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                                                                   Exhibit 10.23

[ENODIS LOGO]
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  Enodis Corporation - 2227 Welbilt Boulevard - New Port Richey, FL 34655 - USA
                         Tel: 727-375-7010 - Fax: 727-375-7328 - www.enodis.com

                                          July 1, 2002

Mr. W. David Wrench

Dear Dave:

      This letter sets forth the agreement between ENODIS CORPORATION (the
"Company") and you (referred to herein as "you" or "Executive"), with respect to
your employment by the Company and certain of its divisions and/or affiliates.

      1.    EMPLOYMENT.

            (a) Executive shall be employed by the Company on the terms and
conditions set forth herein as an Executive and shall initially serve as the
Chief Financial Officer for the Company and certain of its divisions and
affiliates and be assigned duties and responsibilities consistent with
Executive's status and position. From time to time hereafter, your duties may
change, as the Company or Enodis plc (the "Parent") may reasonably determine
subject to your rights under Paragraph 12 hereof. You acknowledge that your
employment by the Company, the Parent and any of its divisions and subsidiaries
is "at will" and that your employment may be terminated at any time with or
without Cause either by you or the Company. You understand that performance of
any of the Company's obligations hereunder may be performed directly by the
Company, the Parent and/or its divisions or subsidiaries. You will serve as an
officer and/or director of the Parent and its subsidiaries as the Company or the
Parent shall request and you shall not be entitled to any additional
compensation by reason of such offices.

            (b) Executive accepts such employment and agrees that throughout the
period of his employment by the Company, he will devote his full business time,
attention, knowledge and skills, faithfully and to the best of his ability in
furtherance of the business of the Company and he will perform the duties
assigned to him pursuant to this Paragraph 1. Executive shall report to and be
subject, at all times, to the direction and control of the Company's and/or
Parent's Chief Executive Officer or such other executive officers of the Company
or the Parent as the Company's or the Parent's Board of Directors may deem
appropriate. Executive shall at all times be subject to, observe and carry out
such rules, regulations, policies, directions and restrictions as the Company or
the Parent may from time to time reasonably establish. Executive shall initially
be headquartered in the New Port Richey, Florida area, but shall do such
traveling as may be required of him in the performance of his duties. In the
event the Company relocates your offices during your employment, at the
Company's request, Executive shall relocate subject to the Company's standard
reimbursement policy for relocation expenses. During the period of Executive's
employment hereunder, Executive shall not, directly or indirectly, accept

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employment or compensation from or perform services of any nature for, any
business enterprise other than the Parent or its affiliates. Notwithstanding the
foregoing, however, nothing herein shall be deemed to prohibit Executive from
investing his funds in securities of any company if the securities of such
company are listed for trading on a national stock exchange or traded in the
over-the-counter market and Executive's holdings therein represent less than 1%
of the total number of outstanding shares or of other securities of such
company.

      2.    COMPENSATION.

            (a) BASE SALARY. As compensation for Executive's services, as
provided in Paragraph 1 above, the Company will pay to Executive a base annual
salary ("Base Salary") at the rate of $270,000 per annum. Such Base Salary shall
be reviewed by the Remuneration Committee of the Parent's Board of Directors
from time to time and any increase shall be wholly discretionary and based,
among other things, upon the Company's evaluation of Executive's performance.
Executive's Base Salary shall be payable in equal installments in accordance
with the Company's applicable payroll policy.

            (b) EXECUTIVE INCENTIVE AND BONUS PLANS. Executive shall also be
entitled to participate in such Company executive bonus and other incentive
plans as may be offered by the Company from time to time to Executives of
similar stature and responsibility. These may include performance bonus, stock
option and deferred compensation plans. The Company shall be under no obligation
to institute or continue such plans and may from time to time amend, modify or
terminate any such plans.

      3.    EXECUTIVE BENEFITS. Executive shall be entitled to participate, to
the extent that Executive is eligible under the terms and conditions thereof, in
any hospitalization or medical insurance plans, 401(k) plans or other employee
benefit plans which are generally available on a group basis to Executives of
the Company's United States operations of comparable level and status which may
be in effect from time to time during the period of Executive's employment
hereunder. The Company shall be under no obligation to institute or continue the
existence of any Executive benefit plan described herein and may from time to
time amend, modify or terminate any such Executive benefit plan.

      4.    VACATIONS. Executive shall be entitled to a paid vacation (in
addition to Company-wide holiday periods) during the period of Executive's
employment by the Company in accordance with the Company's vacation policies for
Executives of comparable level, as in effect from time to time.

