Tellock To Head Manitowoc

Posted on May 1, 2007

The Manitowoc Co., Inc. has announced that the company's board of directors has elected Glen E. Tellock, 46, as president and chief executive officer, effective immediately. Tellock succeeds Terry D. Growcock, 61, who will remain chairman of the board of directors through 2008. Tellock was also appointed to serve on the board for a term that expires in 2008.

"This is the perfect situation for a change in leadership. The company's performance has never been stronger nor its future brighter," said Growcock. "As former chief financial officer and then president of our largest segment, Glen has a complete understanding of the value drivers of our business."

Eric Etchart. replaces Tellock as president of Manitowoc Crane Group after having served as executive vice president of the Asia Pacific region. Etchart also managed Manitowoc’s Potain brand in Italy.

Tellock had been senior vice president of The Manitowoc Co. and president of Manitowoc Crane Group since 2002. Previously, he served as senior vice president and chief financial officer (1999 to 2002), vice president of finance and treasurer (1998 to 1999), corporate controller (1992 to 1998) and director of accounting (1991 to 1992).

Growcock had been the company's president and chief executive officer since 1998 and has served as chairman of the board since October 2002. He has also been a director since 1998. Growcock joined the company in 1994 as executive vice president and general manager of Manitowoc Ice. In March 1995, he was appointed president of Manitowoc Foodservice Group and served in that capacity until his promotion to president and chief executive officer in 1998.