Roy Armes - Manitowoc Presiding Independent Director

MTW Stock  USD 10.57  0.55  5.49%   

Director

Mr. Roy V. Armes is Independent Director of the Company. He was a director of the Company since 2018 and serves on the Companys Corporationrationrate Governance and Compensation Committees. He was previously a director of the Company from 2010 to 2016. He is the former Executive Chairman, President and CEO of Cooper Tire and Rubber Company from 2007 to 2016. He held various executive positions with Whirlpool Corporation from 1975 to 2006 including Senior Vice President, Project Management Office Corporationrationrate Vice President and General Director, Whirlpool Mexico Corporationrationrate Vice President, Global Procurement Operations PresidentManaging Director, Whirlpool Greater China, Inc. Hong Kong Vice President, Manufacturing Technology, Whirlpool Asia and Vice President, Manufacturing Technology, Refrigeration Products, Whirlpool Europe . He was a director of AGCO Corporation since 2013 and currently serves on the Compensation Committee and Succession Planning Committee of AGCO. since 2018.
Age 67
Tenure 6 years
Address One Park Plaza, Milwaukee, WI, United States, 53224
Phone414 760 4600
Webhttps://www.manitowoc.com
Armes serves as the Chairman, President and Chief Executive Officer of Cooper Tire & Rubber Company . Cooper Tire & Rubber Company, headquartered in Findlay, OH, is a global company that specializes in the design, manufacture, marketing and sales of passenger car, light and medium truck, motorcycle and racing tires. Prior to joining Cooper Tire & Rubber Company in 2007, Mr. Armes was employed for 31 years at Whirlpool Corporationrationrationration, a manufacturer and marketer of major home appliances, serving in positions of increasing responsibility, including Senior Vice President, Project Management Office; Corporationrationrationrate Vice President and General Director, Whirlpool Mexico; Corporationrationrationrate Vice President, Global Procurement Operations; President/Managing Director, Whirlpool Greater China; Vice President, Manufacturing Technology, Whirlpool Asia ; and Vice President, Manufacturing & Technology, Refrigeration Products, Whirlpool Europe .

Manitowoc Management Efficiency

The company has Return on Asset of 0.023 % which means that on every $100 spent on assets, it made $0.023 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of (0.0149) %, meaning that it generated no profit with money invested by stockholders. Manitowoc's management efficiency ratios could be used to measure how well Manitowoc manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Manitowoc's Return On Tangible Assets are fairly stable compared to the past year. Return On Capital Employed is likely to climb to 0.12 in 2024, whereas Return On Assets are likely to drop 0.02 in 2024. At this time, Manitowoc's Total Assets are fairly stable compared to the past year. Non Current Assets Total is likely to climb to about 1.1 B in 2024, whereas Intangible Assets are likely to drop slightly above 119.3 M in 2024.
Manitowoc has 419.3 M in debt with debt to equity (D/E) ratio of 0.64, which is OK given its current industry classification. Manitowoc has a current ratio of 1.71, which is typical for the industry and considered as normal. Note however, debt could still be an excellent tool for Manitowoc to invest in growth at high rates of return.

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The Manitowoc Company, Inc. provides engineered lifting solutions in the Americas, Europe, Africa, the Middle East, and the Asia Pacific. The Manitowoc Company, Inc. was founded in 1902 and is headquartered in Milwaukee, Wisconsin. Manitowoc operates under Farm Heavy Construction Machinery classification in the United States and is traded on New York Stock Exchange. It employs 4600 people. Manitowoc (MTW) is traded on New York Stock Exchange in USA. It is located in One Park Plaza, Milwaukee, WI, United States, 53224 and employs 4,800 people. Manitowoc is listed under Construction Machinery & Heavy Transportation Equipment category by Fama And French industry classification.

Management Performance

Manitowoc Leadership Team

Elected by the shareholders, the Manitowoc's board of directors comprises two types of representatives: Manitowoc inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Manitowoc. The board's role is to monitor Manitowoc's management team and ensure that shareholders' interests are well served. Manitowoc's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Manitowoc's outside directors are responsible for providing unbiased perspectives on the board's policies.
Roy Armes, Presiding Independent Director
John Pfeifer, Independent Director
Ion Warner, Vice Relations
Thomas Doerr, Executive Vice President, General Counsel, Secretary
Donald Condon, Independent Director
Jennifer Peterson, General VP
Kenneth Krueger, Non-Executive Independent Chairman of the Board
Amy Davis, Independent Director
Robert Bohn, Independent Director
Aaron Ravenscroft, President, Chief Executive Officer, Executive Director
Brian Regan, Vice President Corporate Controller and Principal Accounting Officer
C Myers, Independent Director
Robert Malone, Independent Director
Ryan Palmer, Corporate VP
Anne Cooney, Independent Director
Barry Pennypacker, President, Chief Executive Officer, Director
Terrance Collins, Senior Vice President of Human Resources and Administration
James Cook, Executive Resources
Anne Belec, Independent Director
Peter Ruck, Senior Vice President - Business Development
David Antoniuk, Chief Financial Officer, Executive Vice President
Leslie Middleton, Executive Vice President, Americas and EU

Manitowoc Stock Performance Indicators

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