Tuesday, October 16, 2018
Business

Welbilt announces interim CEO following top executive’s departure

NEW PORT RICHEY — Welbilt Inc. is ushering in a new leader after CEO Hubertus Muhlhauser announced his move to CEO of capital goods manufacturer CNH Industrial N.V., the public company said Thursday. Welbilt’s board appointed chief operating officer Josef Matosevic as interim president and CEO effective Aug. 31.

"The board thanks Hubertus for leading Welbilt through the successful spin-off from The Manitowoc Company, Inc., establishing the strategic roadmap for the company and building out the strong management team that has been executing this strategy," said Cindy Egnotovich, chair of Welbilt’s board, in a release.

Welbilt is one of Tampa Bay’s largest public companies, focused on culinary equipment. Headquartered in New Port Richey, the company changed its name in 2017 to Welbilt. As of Friday morning, its was trading at $20.58 per share.

MORE: Get more business news here

Contact Malena Carollo at [email protected] or (727) 892-2249. Follow @malenacarollo.

Comments
Hurricane Michael: Significant crop damage expected in Florida Panhandle

Hurricane Michael: Significant crop damage expected in Florida Panhandle

Hurricane Michael impacted about 1 million acres of field crops and 3.6 million acres of upland forest in Florida, according to the University of Florida Institute of Food and Agricultural Sciences.The most serious damage affects about 200,000 acres ...
Updated: 1 hour ago
Realignment at Big Bend intersection promises safer traffic flow after construction headaches

Realignment at Big Bend intersection promises safer traffic flow after construction headaches

GIBSONTON – A new north-south road is coming to relieve traffic along U.S. 301, but making way for it promises some short-term traffic headaches for a South Shore region already stymied by congestion.The new road would run more than four miles...
Published: 10/16/18
Clearwater tweaks downtown incentive program

Clearwater tweaks downtown incentive program

CLEARWATER — On the heels of intensive meetings with downtown property owners and potential business tenants, the city’s Community Redevelopment Agency has tweaked its incentive programs designed to attract businesses that would operate...
Published: 10/16/18
Tampa’s last Sears survived bankruptcy closings, but Westshore Plaza is dropping Sears anyway

Tampa’s last Sears survived bankruptcy closings, but Westshore Plaza is dropping Sears anyway

Sears’ long-foreshadowed bankruptcy filing Monday came with the blow that more than 140 of its remaining 700 locations would be closed in a bid to save the once robust and venerable chain of department stores. But some locations not even on th...
Updated: 4 hours ago
Early Hurricane Michael claims: 38,000, $5.7M in damages

Early Hurricane Michael claims: 38,000, $5.7M in damages

As Panhandle residents began making their way back home over the weekend, clearer damage estimates began to arise: According to the Florida Office of Insurance Regulation, about 38,000 claims have been submitted for Hurricane Michael damage and $5.7 ...
Published: 10/15/18
Fish Tales Seafood House in St. Peterburg closes after nearly 20 years in business

Fish Tales Seafood House in St. Peterburg closes after nearly 20 years in business

Fish Tales Seafood House in St. Petersburg has closed its doors after nearly 20 years in business, the restaurant announced on its Facebook page Monday."It is with a heavy heart that I have to write this, but write it I must," the Facebook post state...
Published: 10/15/18
Tampa International Airport tops 20 million passengers in a year; St. Pete-Clearwater has biggest September ever

Tampa International Airport tops 20 million passengers in a year; St. Pete-Clearwater has biggest September ever

Tampa International Airport has surpassed the 20 million-passenger mark for the first time ever, closing out its budget year with more than 21 million passengers over a 12-month period.The airport exceeded its own expectations on Sept. 30 when it end...
Published: 10/15/18
Florida citrus expected to see 76 percent yield jump this season

Florida citrus expected to see 76 percent yield jump this season

This time last year, Florida was facing projections of its lowest orange yield in 75 years after the state’s citrus industry was ravaged by Hurricane Irma. But the most recent projections aren’t nearly as sour.The U.S. Department of Agriculture’s fir...
Published: 10/15/18
Drugmakers to disclose prices for medicines advertised on TV

Drugmakers to disclose prices for medicines advertised on TV

TRENTON, N.J. — Dozens of drugmakers will start disclosing the prices for U.S. prescription drugs advertised on TV. The prices won’t actually be shown in the TV commercials but the advertisement will include a website where the list price will be pos...
Published: 10/15/18
Hurricane Michael reminds us it’s past time to get smarter about where we build

Hurricane Michael reminds us it’s past time to get smarter about where we build

Avoidance is a great way to mitigate risk. As in, get out of trouble’s way, or don’t be there to begin with. When it comes to hurricanes, that good advice is getting harder to heed. In Florida, we continue to build along our coasts, ofte...
Published: 10/15/18