27.11.2025

Manitou CEO to stand down

Manitou chief executive Michel Denis has informed the company’s board of directors that he will not seek a fourth term when his current contract expires on June 11the next year.

A recruitment process to find a successor has been launched, in the meantime Denis has agreed to not only see out his full third term, but will also help ensure a smooth transition.

Chairman Jacqueline Himsworth said: “I sincerely thank Michel Denis for the immense work accomplished over his three terms. Since 2014, under his leadership, the group has seen its revenue grow significantly from €1.2 billion in 2013 to €2.7 billion in 2024, restored and then improved its financial profitability, accelerated its sustainability initiatives, invested heavily in its production sites, and paid a regular dividend.”

“The group has also successfully navigated crises with resilience while preserving its independence and financial strength, as well as its number one position in the telehandler market. Manitou is now a key player in the world of the handling and aerial work platform sectors.”

"Michel Denis has fulfilled his mission with passion while preserving the group's DNA. Together with the new Executive Committee, he will continue to support the implementation of the new LIFT 2030 organisation until the end of his term, before handing over to the future chief executive."

Michel Denis added: “I warmly thank the group's 6,000 employees whose expertise, commitment, and passion have enabled our development over the past 12 years, as well as the board of directors for its trust and support. I applaud the loyalty and dynamism of our network of 800 dealers worldwide and our key account customers. It is thanks to this collective effort that we have been able to strengthen our leadership. With the foundations laid by the LIFT 2030 strategy, the group is now ready to look forward to a sustainable and profitable future.”