Manitex International announced that the Board of Directors unanimously approved the appointment of Steve Filipov as chief executive officer and director of Manitex International, and David Langevin as executive chairman. The changes are effective September 1, 2019.
Filipov comes to Manitex with an exceptional track record and well-documented results within the industrial equipment industry as a senior management executive at Terex Corporation. Filipov began his career at Terex in 1993 as the youngest international manager in the Terex organization, and since then has held numerous senior management and executive roles, most recently as the President of Terex Cranes, from 2016 until the sale of Demag Mobile Cranes at the end of July, 2019.
Langevin will remain with the company as executive chairman, and as such, will continue to be involved on a full-time basis with the business, specifically in the company’s strategic planning efforts, corporate finance, and key relationships with our strategic and investment partners.
“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. Furthermore, I intend to make a personal investment in Manitex shares in the near term to better align my economic interests with those of other Manitex shareholders.”