Manitowoc’s chairman to retire Wednesday

Terry Growcock, chairman of the board of The Manitowoc Company Inc., will retire on Wednesday, Dec. 31, after a 15-year career with the company.

Growcock has served as chairman since 2007. He worked previously as chairman and chief executive officer from 2002 to 2007 and president and CEO from 1998 to 2002. Growcock also worked as president of Manitowoc Foodservice Group from 1995 to 1998.

"Terry has truly been a transformational figure at Manitowoc," said current CEO Glen Tellock. "He has taken us from a revenue base of $700 million in 1998 to more than $4 billion today. Under his leadership, our Crane segment has grown from a North American-based business to a market-leading global manufacturer of crawler cranes, tower cranes, and mobile telescopic cranes. Similarly, Terry was instrumental in growing our Foodservice segment from a U.S.-focused provider of commercial ice machines to becoming a global leader in heating, cooking, ice, beverage, and refrigeration equipment. All of us at Manitowoc will miss his inspirational leadership, wise counsel, and cordial friendship. We sincerely wish him all the best in his retirement."

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