The Manitowoc Company Announces Departure of Lawrence J. Weyers
August 07 2017 - 4:50PM
Business Wire
The Manitowoc Company, Inc. (NYSE: MTW) announced that after
more than 20 years of service to The Manitowoc Company (the
“Company”), Lawrence J. Weyers
provided notice to the Board of Directors of the Company (the
“Board”) of his desire to leave the
Company, effective August 31, 2017. Mr. Weyers currently
serves as Executive Vice President, Tower Cranes, and has held
various other executive management positions since joining the
Company in 1998. “The Board and I thank Larry for his strong
leadership over the many years with Manitowoc. We are particularly
appreciative of Larry’s service where he has been instrumental in
building the Company and will remain as a good friend of
Manitowoc,” stated Barry L Pennypacker, President and CEO.
“With Larry’s departure, Aaron Ravenscroft will become our new
Executive Vice President of Cranes and will be based out of our
Dardilly, France facility. In addition, we will continue to take
actions to flatten our organizational structure to improve our
competitive position in the marketplace while enhancing our ability
to exceed customer expectations with innovative products and
services,” concluded Pennypacker. Mr. Ravenscroft currently serves
as the Company’s Executive Vice President, Mobile Cranes.
About The Manitowoc Company, Inc.
Founded in 1902, The Manitowoc Company, Inc. is a leading global
manufacturer of cranes and lifting solutions with manufacturing,
distribution, and service facilities in 20 countries. Manitowoc is
recognized as one of the premier innovators and providers of
crawler cranes, tower cranes, and mobile cranes for the heavy
construction industry, which are complemented by a slate of
industry-leading aftermarket product support services. In 2016,
Manitowoc’s net sales totaled $1.6 billion, with over half
generated outside the United States.
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version on businesswire.com: http://www.businesswire.com/news/home/20170807005997/en/
The Manitowoc Company, Inc.Ion M. WarnerVP, Marketing and
Investor Relations717-593-5266
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