Changes in Manitou Group governance

Appointment of Mr. Marcel-Claude Braud as Chairman of the Board of Directors

Mr. Marcel-Claude Braud has been appointed Chairman of the Board of Directors. He will serve in this capacity for the remainder of his current term as director, which concludes at the 2027 Annual General Meeting convened to approve the financial statements for the fiscal year ending 2026.

I would like to thank the Board for the confidence they have placed in me. It is with a profound sense of duty that I will dedicate myself to fostering the group’s growth through the execution of our LIFT 2030 strategic plan. The group's entrepreneurial spirit, capacity for innovation, and the dedication of our teams, combined with the strength of our dealer network, represent formidable assets to sustain our development within an uncertain global landscape.

Marcel-Claude Braud, Chairman of the Board of Directors

Resignation of Pierre-Henri Ricaud, independent director

During this Board meeting, the resignation of Mr. Pierre-Henri Ricaud from his position as an independent director was formally acknowledged.

Hervé Rochet appointed interim Chief Executive Officer

The Board of Directors has mandated Mr. Hervé Rochet, Chief Transformation & Governance Officer, to serve as interim President & CEO from June 25, following the Annual General Meeting, until June 30, when Sylvain Blaise will officially assume his duties as the group’s new President & CEO.