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The Manitowoc Company appoints Dean J. Nolden as Corporate Treasurer

The Manitowoc Company, Inc. announced today that Dean J. Nolden, 40, has been elected treasurer by the company's board of directors. Mr. Nolden, who will also continue as Manitowoc's vice president of finance, assumes his additional responsibilities immediately.

Nolden joined Manitowoc's corporate staff in 1998 as corporate controller and served in that capacity until his promotion to vice president of finance and controller in May 2004, which was followed by a promotion to vice president of finance and assistant treasurer in May 2006. Mr. Nolden also served a short-term assignment in 2001 in Ecully, France, as the integration manager following Manitowoc's acquisition of Potain.

As treasurer of The Manitowoc Company, Nolden will be responsible for global cash management, development and implementation of foreign currency and interest rate hedging strategies, and management of bank and debt-market relationships. He will also participate in corporate strategic planning, merger, and acquisition activities, as well as retirement fund management.

Prior to joining Manitowoc, Nolden spent eight years in public accounting in the audit practice of PricewaterhouseCoopers LLP. He left that firm in 1998 as an audit manager.

Mr. Nolden is a 1991 graduate of the University of Wisconsin-Madison, where he earned a bachelor of business administration degree in accounting. He is also a 2005 graduate of Marquette University, where he earned his masters degree in business administration.