The Manitowoc Company, Inc. Announces Management Changes
August 06, 2020 at 01:49 am IST
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The Manitowoc Company, Inc. announced that Aaron H. Ravenscroft, currently the Company’s Executive Vice President of Cranes, has been appointed as CEO, effective immediately. Mr. Ravenscroft succeeds Barry L. Pennypacker, who is stepping down from his role as Chief Executive Officer as part of the Company’s leadership transition plan. Mr. Pennypacker will continue to serve the Company in an advisory role through December 31, 2020, to ensure a smooth transition. Mr. Ravenscroft joined Manitowoc in March 2016, and has been responsible for the Company’s Cranes business globally, including Mobile and Tower cranes. In his role as Executive Vice President of Cranes, Mr. Ravenscroft has led efforts to improve product quality and customer service, and enhance operational efficiency and profitability.
The Manitowoc Company, Inc. is a provider of engineered lifting solutions. The Company, 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. Its segments include Americas segment, Europe and Africa (EURAF) segment and Middle East and Asia Pacific (MEAP) segment. The Americas segment includes the North America and South America continents. The EURAF segment includes the Europe and Africa continents, excluding the Middle East region. The MEAP segment includes the Asia and Australia continents and the Middle East region. Its crane products are used in a variety of applications throughout the world, including energy production/distribution and utility, petrochemical and industrial, and infrastructure.
THE MANITOWOC COMPANY, INC. 