      5.    EXPENSES. The Company shall reimburse Executive for expenses
reasonably incurred by Executive in connection with the performance of
Executive's duties hereunder and the business of the Company upon submission of
appropriate vouchers and receipts and otherwise in accordance with the Company's
travel and entertainment policy, as in effect from time to time.

      6.    CONFIDENTIAL INFORMATION. Executive will hold in a fiduciary
capacity for the benefit of the Company, the Parent and its affiliates all
information, knowledge and data relating to or concerned with their operations,
sales, pricing, budgets, plans, business and affairs (except

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such information as is generally known in the industry), and Executive will not,
at any time hereafter, use, disclose or divulge any such information, knowledge
or data to or for the benefit of any Person other than the Parent or its
designees or except as may otherwise be required in connection with the business
and affairs of the Company and its affiliates.

      7.    CONFLICTS OF INTEREST. Executive shall comply with the Company's
standards of conduct policy and such other policies of the Company or the Parent
as may be in effect from time to time during the term of Executive's employment.
Copies of the Company's policies, as currently in effect, have been furnished to
Executive.

      8.    RESTRICTIVE COVENANT. During the term of Executive's employment with
the Company or its affiliates, Executive shall render his services exclusively
to the Parent and its affiliates. In addition, during the term of Executive's
employment hereunder, and for a period of one year thereafter, Executive shall
not, for himself, or on behalf of any other Person, directly or indirectly, or
by action in concert with others:

            (a)   solicit, induce or encourage any employee of the Parent or any
of its affiliates to terminate his or her employment or other relationship with
the Parent or any of its affiliates;

            (b)   hire any employee (or anyone who was an employee within the
      preceding six months) of the Parent or any of its affiliates; or

            (c)   otherwise interfere with the relationship between the Parent
or any of its affiliates and any of its or their employees.

Nothing herein shall be deemed to limit Executive's obligations or the Company's
rights at law. Executive acknowledges that the provisions of this Paragraph 8
and the provisions of Paragraphs 6 and 7 are reasonable and necessary for the
protection of the Company and without the limited restrictions imposed by the
provisions of these paragraphs, the Company would suffer irreparable and
immeasurable damage. Executive therefore expressly agrees that the Company shall
be entitled to injunctive or other equitable relief to prevent the breach or
threatened breach by him of the provisions of these paragraphs and to secure
their enforcement and without the necessity of posting a bond.

      9.    TERMINATION FOR CAUSE.

            (a)   "Cause" means:

                  (i) the willful failure of Executive to perform the reasonable
duties assigned to him commensurate with his executive status for a period of at
least thirty consecutive days after Executive has received written warning
thereof from the Chief Executive Officer or Board of Directors of the Company or
the Parent that Executive's services will be terminated;

                  (ii) commission of any act of fraud or gross negligence by
Executive in the course of his employment by the Company, which, in the case of
gross negligence, has a materially adverse effect on the business or financial
condition of the Company, the Parent or any of its affiliates;

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                  (iii) willful misrepresentation at any time by Executive
to the Company's or the Parent's Board of Directors or any executive
officer of the Company or the Parent;

                  (iv) engagement by Executive in any conduct or the commission
by Executive of any act which is, in the reasonable opinion of the Company's or
the Parent's Board of Directors, materially injurious or detrimental to the
substantial interest of the Company, the Parent or any of its affiliates;

                  (v)   breach by Executive of his obligations hereunder; or

                  (vi) a felony conviction of Executive that has a material
impact on the ability of Executive to perform the duties of his position.

            (b)    In addition to any other rights and remedies provided by law
or this Agreement, the Company may terminate Executive's employment hereunder
forthwith upon written notice for Cause. If Executive's employment by the
Company shall be terminated pursuant to this Paragraph 9, Executive shall be
entitled to receive only the Base Salary and benefits actually earned and
payable to Executive pursuant to Paragraph 2 above through the date of the
termination of employment, together with any unreimbursed expenses incurred
through the date of termination. Executive shall not be entitled to receive any
further salary, bonus, expenses, benefits or other compensation of any kind
hereunder accruing or incurred following the date of termination. Executive
acknowledges that, unless otherwise provided for in any bonus plan or other
incentive plan in which Executive may be entitled to participate, no bonus with
respect to any fiscal year shall be payable unless Executive shall have been
employed by the Company both at the end of such fiscal year and on the date such
bonus is otherwise paid to other Executives of the Company.

