MANITOWOC, Wis.--(BUSINESS WIRE)--
The Manitowoc Company, Inc. (NYSE: MTW) today announced the appointment
of David J. Antoniuk as vice president and chief financial officer,
effective May 31, 2016. The company has also announced that Carl J.
Laurino has resigned as senior vice president and chief financial
officer effective May 31, 2016, to pursue other opportunities. Mr.
Laurino will continue with the company until the end of June to ensure
an orderly transition throughout the accounting, treasury and
information systems organizations.
“I want to thank Carl for his commitment, contributions, and support to
the organization over the last 16 years. Among many other
accomplishments throughout his tenure, he was a driving force in the
split of the organization into two publicly held companies. On behalf of
the Board of Directors and the rest of the management team, we wish him
well in all his future endeavors,” commented Barry L. Pennypacker,
president and chief executive officer of The Manitowoc Company.
“At the same time, I would like to welcome David to the team. He is a
strong leader with a track record of increasing shareholder value by
enhancing profitability and operational cash flows while maintaining
robust internal financial controls. His financial and operational
expertise will prove invaluable as we implement our strategic priorities
and position the business for long-term success,” concluded Pennypacker.
Mr. Antoniuk joins Manitowoc from Colorcon, Inc., where he served as
vice president and chief financial officer. He started with KPMG in
1979, holding positions of increasing responsibility throughout his
career and was the vice president and corporate controller at Gardner
Denver prior to Colorcon. Mr. Antoniuk began his career at KPMG after
earning a B.S. degree in business administration from Seton Hall
University.
About The Manitowoc Company, Inc.
Founded in 1902, The Manitowoc Company, Inc. is a leading global
manufacturer of cranes and lift solutions with 49 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 2015, Manitowoc’s revenues
totaled $1.9 billion, with over half of these revenues generated outside
the United States.
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Source: The Manitowoc Company, Inc.