Manitowoc board member Pfeifer to exit in May
Investing.com | Editor Natashya Angelica
Published Mar 22, 2024 04:18PM ET
MILWAUKEE - The Manitowoc Company, Inc. (NYSE: NYSE:MTW), a global provider of engineered lifting solutions, announced that John C. Pfeifer, a member of its Board of Directors, will not seek reelection and will conclude his term following the company's annual meeting of shareholders on May 7, 2024. Pfeifer, who has served on the Manitowoc board since 2016, is also the President and CEO of Oshkosh (NYSE:OSK) Corporation.
During his tenure on the board, Pfeifer has been credited with contributing to the company's strategic growth and shift towards a more service-oriented approach, in addition to its traditional focus on products. Kenneth W. Krueger, Chairman of The Manitowoc Company, praised Pfeifer for his "sage and invaluable advice" and his role in guiding the company's direction.
Pfeifer's expertise in operations, finance, acquisition strategies, and the construction equipment business has been acknowledged as a significant asset to Manitowoc's development over the past seven years.
The Manitowoc Company, with a history dating back to 1902, is headquartered in Milwaukee, Wisconsin. It operates globally, specializing in mobile hydraulic cranes, lattice-boom crawler cranes, boom trucks, and tower cranes, which are distributed under various brand names including Aspen Equipment, Grove, Manitowoc, MGX Equipment Services, National Crane, Potain, and Shuttlelift.
This announcement is based on a press release statement from The Manitowoc Company, Inc. detailing the upcoming departure of board member John C. Pfeifer. The company will continue to leverage its long-standing tradition of quality and customer-focused services as it transitions to its next phase of leadership and strategic development.
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