Selim A. Bassoul is the CEO of Middleby Corp, a company he joined in 2004. He is a graduate of the University of California, Berkeley, with a degree in business. Selim's leadership has driven the company to impressive financial success,...
Selim A. Bassoul is the CEO of Middleby Corp, a company he joined in 2004. He is a graduate of the University of California, Berkeley, with a degree in business. Selim's leadership has driven the company to impressive financial success, often hitting or exceeding EBITDA and EPS growth targets. This focus on performance is reflected in his compensation, which reached over $10 million in some years, with bonuses tied directly to the company's performance. He also has a significant stake in the company, with his stock holdings peaking at over $100 million. In 2013, he secured a new employment agreement that ensures he can stay in his role until at least the end of 2017, which includes a generous severance package. Selim’s approach to incentives includes a stock ownership requirement, ensuring alignment with shareholder interests. His tenure has shown that strong executive leadership can translate to real growth and success for a corporation.