      10.   TERMINATION WITHOUT CAUSE. If the Company shall terminate
Executive's employment for any reason other than for Cause, Executive shall be
entitled to receive, as severance and damages and in exchange for a general
release in favor of the Company and its affiliates and the promises made by
Executive hereunder, and as Executive's sole and exclusive right and remedy on
account of such termination, a payment equal to 12 months' Base Salary at the
then current rate ("Termination Payment"). Executive shall also be entitled to
receive any approved unreimbursed business expenses and other Executive benefits
(as described above) to the date of termination. Executive acknowledges that,
unless otherwise provided for in any bonus plan or other incentive plan in which
Executive may be entitled to participate, no bonus with respect to any fiscal
year shall be payable unless Executive shall have been employed by the Company
both at the end of such fiscal year and on the date such bonus is otherwise paid
to other Executives of the Company. The Termination Payment shall be payable in
installments when and as the same would otherwise have been payable under the
terms hereof commencing promptly following the delivery of a general release in
favor of the Company and its affiliates.

      11.   TERMINATION WITHOUT CAUSE FOLLOWING CHANGE IN CONTROL.

            (a)   "Change in Control" means:

                  (i)   With respect to the Parent, any of the following events:

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                        A.    if any individual or entity (a "Person")
obtains control of the Parent (within the meaning of Section 840 of the Taxes
Act of 1988 of England) as a result of making a general offer to acquire shares
in the Parent, or having obtained such control makes such an offer;

                        B.    for the purposes of clause A, a Person shall
be deemed to have obtained control of the Parent if the Person and others acting
in concert with the Person have together obtained control of the Parent;

                        C.    if any Person becomes bound or entitled to
acquire shares in the Parent under Sections 428 to 430F of the Companies Act of
1985 of England or Articles 421 to 423 of the Companies (Northern Ireland) Order
1986 of England, or if the Parent passes a resolution for voluntary winding up,
or if an order is made for the compulsory winding up of the Parent; or

                        D.    if a court of competent jurisdiction
sanctions a compromise or arrangement with respect to the Parent under Section
425 of the Companies Act of 1985 of England or Article 418 of the Companies
(Northern Ireland) Order 1986 of the laws of England.

                  (ii)  With respect to a subsidiary or group of subsidiaries of
Parent which is or are the direct or indirect owner(s) of the businesses for
whom Executive performs his primary duties (an "Intermediate Parent") and is or
are organized under the laws of the United Kingdom, the occurrence of any of the
events described in clause (i) of this definition with respect to such
Intermediate Parent.

                  (iii) With respect to any other Intermediate Parent:

                        A.    any sale (in a single transaction or series
of related transactions (or other transfer or disposition) of 50% or more of the
voting stock of such Intermediate Parents, or of all or more than 50% of the
consolidated business or operating assets of such Intermediate Parents to a
third party unrelated to the Parent; or

                        B.    if Parent shall otherwise cease to be the
beneficial owner, directly or indirectly, of more than 50% of the voting stock
of the Intermediate Parents or shall cease to control a majority of the voting
stock of the Intermediate Parents.

                  (iv)  With respect to the Company:

                        A.    any sale (or other transfer or disposition)
of 50% or more of the voting stock of the Company, whether in a single
transaction or a series of related transactions, or of all or more than 50% of
the consolidated business or operating assets of the Company and its direct and
indirect subsidiaries to a third party unrelated to the Parent; or

                        B.    if the Parent shall otherwise cease to be
the beneficial owner, directly or indirectly, of more than 50% of the voting
stock of the Company or shall cease to control a majority of the voting stock of
the Company.

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                  (v)   With respect to a business group or unit of Parent for
whom Executive performs his or her primary duties (the "Primary Group"):

                        A.    any sale (or other transfer or disposition),
of 50% or more of the voting stock of the Primary Group, whether in a single
transaction or a series of related transactions, or of all or more than 50% of
the business or operating assets of, the Primary Group to a third party
unrelated to the Parent (or any successor corporation); or

                        B.    if the Parent shall otherwise cease to be
the beneficial owner, directly or indirectly, of more than 50% of the voting
stock or assets of the Primary Group or shall cease to control a majority of the
voting stock or assets of the Primary Group.

