CFED is a family-owned company. With more than 70 years of
history in the commercial food equipment industry, we have the expertise to
help customers make the best decision for their business.
Michael is the current Chairman and CEO of CFED, serving in that capacity since 2006. Mike is responsible for the strategic direction of the business, as well as the growth and development of its Senior Leadership team.
Michael’s career in commercial food equipment began when he was very young, working for his father, Harry Lobalzo, who began his sales career for Hobart in the 1950’s. One of his first jobs was cleaning scales for $0.25 an hour.
Upon graduation from the University of Akron, Michael attended Hobart’s Sales School and then officially joined the family business. He is a seven-time winner of the Hobart Sales Topper Award and past president of the Hobart Agents Counsel, where he represented the independent office owners with the Hobart Corporation. Michael is also a past member of the Ohio Grocer Association (OGA) and the East Ohio Food Dealers.
He’s a strong advocate for the One in Six Foundation, a charity for prostate cancer awareness. In his spare time, he enjoys golf, fly fishing and is an instrument-rated private pilot.
Rick is the Vice Chairmen of CFED, also following in his father’s footsteps to enter the family business. As Vice Chairman, Rick also helps with strategy, maintaining and growing several key customer relationships, as well as the Senior Leadership Team development and growth. With more than 35 years of experience, Rick is a seasoned food equipment professional.
Rick’s experience in food service work also began at a young age, working at night as a busboy. Since his earnings depended on tips, he quickly learned the value of good customer service. He joined the family business after graduating from The Ohio State University.
Rick enjoys sailing, golf, and currently attends college at the University of Akron, learning CAD.
As President, Joe handles all operational and administrative aspects of the day-to-day business and works closely with the sales team.
Joe received his undergraduate degree from Miami University and his master’s degree from the University of Akron. He moved to Akron to marry his wife, Dana (Lobalzo), and after working for a large real estate and construction firm, joined the family business at CFED in late 2009.
His knowledge of the food industry began as a young boy, as his paternal grandfather was vice president of a major grocery chain and his maternal grandfather started his own potato chip company.
Joe is on the Board of Directors for the ADM Board of Summit County (Alcohol, Drug Addiction and Mental Health Services) and is a board of director member of the Copley Community Improvement Corporation. He enjoys spending time with his wife, three young children, golfing, running, practicing yoga and traveling.