Middleby Appoints Internal Veteran Brittany Cerwin as CFO; Former CFO Transitions to Spin-Off Advisor
MIDD sits 23% above its 52-week low of $110.82.
Summary
Middleby Corporation announced the appointment of Brittany Cerwin, its Chief Accounting Officer, as the new Chief Financial Officer, while former CFO Bryan Mittelman transitions to a Special Advisor role focused on the upcoming Food Processing business spin-off.
Key Events · Executive and Board Changes · MIDD
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New Chief Financial Officer Appointed
Brittany Cerwin, previously Chief Accounting Officer, has been promoted to Chief Financial Officer, effective immediately. Ms. Cerwin has been with Middleby for over a decade in various accounting and finance roles.
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Former CFO Transitions to Special Advisor Role
Bryan E. Mittelman, the former CFO, will transition to a non-officer position as Special Advisor to the Chief Executive Officer, focusing exclusively on the completion of the previously announced spin-off of the Food Processing business.
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Transition and Separation Agreement Detailed
Mr. Mittelman will continue to receive his current base salary of $566,500 per year during his advisory period, receive a one-time bonus of $283,250, and be eligible for severance benefits including 12 months of base salary ($566,500) and pro-rata equity vesting upon the conclusion of his advisory period.
Analysis · MIDD · Technology
This filing details a significant executive leadership change at Middleby, with an internal promotion to CFO ensuring continuity. The transition of the former CFO to a dedicated advisory role for the Food Processing business spin-off highlights the company's strategic focus on its portfolio transformation. This move provides clarity on leadership during a pivotal period for the company as it prepares for a major corporate event, following the news reported earlier today.
How filings like this one have moved
In the 30 days to Sep 13, 2026, 29.5% of the 1672 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.22%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, MIDD was trading at $136.10 on NASDAQ in the Technology sector, with a market capitalization of approximately $6.4B. The 52-week trading range was $110.82 to $169.44. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.