Filipov goes to Manitex

26 August 2019


Steve Filipov, the former Terex Cranes president who departed the company upon the completion of the sale of Demag Mobile Cranes to Tadano, has been appointed CEO of Manitex. He replaces longstanding CEO David Langevin, who becomes executive chairman of the company.

In a statement, Manitex said, “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.

“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.”

Langevin commented, “I have had the privilege to lead our company since 2003, and since then we’ve established Manitex as a market share leader in straight-mast boom trucks here in North America. Our 2015 acquisition of PM articulating cranes created a great opportunity to become an international player in a market many times the size of our North American market.

“We are most fortunate to be able to attract Steve to our company and we believe that Steve's significant international crane experience will stimulate the PM business to much higher performance in this substantial market. Our entire board and strategic partners are all excited to have Steve join us, and we look forward to planning and executing our future growth strategy under his stewardship.”

Filipov, commented, “I am excited about the opportunity to work with the team here at Manitex International. 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.”

Steve Filipov at Bauma in April, celebrating the sale of Demag Mobile Cranes to Tadano