PR Newswire/Les Echos/
Jean-Christophe Giroux is appointed as Chief Executive Officer of MANITOU
In their meeting which took place on June 2, 2009 the Supervisory Board presided
over by Mr. Marcel Braud decided to appoint Mr. Jean-Christophe Giroux as Chief
Executive Officer replacing Mr. Marcel Claude Braud. This change is the result
of a reflection of several months the necessity of which is emphasised by the
events which took place at the end of 2008; the contraction of the orderbook on
a world-level, the acquisition of GEHL in the United States, the urge for a
clear and efficient organisation, call for a management both global and reactive
at the Head of the Group, allowing MANITOU to better adapt to its new
environment and to consolidate its leadership.
This decision, which mirrors the wish of the founding Family to concentrate on
the governance of the company, as well as on its strategy, will be coupled with
a return to a legal structure based on a Board of Directors, both simpler and
more efficient on a operational point of view. This new organisation-scheme in
which Mr. Marcel Braud will become non-executive Chairman of the Board and
Mr. Jean-Christophe Giroux will continue as the Chief Executive Officer, will be
submitted -after all legal details have been finalised- to the approbation of an
Extraordinary General Assembly of MANITOU shareholders which will be called in
autumn.
Jean-Christophe Giroux has been since 1997 with ALCATEL-LUCENT, where he was
until recently Chairman & CEO of ALCATEL-LUCENT France, and Chief Operating
Officer for the Europe & South region (2006-2008). Previously Jean-Christophe
Giroux has been President, Enterprise Solutions Division (2003-2006),
Chairman & CEO of ALCATEL Optronics (2000-2003) which he took public on the
Paris and Nasdaq stock exchanges as the first European tracking stock.
Jean-Christophe Giroux joined ALCATEL in 1997 as Vice President, Financial
Operations, in charge or Corporate Mergers and Acquisitions.
Prior to that, Jean-Christophe Giroux has been working in investment banking
with LAZARD (1991-1997) and in auditing with MAZARS & GUERARD (1989-1991).
Jean-Christophe Giroux holds a Hautes Etudes Commerciales (HEC) degree.
Forthcoming events
4 June 2009: General Meeting of Shareholders
Further information is available at
www.manitou.com
Listing
ISIN FR 0000038606 . MNO: MTU
Reuter: MANP.PA . Bloomberg: MTU.FP
Indices: SBF 250, NEXT 150, MIDCAC 100
Press contacts: Bruno Fille (tel. +33 2 40 09 10 03)
Pascale Noël-Hudson (tel. +33 2 40 09 10 56)
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