            (b)   If the Company shall terminate Executive's employment without
Cause within twelve (12) months' following a Change in Control, instead of the
Termination Payment under Paragraph 10, Executive shall be entitled to receive,
as severance, damages and in exchange for a general release in favor of the
Company and its affiliates and the other promises made by Executive hereunder,
and as Executive's sole and exclusive right and remedy on account of such
termination, a Termination Payment equal to 12 months' Base Salary at the then
current rate. In such event, the Termination Payment shall be paid in a lump sum
concurrently with Executive's delivery of a general release in favor of the
Company and its affiliates. Executive shall also be entitled to receive any
approved unreimbursed business expenses and other Executive benefits (as
described above) to the date of termination. Any bonus with respect to any
fiscal year of the Company ended prior to such Change in Control or termination
and any bonus for any fiscal year in which such Change in Control occurs shall
also be paid to Executive at the time it would otherwise be payable as if
Executive had remained employed by the Company without a Change in Control.

      12.   TERMINATION FOR GOOD REASON.

            (a)   Executive may terminate Executive's employment with the
Company, and receive a Termination Payment as provided in this Paragraph upon
the happening of any of the following, which shall be considered "Good Reason":

                  (i)   upon at least ten (10) days' prior written notice of his
election to terminate his employment for Good Reason given within twelve (12)
months of a Change in Control, provided the Executive has remained an employee
of the acquiring Company and diligently carried out his job duties for a period
of at least ninety (90) day beyond the change in control;

                  (ii)  the assignment of Executive without his consent to a
position having responsibilities or duties of a materially lesser status than
those contemplated by Paragraph 1 as they may be changed from time to time with
Executive's consent;

                  (iii) if Executive's place of business is relocated to a
distance of more than 100 miles from New Port Richey, Florida.

            (b)   In the event Executive terminates his employment for Good
Reason, Executive shall be entitled to a Termination Payment in the amount and
manner as provided in

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Paragraph 10 above; provided, however, that Executive shall have a duty to seek
employment and mitigate his damages. Executive shall promptly advise the Company
in the event that he secures other employment and shall respond to the Company's
inquiries from time to time concerning his employment status. Compensation (in
whatever form) earned by Executive on account of other employment or otherwise
for personal services rendered during the unexpired period during which
Termination Payments are to be made (without regard to when such compensation is
paid) shall be offset against and applied in reduction of the Company's
obligations hereunder. Executive shall not otherwise be entitled to receive any
further compensation hereunder.

      13.   NOTICES. Any notice required, permitted or desired to be given
pursuant to any of the provisions of this Agreement shall be deemed to have been
sufficiently given or served for all purposes if delivered in person or sent by
certified mail, return receipt requested, postage and fees prepaid, or by
national overnight delivery prepaid service to the parties at their addresses
set forth above. Either of the parties hereto may at any time and from time to
time hereafter change the address to which notice shall be sent hereunder by
notice to the other party given under this Paragraph 13. The date of the giving
of any notice sent by mail shall be the date of the posting of the mail, except
that notice of an address change shall be deemed given when received.

      14.   ASSIGNMENT. Neither this Agreement nor the right to receive any
payments hereunder may be assigned by Executive. It is the intention of the
parties hereto that Executive remain employed pursuant to the provisions hereof
by any successor of the Company or the Primary Group, whether by merger,
consolidation, acquisition of all or substantially all of the business or
assets, or otherwise, and the Company shall have the right to assign this
Agreement to any such successor in interest. This Agreement shall be binding
upon Executive, his heirs, executors and administrators and upon the Company,
its successors and assigns.

      15.   PATENTS AND OTHER PROPERTY. Any interests in trademarks, patents,
patent applications, inventions, developments and processes which Executive may
develop during the term of this Agreement relating to the fields in which the
Company or its affiliates may then be engaged, shall belong to the Company and
such affiliates. Executive agrees to execute any trademark assignment or other
instrument as the Company may deem reasonably necessary to evidence, establish,
maintain, protect, enforce and or defend any and all of the Company's interests
under this Paragraph 15. All such interests shall vest in the Company, whether
or not such instrument is requested, executed or delivered. If Executive shall
not so execute or deliver any such instrument after reasonable opportunity to do
so, the Company shall have the right to do so in Executive's name, place and
stead and the Company is hereby irrevocably appointed as Executive's
attorney-in-fact for such purpose, which power is coupled with an interest.

      16.   EXECUTIVE'S REPRESENTATIONS AND WARRANTIES.  Executive represents
and warrants to the Company as follows:

            (a) Executive has the unfettered right to enter into this Agreement
on the terms and subject to the conditions hereof, and Executive has not done or
permitted to be done anything which may curtail or impair any of the rights
granted to the Company herein.

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            (b)   Neither the execution and delivery of this Agreement by
Executive nor the performance by Executive of any of Executive's obligations
hereunder constitute or will constitute a violation or breach of, or a default
under, any agreement, arrangement or understanding, or any other restriction of
any kind, to which Executive is a party or by which Executive is bound.

