MTW - The Manitowoc Company Announces Upcoming Change in its Board of Directors

The Manitowoc Company, Inc. (NYSE: MTW) announced today that board member John C. Pfeifer has chosen not to stand for reelection to the Company’s Board of Directors; therefore, his term will end at the May 7, 2024 annual meeting of shareholders. First appointed to the Manitowoc board in 2016, as the President and Chief Executive Officer of Oshkosh Corporation Mr. Pfeifer brought expert and deep operational experience and advice from the machinery industry. He was instrumental in shaping Manitowoc’s strategy for growth in envisioning Manitowoc’s strategy shift from a solely product-focused company to being more service-oriented.

“John brought sage and invaluable advice that was instrumental in steering the successful Manitowoc that it is today. Over the last seven years, he contributed his expertise in operations, finance, acquisition strategies, and a deep understanding of the construction equipment business, for which we are grateful,” commented Kenneth W. Krueger, Chairman of The Manitowoc Company, Inc.

About The Manitowoc Company, Inc.

The Manitowoc Company was founded in 1902 and has over a 120-year tradition of providing high-quality, customer-focused products and support services to its markets. Headquartered in Milwaukee, Wisconsin, United States, Manitowoc is one of the world's leading providers of engineered lifting solutions. Manitowoc, through its wholly-owned subsidiaries, designs, manufactures, markets, distributes and supports comprehensive product lines of mobile hydraulic cranes, lattice-boom crawler cranes, boom trucks, and tower cranes under the Aspen Equipment, Grove, Manitowoc, MGX Equipment Services, National Crane, Potain, and Shuttlelift brand names.

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