Muehlhaeuser Named CEO of Manitowoc Foodservice

He will lead Foodservice through a planned separation from Manitowoc in first quarter of 2016

MANITOWOC, Wis. — The Manitowoc Co. Inc. has announced the appointment of Hubertus M. Muehlhaeuser as chief executive officer of Manitowoc Foodservice Inc. Manitowoc is a leading manufacturer of commercial foodservice equipment, including refrigeration equipment.

“Hubertus is a dynamic leader with a demonstrated ability to drive strategic transformation throughout an organization. He has also established a proven track record of building and empowering teams to achieve enhanced performance. Hubertus’ multi-functional expertise, including operational execution, financial acumen, capital markets knowledge, and strong channel and brand management, will offer our Foodservice business a unique set of skills as it positions itself for long-term, sustainable growth. We welcome Hubertus to the team and have the utmost confidence in his ability to lead Foodservice through its planned separation from Manitowoc in the first quarter of 2016,” said Kenneth Krueger, Manitowoc board member.

In his most recent corporate position, Muehlhaeuser was senior vice president and general manager for Europe, Africa, and the Middle East at AGCO Corp., a global farm equipment producer, and was responsible for the strategic and operational performance of the company’s largest reporting unit, representing more than $5 billion in revenue.

Before joining AGCO, Muehlhaeuser spent more than 10 years at Arthur D. Little, a global management consultancy firm, where he was a partner and member of the Global Executive Team at Arthur D. Little Ltd., serving as managing director of the Swiss operations and as the global leader of the Strategy & Organization practice.

Over the last several years, Muehlhaeuser has also been involved as a board member and investor in several privately held businesses.

“Hubertus is a strong addition to the Foodservice team. His combination of strategic leadership and operational successes will be imperative as the business looks to capitalize on the significant opportunity ahead of it. I look forward to working closely with Hubertus over the coming months as we transition into two separate, market-leading businesses,” said Glen E. Tellock, chairman and chief executive officer of The Manitowoc Co.

For more information, visit www.manitowoc.com.

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