Manitex Names New CEO, Executive Chairman

August 22, 2019 – Manitex International Inc. announced that their board of directors has unanimously approved the appointment of Steve Filipov as chief executive officer and director of Manitex, and David Langevin as executive chairman, effective Sep. 1.

Filipov comes to Manitex with a track record in the industrial equipment industry as a senior management executive at Terex Corporation. He began his career there in 1993 as the youngest international manager in the organization, and since then, has held numerous senior management and executive roles, most recently as the president of Terex Cranes.

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 strategic and investment partners.

“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,” said Langevin. “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."

He continued, “I have known the team at Manitex International for many years, and I’m confident that we will be able to build on their substantial progress, working together towards the successful execution of our business objectives right from the beginning. Furthermore, I intend to make a personal investment in Manitex shares in the near term to better align my economic interests with those of other Manitex shareholders.”