04.05.2016

New CFO for Manitowoc

Manitowoc has appointed David Antoniuk as chief financial officer, effective the end of this month.

He replaces Carl Laurino who has resigned 'to pursue other opportunities', he will though remain with the company until the end of June to ensure an orderly transition.

Antoniuk joins Manitowoc from Colorcon, where he is also chief financial officer. Prior to that he worked alongside chief executive Barry Pennypacker at Gardner Denver, where he was corporate controller, having joined the business in 2005. Before that was chief financial officer at Davis-Standard Corporation for nine years, having joined the company after an 11 year spell with Pirelli cables . He began his career with KPMG in 1979.
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David Antoniuk

Chief executive Barry Pennypacker said: “I want to thank Carl for his commitment, contributions, and support to the organisation over the last 16 years. Among many other accomplishments throughout his tenure, he was a driving force in the split of the organisation into two publicly held companies. On behalf of the board of directors and the rest of the management team, we wish him well in all his future endeavours”.

“At the same time, I would like to welcome David to the team. He is a strong leader with a track record of increasing shareholder value by enhancing profitability and operational cash flows while maintaining robust internal financial controls. His financial and operational expertise will prove invaluable as we implement our strategic priorities and position the business for long-term success”.