Manitowoc Company, Inc. (NYSE: MTW) has announced the appointment of Mark B. Rourke and Randy A. Wood as new directors to its board of directors. Rourke, the President and CEO of Schneider National (NYSE: SNDR), brings with him over three decades of experience in various leadership roles, including executive vice president, chief operating officer, and president of truckload services. Wood, the President and CEO of Lindsay Corporation (NYSE: LNN), has over a decade of experience within Lindsay, holding roles such as chief operating officer, president of irrigation, and president of international irrigation.
Rourke holds a bachelor of arts degree in marketing from the University of Akron and has attended programs on corporate governance and strategic leadership at Harvard University. Wood holds a bachelor of environmental studies degree from the University of Waterloo, a master of business administration from the University of Colorado, and has completed the global executive leadership program at Yale University. Both directors bring a wealth of knowledge and experience to the board, with Rourke serving on the board of directors for the trucking alliance and the Green Bay Packers, and Wood serving on the board of directors for Nebraska and Omaha chambers of commerce and United Way of the Midlands.
Kenneth W. Krueger, chairman of Manitowoc’s board of directors, expressed confidence in the appointment, stating that Rourke and Wood are proven leaders with exceptional operational expertise that will enhance strategic decision-making and governance for Manitowoc. This move is expected to provide invaluable guidance as the company accelerates the achievement of its long-term growth objectives. Following these announcements, the company's shares moved -2.87%, and are now trading at a price of $13.52. Check out the company's full 8-K submission here.
