08.01.2014

New CEO for Manitou

Manitou has appointed Michel Denis as chief executive, replacing Dominique Bamas who originally took on the role on an interim basis.
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Michel Denis

Bamas resigns from the post as Denis takes over on Monday, as per the agreement when he stepped into the role, following the sudden departure of Jean-Christophe Giroux in March 2013 - see: All Change at Manitou.
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Dominique Bamas

Denis, 48, has been appointed for an initial four year term, he was previously chief executive of commercial and industrial vehicle rental and leasing company Fraikin, departing last summer after 10 years with the business.

Prior to that he managed the French operations of MC International which later became Johnson Controls and started his career with Dalkia the energy services group.

Manitou chairman Marcel Braud said: "First of all, I would like to express my gratitude to Mr Bamas for the work accomplished in nearly a year. After having assisted the Board for several years as a director, he made himself available at a pivotal moment in our history that required a realignment between profitability and development. During this period he stabilised financing for the next five years, reduced the debt and initiated a combination of optimisation programs and developments from which the group should benefit in the upcoming years."

"It is our pleasure to welcome Mr Denis whose appointment marks a new chapter in the history of Manitou. I'm confident that his experience will permit him to continue the operating reforms already launched and accelerate the Group's adaption to the markets evolution. As the leader in Rough Terrain Handling since decades, our mission is to continue to serve our customers to the best of their needs. Based on the strength and leadership of the group, our goal is to remain faithful to our historic motto: safe international development based on innovation, performance, quality and customer satisfaction."