ROB GIEBEL has left Manitowoc and been replaced as Crane Group president and general manager by Glen Tellock, previously chief financial officer of Manitowoc Company Inc.
The move appears to pave the way for Jeff Bust, a former president to Manitowoc Cranes and currently CEO of Grove Worldwide, to become CEO of the newly enlarged Manitowoc Crane Group once the Grove acquisition is completed. The deal is expected to close this month or early next month without Terex opposing the coming together of the National and Manitowoc boom truck businesses. A Grove insider pointed out: ‘We’ve kept quiet during every one of Terex’s acquisitions. If they had started complaining about us and Manitowoc now, we could cause trouble for the Demag deal.’
Tellock has been made president of the Manitowoc Crane Group because of his ‘financial experience’ and ‘in depth knowledge and understanding of the management principles of EVA’, said Manitowoc Company Inc president/CEO Terry Growcock.
