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Actionable news in MTW: THE MANITOWOC COMPANY Inc,

Departure of Directors or Certain

On October 28, 2015, The Manitowoc Company, Inc. (the Company) announced that Glen E. Tellock resigned from his positions as Chairman, President and Chief Executive Officer of the Company to pursue other opportunities. Mr. Tellock also resigned from the Companys Board of Directors.

Also on October 28, 2015, the Company announced that Kenneth W. Krueger, a director of the Company, was appointed as Chairman, President and Chief Executive Officer of the Company on an interim basis, effective immediately. The Board of Directors has initiated a search for a Chief Executive Officer of the Company. Following the previously announced separation of the Companys Cranes and Foodservice businesses into two independent publicly-traded companies, it is expected that the new Chief Executive Office r of the Company will continue as Chief Executive Officer of the Cranes business. Hubertus M. Muehlhaeuser will remain the Chief Executive Officer of the Companys Foodservice segment.

Mr...


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