The Manitowoc Company, Inc., a global manufacturer of cranes and lifting solutions, announced that David J. Antoniuk will step down as Chief Financial Officer effective May 2, and will be succeeded by Brian P. Regan. Antoniuk will transition into an advisory role to the CEO until Jan. 2, 2023, at which time he will retire from the company.

 "On behalf of the Manitowoc team and our Board of Directors, I want to extend our deepest thanks to Dave," said Aaron H. Ravenscroft, President & Chief Executive Officer. "Over his six years of service, Dave has made many contributions to the success of Manitowoc. These efforts included the successful transition of the Company to a profitable stand-alone crane company in 2016; the refinancing of our debt in 2019; and most recently the closing of two acquisitions, which was the first major step in transforming the Company’s strategy. It has been a pleasure to work hand-in-hand with Dave over the years, and he will be greatly missed by the Manitowoc family. We wish him and his family the very best in his retirement."

As part of the company’s succession planning process, Regan, who currently serves as Vice President, Corporate Controller and Principal Accounting Officer, will be promoted to Executive Vice President & Chief Financial Officer, effective May 2. "I'm excited to announce that Brian Regan will succeed Dave as the Company’s CFO. Since joining the company in 2018, Brian has taken on growing responsibilities and played an integral role in our acquisitions. Brian is the ideal candidate, and it’s a testament to our succession planning process,” said Ravenscroft.

Regan has served as Vice President, Corporate Controller and Principal Accounting Officer since November 2018 and has also been responsible for Treasury over the last 12 months. Prior to Manitowoc, Regan served in positions of increasing responsibility at SPX Corporation from 2006 to 2018 where he most recently served as Vice President Finance, Chief Financial Officer of SPX Transformer Solutions. Prior to SPX Corporation, Regan served in positions of increasing responsibility at Ernst & Young LLP and Ogilvy & Mather. Regan holds a Bachelor of Arts in Economics and Accounting from the College of the Holy Cross and earned his Certified Public Accountant license in New York.