The Board of Directors of Manitou Group announced that Dominique Bamas, President and CEO, has resigned. Mr. Bamas was appointed on an interim basis on March 6, 2013 and is resigning in accordance with the agreements made with the Board in order to permit the appointment of Michel Denis as the new President and CEO. Michel Denis will assume his functions as of January 13, 2014 for a four-year-term expiring at the shareholders meeting for the approval of 2017 financial statements.

Michel Denis joined Dalkia in 1994 to develop cogeneration. He subsequently managed the French businesses of MC International which later became Johnson Controls, a specialist in industrial and commercial refrigeration. In 2003 he joined the Fraikin Group for which he was CEO until August of 2013.

Over the past 10 years, he accompanied the strong international development of the Fraikin group which imposed its approach to the design of industrial vehicles, the associated services and the European financing of its fleet of 60,000 vehicles as a model.