How to run a business in constant transformation

If Hubertus Muehlhaeuser can run a business in constant transformation, anyone can.

The CEO of New Port Richey-based Welbilt, Muehlhaeuser executed two major changes within 12 months. First, in March 2016, the company, then named Manitowoc Foodservice, spun itself off from its original business, Wisconsin-based construction equipment giant Manitowoc. That created a $1.45 billion company. Next, in February, the company changed its name, to Welbilt. The shift included a new logo, brand identity and stock ticker on the NYSE.

Through the changes, the company internally transformed into an entrepreneurial-style business, says Muehlhaeuser, where we “challenge the status quo, and we fight the bureaucracy.”