19.12.2008

Growcock to retire at year end

Terry D. Growcock, chairman of the board of Manitowoc has announced his intention to retire at the end of the year, after 15 years with the company.
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Terry D. Growcock

Growcock, 63, moved to his current post in 2007, after Glen Tellock took over his role as chief executive. He joined the company in 1994 as executive vice president of Manitowoc Ice and a year later was appointed president of Manitowoc Foodservice Group, moving up to president and chief executive of the whole group in 1998. In 2002 he added the role of chairman to his duties.

Before joining Manitowoc Growcock served in numerous management and executive positions with Siebe and United Technologies.

"Terry has truly been a transformational figure at Manitowoc," said Tellock. "He has taken us from a revenue base of $700 million in 1998 to more than $4 billion today. Under his leadership, our Crane segment has grown from a North American-based business to a market-leading global manufacturer of crawler cranes, tower cranes, and mobile telescopic cranes. Similarly, Terry was instrumental in growing our Foodservice segment from a U.S.-focused provider of commercial ice machines to becoming a global leader in heating, cooking, ice, beverage, and refrigeration equipment. All of us at Manitowoc will miss his inspirational leadership, wise counsel, and cordial friendship. We sincerely wish him all the best in his retirement."

Growcock serves as a non executive on the boards of Bemis Manufacturing, Harris Corporation, Harsco Corporation, and Carlisle Companies Incorporated.

In February 2005 and again in February 2007, Growcock was appointed by president George W. Bush to the Advisory Committee on Trade Policy and Negotiations for the United States Trade Representative.