MANITOWOC, Wis.--(BUSINESS WIRE)--Jul. 29, 2015--
The Manitowoc Company, Inc. (NYSE: MTW) today announced the appointment
of Hubertus M. Muehlhaeuser as Chief Executive Officer of Manitowoc
Foodservice, Inc. Mr. Muehlhaeuser will join the company on August 3,
2015.
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Hubertus M. Muehlhaeuser, Chief Executive Officer of Manitowoc Foodservice, Inc. (Photo: Business Wire)
“Hubertus is a dynamic leader with a demonstrated ability to drive
strategic transformation throughout an organization. He has also
established a proven track record of building and empowering teams to
achieve enhanced performance. Hubertus’ multi-functional expertise,
including operational execution, financial acumen, capital markets
knowledge, and strong channel and brand management, will offer our
Foodservice business a unique set of skills as it positions itself for
long-term, sustainable growth. We welcome Hubertus to the team and have
the utmost confidence in his ability to lead Foodservice through its
planned separation from Manitowoc in the first quarter of 2016,”
commented Kenneth Krueger, Manitowoc Company board member.
In his most recent corporate position, Hubertus was Senior Vice
President and General Manager for Europe, Africa, and the Middle East at
AGCO Corporation, a global farm equipment producer, and was responsible
for the strategic and operational performance of the company’s largest
reporting unit, representing more than $5 billion in revenue. Through
his seven-year tenure at AGCO, Mr. Muehlhaeuser held several other key
leadership roles, including Senior Vice President and General Manager of
Eastern Europe and Asia, as well as General Manager of AGCO’s global
engines business. Next to these roles, Hubertus held the position of
Senior Vice President of Strategy and Integration driving the strategic
roadmap and change in AGCO for seven years.
Before joining AGCO Corporation, Mr. Muehlhaeuser spent more than 10
years at Arthur D. Little, a global management consultancy firm, where
he was a partner and member of the Global Executive Team at Arthur D.
Little Ltd., serving as managing director of the Swiss operations and as
the global leader of the Strategy & Organization practice.
Over the last several years, Mr. Muehlhaeuser has also been involved as
a board member and investor in several privately held businesses.
“Hubertus is a strong addition to the Foodservice team. His combination
of strategic leadership and operational successes will be imperative as
the business looks to capitalize on the significant opportunity ahead of
it. I look forward to working closely with Hubertus over the coming
months as we transition into two separate, market-leading businesses,”
stated Glen E. Tellock, Chairman and Chief Executive Officer of The
Manitowoc Company.
About The Manitowoc Company, Inc.
Founded in 1902, The Manitowoc Company, Inc. is a multi-industry,
capital goods manufacturer with 92 manufacturing, distribution, and
service facilities in 25 countries. The company is recognized globally
as one of the premier innovators and providers of crawler cranes, tower
cranes, and mobile cranes for the heavy construction industry. Manitowoc
is also one of the world’s leading innovators and manufacturers of
commercial foodservice equipment, which includes 24 market-leading
brands of hot- and cold-focused equipment. In addition, both segments
are complemented by a slate of industry-leading product support
services. In 2014, Manitowoc’s revenues totaled $3.9 billion, with
approximately half of these revenues generated outside of the United
States.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150729006805/en/
Source: The Manitowoc Company, Inc.
The Manitowoc Company, Inc.
Thomas G. Musial
Senior Vice
President Human Resources & Administration
920-652-1738