Dean Nolden has been elected treasurer of Manitowoc by the company's board of directors. He will also continue as Manitowoc's vice president of finance.

Nolden joined Manitowoc's corporate staff in 1998 as corporate controller and served in that capacity until his promotion to vice president of finance and controller in May 2004, followed by a promotion to vice president of finance and assistant treasurer in May 2006.

As treasurer, Nolden will be responsible for global cash management, development and implementation of foreign currency and interest rate hedging strategies, and management of bank and debt-market relationships. He will also participate in corporate strategic planning, merger, and acquisition activities, as well as retirement fund management.