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The Manitowoc Company Inc. (NYSE: MTW) has named Barry Pennypacker as president and CEO of Manitowoc Cranes.
Pennypacker will report to current interim CEO of The Manitowoc Company, Kenneth Krueger.
Larry Weyers, current president of Manitowoc Cranes, will continue with the company as executive vice president of Manitowoc Cranes.
Upon the previously announced spin off of Manitowoc Foodservice, The Manitowoc Company will change its name to Manitowoc Cranes and Pennypacker will then serve as president and CEO, while Krueger will serve as chairman of the board.