MANITOU, leader mondial de la manutention tout-terrain

New CEO at MANITOU

In their meeting which took place on June 2, 2009 the Supervisory Board presided over by Mr. Marcel Braud decided to appoint Mr. Jean-Christophe Giroux as Chief Executive Officer replacing Mr. Marcel Claude Braud.

This change is the result of a reflection of several months the necessity of which is emphasised by the events which took place at the end of 2008; the contraction of the orderbook on a world-level, the acquisition of GEHL in the United States, the urge for a clear and efficient organisation, call for a management both global and reactive at the Head of the Group, allowing MANITOU to better adapt to its new environment and to consolidate its leadership.

This decision, which mirrors the wish of the founding Family to concentrate on the governance of the company, as well as on its strategy, will be coupled with a return to a legal structure based on a Board of Directors, both simpler and more efficient on a operational point of view.

This new organisation-scheme in which Mr. Marcel Braud will become non-executive Chairman of the Board and Mr. Jean-Christophe Giroux will continue as the Chief Executive Officer, will be submitted –after all legal details have been finalised– to the approbation of an Extraordinary General Assembly of MANITOU shareholders which will be called in autumn.