December 22, 2008 – After a 15-year career that was highlighted by strategic acquisitions, transformational growth, and business globalization, Terry Growcock, chairman of the board of The Manitowoc Company, Manitowoc, Wis., will retire, effective December 31.
Growcock has served as Manitowoc's chairman of the board since 2007. Previously, he served as chairman and CEO from 2002 to 2007, and president and CEO from 1998 to 2002. He joined the company in 1994 as executive vice president of Manitowoc Ice. In 1995, he was appointed president of Manitowoc Foodservice Group and served in that capacity until his promotion to president and CEO of the corporation in 1998.
"Terry has truly been a transformational figure at Manitowoc," said CEO Glen E. Tellock. "He has taken us from a revenue base of $700 million in 1998 to more than $4 billion today. Under his leadership, our crane segment has grown from a North American-based business to a market-leading global manufacturer. Similarly, Terry was instrumental in growing our foodservice segment."
