The Manitowoc Company Appoints Therese Houlahan As Corporate Treasurer

The Manitowoc Company, Inc. (NYSE: MTW) announced that Therese Houlahan has been elected treasurer by the company’s board of directors effective today.

As treasurer of The Manitowoc Company, Ms. Houlahan will be responsible for global cash management, foreign currency, commodity and interest rate hedging strategies, and the management of bank and debt-market relationships. In addition, she will maintain custody and will be accountable for all cash, securities, and financial assets of The Manitowoc Company. Ms. Houlahan succeeds Dean Nolden, who has transitioned to the position of executive vice president of finance for Manitowoc’s Crane segment.

Prior to joining The Manitowoc Company, Ms. Houlahan served as treasurer of Kaydon Corporation since 2012, after initially joining the company as its assistant treasurer in 2010. Her other professional experience includes positions as director, corporate treasury at Alberto Culver Company, assistant treasurer at Hayes Lemmerz International, Inc., and analyst at the Office of the Comptroller of the Currency.

Ms. Houlahan earned a Bachelor of Arts degree in Economics and a MBA from the University of Michigan, and is a Certified Treasury Professional.

About The Manitowoc Company, Inc.

Founded in 1902, The Manitowoc Company, Inc. is a multi-industry, capital goods manufacturer with over 100 manufacturing, distribution, and service facilities in 20 countries. The company is recognized globally as one of the premier innovators and providers of crawler cranes, tower cranes, and mobile cranes for the heavy construction industry, which are complemented by a slate of industry-leading product support services. In addition, Manitowoc is one of the world's leading innovators and manufacturers of commercial foodservice equipment, which includes 24 market-leading brands of hot- and cold-focused equipment. In 2013, Manitowoc’s revenues totaled $4.0 billion, with more than half of these revenues generated outside of the United States.

Copyright Business Wire 2010

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