Board member Krueger will fill the role of chairman, president and CEO while the company completes its search for a permanent successor to Tellock, who has stepped down from the board to pursue other opportunities, said the company.
Roy Armes, lead independent director at The Manitowoc Company, said: "Manitowoc has maintained its industry-leading positions in Cranes and Foodservice in spite of significant macro-economic headwinds and operational issues over the last 18 months.
"The Board of Directors, however, believe this is the right time for new leadership at the company. Ken’s deep knowledge of Manitowoc’s businesses, coupled with his robust financial and operational expertise, make him an excellent choice to lead the company’s efforts as we execute a search for our next chief executive officer."
