The Manitowoc Company announced it has named Barry L. Pennypacker as president and CEO of Manitowoc Cranes. Pennypacker will report to current interim chairman and chief executive officer of The Manitowoc Company, Inc., Kenneth W. Krueger. Larry J. Weyers, the current president of Manitowoc Cranes, will continue with the company as executive vice president of Manitowoc Cranes.
The Manitowoc Company, Inc. will change its name to Manitowoc Cranes, Inc. and Pennypacker will serve as president and CEO of Manitowoc Cranes, Inc. Krueger will serve as Chairman of the Board of Manitowoc Cranes, Inc.
"Barry’s deep industrial expertise, coupled with the successful execution of numerous lean initiatives throughout his career, makes him an excellent candidate to build on Manitowoc Crane’s leading market positions to return the business to growth and improved profitability,” stated Krueger.
Source: Manitowoc Company