Manitex International has appointed Steve Filipov as its chief executive officer and director.
Former CEO David Langevin remains as executive chairman and the changes are effective on 1 September.
Manitex is headquartered in the USA and has operations worldwide, in truck mounted and knuckle boom cranes and aerial platforms. Its brands include Manitex, PM, Badger, Little Giant, Oil & Steel, Manitex Valla and Manitex Sabre. Filipov said his number one objective at Manitex was to ”accelerate the transformation of the PM knuckle boom business into an efficient and world-class operation”.
Filipov joined Manitex after a long career at Terex Corporation. He started in 1993 as its youngest international manager, moving on to senior management and executive roles. Most recently he was Terex Cranes president, from 2016 until the sale of Demag Mobile Cranes to Tadano at the end of July, 2019.
“I am excited about the opportunity to work with the team here at Manitex International,” said Filipov. “It is our number one objective to accelerate the transformation of the PM knuckle boom business into an efficient and world-class operation, with industry-leading global production and distribution capabilities.
”I believe that my substantial international experience in the crane industry will be a valuable asset in the development of the PM business. I have known the team at Manitex International for many years, and I’m confident that we will be able to build on their substantial progress, working together towards the successful execution of our business objectives right from the beginning.
Langevin, who has been Manitex CEO and chairman since 2006, will remain with the company as executive chairman. He will continue to be involved full-time, focusing on strategic planning, corporate finance and relationships with strategic and investment partners.
Filipov said he would make a personal investment in Manitex shares ”to better align my economic interests with those of other Manitex shareholders.”