      17.   INDEMNIFICATION. The Company agrees to hold harmless and indemnify
Executive to the extent permitted by law against all damages and/or losses which
Executive may suffer as a result of any third party claim, action, suit or
proceeding to which he may become a party by reason of Executive's services as,
and/or for activities engaged in by Executive while Executive is acting as an
officer and/or Executive of the Company or any affiliate thereof; provided,
however, that no such indemnification shall be paid to the extent any such
damages or losses shall arise through the negligence, bad faith or misconduct of
Executive or the breach by Executive of any of Executive's obligations under
this Agreement. This indemnity shall survive the termination of this Agreement
and the release of the Company and its affiliates contemplated hereby.

      18.   WAIVER. No course of dealing nor any delay on the part of either
party in exercising any rights hereunder will operate as a waiver of any rights
of such party. No waiver of any default or breach of this Agreement shall be
deemed a continuing waiver or a waiver of any other breach or default.

      19.   GOVERNING LAW.  This Agreement shall be governed, interpreted
and construed in accordance with the laws of the State of Florida
applicable to agreements entered into and to be performed entirely therein.

      20.   PARTIAL INVALIDITY. If any clause, paragraph, section or part of
this Agreement shall be held or declared to be void, invalid or illegal for any
reason by any court of competent jurisdiction, such provision shall be
ineffective but shall not in any way invalidate or affect any other clause,
paragraph, section or part of this Agreement.

      21.   MODIFICATIONS. Executive acknowledges and agrees that the Company
has not made nor is making, and in executing this Agreement Executive has not
relied upon, any representations, promises or inducements except to the extent
that the same are expressly set forth in this Agreement. This Agreement shall
not be altered or modified except in writing, duly executed by the parties
hereto.

      22.   BINDING EFFECT. This document is not intended to constitute an
Agreement, commitment, or offer of employment binding upon the Company until and
unless executed on behalf of the Company, as provided below, and no
representative of the Company has authority to make any commitment or to give
any assurance to the contrary.

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      If the foregoing correctly sets forth our understanding and agreement,
please sign where indicated below.

                                          Very truly yours,

                                          ENODIS CORPORATION

                                          By: /s/ David McCulloch
                                             -----------------------------------
                                             Name:  David McCulloch
                                             Title: Chief Operating Officer

AGREED TO AND ACCEPTED:

/s/ W. David Wrench
-----------------------
   W. David Wrench

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                                                                   Exhibit 10.24

[LOGO]

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                                                              Enodis Corporation
                   2227 Welbilt Boulevard o New Port Richey, Florida 34655 o USA
                          Tel: 727-375-7010 o Fax: 727-375-0894 o www.enodis.com

June 10, 2002

Mr. W. D. Wrench
16 Coates Hill Court
Bolton, Ontario
CANADA
L7E 5R7

Dear Dave,

This will confirm our recent discussions regarding your appointment as Chief
Financial Officer of Enodis plc, effective May 23, 2002 and reporting to me.
This letter and the letter and agreement dated as of June 10, 2002 will replace
our letter and agreement dated March 30, 2001.

Your base salary will be $270,000 US per annum effective May 23, 2002, plus a
target annual bonus of 84% of base salary, up to a maximum bonus opportunity of
140% of base salary. For fiscal year 2003 and beyond, your bonus will be based
on Enodis plc EBITA and cash results (as defined in the Enodis Performance
Incentive Plan). For fiscal year 2002, half of your bonus will be based on
Enodis plc results, with the other half of your bonus being based 75% on the
results of the Global Food Service Equipment Group, and 25% on the Enodis plc
results. In addition, (subject to Board approval at the appropriate time) you
will be eligible for annual stock option grants having a face value of 100% of
your base salary. Your car allowance will remain at $650 US per month ($1,000
Cdn). Your vacation will continue at four weeks annually. You will be expected
to maintain your primary office in our Global Operations Support Center in New
Port Richey, Florida. We will also make space available for you in the London
office. You will be paid out of the Florida office, but you will retain your
current Garland executive benefits.

Finally, as previously agreed, we will assist you and cover any costs associated
with maintaining your proper immigration status, as well as tax filing in the
US.

Dave, I am delighted that you will be assuming this new role, and I look forward
to working closely with you.

Sincerely,

/s/ Andrew Allner
Andrew Allner
Chief Executive Officer
Enodis plc

                                                                             cc:
                                                                      Bob Eimers
                                                                  Dave McCulloch

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