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.
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