Pennypacker Named President of Manitowoc Cranes

December 28, 2015 - The Manitowoc Co. Inc., has named Barry L. Pennypacker as president and CEO of Manitowoc Cranes. Pennypacker will report immediately to Kenneth W. Krueger, current interim chairman and CEO of The Manitowoc Co. Upon execution of the planned spin-off of Manitowoc Foodservice, The Manitowoc Co. will change its name to Manitowoc Cranes Inc., according to a report by the Milwaukee Journal Sentinel.

 

Pennypacker then will serve as president and CEO, and Krueger will serve as chairman of the board of Manitowoc Cranes Inc. Larry J. Weyers, current Manitowoc Cranes president, will continue with the company as executive vice president.

 

Most recently, Pennypacker served as founder, president, and CEO of Quantum Lean LLC, a privately-held manufacturer and supplier of precision components. Prior to that, he was president, CEO, and a director of Gardner Denver Inc., a manufacturer and marketer of engineered industrial machinery and related parts and services.