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JBT Company Appoints Matthew Meister Executive Vice President and Main Economic Officer

CHICAGO, Dec. 15, 2020 /PRNewswire/ — JBT Company (NYSE: JBT) introduced nowadays that Matthew Meister has been appointed Executive Vice President and Main Economic Officer. Mr. Meister has served as Interim CFO of JBT since September 2020 and previously served as Vice President and CFO for JBT Protein due to the fact 2019. His appointment is effective right away.

“I am delighted that Matt will be a long term component of our govt leadership crew,” claimed Brian Deck, JBT’s President and CEO. “As interim CFO, he has been a wonderful source of aid and management amid unparalleled issues. Matt brings intensive practical experience in world production and substantial monetary acumen to the CFO position. His depth of field knowledge and important fiscal and operational expertise make him the perfect human being to carry on to guide our finance staff as we expand the enterprise and travel shareholder worth.”

Mr. Meister said, “I am grateful for the option to provide as CFO on a long term basis. The previous many months have affirmed my assurance in JBT’s talented staff, money strength and opportunity. I am enthusiastic to proceed operating with Brian and the rest of the management group to execute our tactic to be a correct solutions lover for our customers and to produce sustainable value for our shareholders.”

About Matt Meister

Matt Meister joined JBT in May possibly 2019 with considerable expertise in global manufacturing across numerous industries, including his prior roles at IDEX Corporation where he held numerous operational finance leadership roles, most a short while ago serving as Team Vice President, Wellbeing and Science Systems.  Prior to joining IDEX, he held different roles of escalating accountability at Navistar Intercontinental Corporation. Mr. Meister holds an MBA from The University of Chicago Booth College of Enterprise and an undergraduate degree in Finance and Operations Administration from Washington College in St. Louis.&#13

JBT Corporation (NYSE: JBT) is a primary global engineering answers provider to higher-benefit segments of the foodstuff & beverage industry with concentration on proteins, liquid food items and automated process answers. JBT layouts, produces and services refined solutions and programs for multi-nationwide and regional customers through its FoodTech phase. JBT also sells significant devices and companies to domestic and global air transportation consumers by its AeroTech phase. JBT Company employs approximately 6,200 men and women worldwide and operates profits, assistance, manufacturing and sourcing functions in a lot more than 25 nations around the world. For far more information, be sure to pay a visit to www.jbtc.com.

Forward-Hunting Statements

This release includes forward-seeking statements as outlined in the Personal Securities Litigation Reform Act of 1995. Ahead-seeking statements are information and facts of a non-historical mother nature and are topic to hazards and uncertainties that are over and above JBT’s capacity to regulate. Ahead-looking statements include, amid many others, statements relating to the anticipated influence of the COVID-19 pandemic on our company and our effects of functions, our ideas to mitigate the affect of the pandemic, our foreseeable future financial performance, our strategic strategies, our restructuring plans and anticipated cost cost savings from these plans and our liquidity. These hazards and uncertainties consist of, but are not minimal to: the period of the COVID-19 pandemic and the effects of the pandemic on our skill to operate our organization and amenities, on our shoppers, on our supply chains and on the economic climate frequently fluctuations in our economical results unanticipated delays or acceleration in our revenue cycles deterioration of financial circumstances disruptions in the political, regulatory, economic and social problems of the countries in which we conduct business modifications to trade regulation, quotas, obligations or tariffs hazards connected with recent and upcoming acquisitions probable outcomes of the U.K.’s exit from the E.U. fluctuations in currency exchange rates issues in applying our organization methods raises in electricity or raw content charges and availability of uncooked materials alterations in foodstuff intake styles impacts of pandemic health problems, foodstuff borne diseases and disorders to several agricultural goods temperature disorders and purely natural disasters effect of local climate adjust and environmental security initiatives dangers linked to company social responsibility our capacity to comply with the guidelines and polices governing our U.S. federal government contracts functions of terrorism or war termination or loss of major shopper contracts and threats linked with fixed-price contracts customer sourcing initiatives opposition and innovation in our industries our ability to establish and introduce new or enhanced products and products and services and preserve speed with technological developments problem in developing, preserving and defending our mental assets or defending statements of infringement catastrophic loss at any of our facilities and small business continuity of our information and facts programs cyber-security threats reduction of crucial management and other personnel potential liability arising out of the installation or use of our methods our means to comply with U.S. and worldwide legislation governing our functions and industries boosts in tax liabilities do the job stoppages fluctuations in curiosity premiums and returns on pension assets availability of and accessibility to monetary and other means and other variables explained below the captions “Chance Variables” in the Firm’s most current Once-a-year Report on Kind 10-K and the Company’s most modern Quarterly Report on Type 10-Q submitted by JBT with the Securities and Exchange Fee.  In addition, numerous of our challenges and uncertainties are at present amplified by and will carry on to be amplified by the COVID-19 pandemic. Given the really fluid character of the COVID-19 pandemic, it is not possible to predict all these kinds of threats and uncertainties. JBT cautions shareholders and possible investors that actual effects may vary materially from these indicated by the forward-looking statements. JBT undertakes no obligation to publicly update or revise any forward-wanting statements, whether as a consequence of new details, future developments, subsequent gatherings or variations in situations or or else.

Buyers & Media:      Megan Rattigan      (312) 861-6048

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Source JBT Company