Bardonaro steps down at AmQuip

Frank Bardonaro has stepped down as AmQuip Crane Rental president and CEO. Bardonaro will maintain his relationship with AmQuip through a new board position and will retain his shareholding, AmQuip said.

It will be business as usual at the US crane rental major, according to Richard Bard, AmQuip board chairman and CEO of Bard Capital Group, an investor in the company. "All issues previously directed to Frank Bardonaro will be handled by Al Bove, COO who joined AmQuip last December," Bard added.

"We thank Frank for taking us through this transition since our acquisition in 2007," said Yuki Narula, a director of AmQuip who represents the largest shareholder, Altpoint Capital Partners.

"I feel good about the performance of AmQuip, our team, and the leading position AmQuip continues to have in its markets," said Frank Bardonaro. "This change will allow me to move on with my career and personal goals, knowing that Al Bove is on board to continue with senior leadership at the company."

Bove is an industry veteran, having been COO of General Crane's operations in the Southwest and Western USA prior to joining AmQuip. He was also CEO at Maxim Crane Works.