Today, JBT benefits from a disciplined long-term strategy that focuses on growth and margin expansion while delivering exceptional products and services to its customers. Tom also played a key role in assembling our dynamic team of leaders whose significant expertise will further the strategy and continue to drive results. On behalf of everyone at JBT, I send my very best wishes to Tom, including the sincere hope for his improved health.”
— Alan Feldman
