Exhibit 99.1
MANITEX INTERNATIONAL ANNOUNCES
NEW BOARD OF DIRECTORS APPOINTMENT
Bridgeview, IL, June 18, 2024 – Manitex International, Inc. (NASDAQ: MNTX) (“Manitex” or the “Company”), a
leading international provider of truck cranes, specialized industrial equipment, and construction equipment rental solutions to infrastructure and construction markets, today announced that, effective June 17, 2024, Shinichi Iimura has
resigned from the Company’s Board of Directors. Mr. Iimura resigned for personal health reasons and not due to any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. The Company
has appointed Takashi Fukui to the Board of Directors to replace Mr. Iimura, effective June 18, 2024.
“On behalf of the Board of
Directors, I would like to express our sincere gratitude to Shinichi for his dedicated service and contribution to Manitex and wish him all the best,” said David Langevin, Executive Chairman. “We are pleased to welcome Takashi to the Board
of Directors, a seasoned industry veteran with over 30 years of experience in the global heavy equipment industry. Takashi brings significant experience in global manufacturing, sales and distribution that will be invaluable as we continue to
successfully execute on our Elevating Excellence transformation strategy.”
Mr. Fukui has meaningful experience in the heavy equipment industry
with specialized expertise in international business, strategy, and manufacturing and distribution. Before joining Tadano in 2021, Mr. Fukui spent 30 years with Marubeni Corporation, mainly with its earth moving equipment business, with over 13
years of overseas assignments for distributor operations in the United Kingdom, Australia and Peru. Mr. Fukui concurrently serves on the Boards of Directors for Tadano’s subsidiaries in America, Australia, Singapore, Thailand and India.
ABOUT MANITEX INTERNATIONAL
Manitex International
is a leading provider of mobile truck cranes, industrial lifting solutions, aerial work platforms, construction equipment and rental solutions that serve general construction, crane companies, and heavy industry. The company engineers and
manufactures its products in North America and Europe, distributing through independent dealers worldwide. Our brands include Manitex, PM, Oil & Steel, Valla, and Rabern Rentals.
FORWARD-LOOKING STATEMENTS
Safe Harbor Statement under
the U.S. Private Securities Litigation Reform Act of 1995: This release contains statements that are forward-looking in nature which express the beliefs and expectations of management including statements regarding the Company’s expected
results of operations or liquidity; statements concerning projections, predictions, expectations, estimates or forecasts as to our business, financial and operational results and future economic performance; and statements of management’s goals
and objectives and other similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by terminology such as “anticipate,” “estimate,” “plan,”
“project,” “continuing,” “ongoing,” “expect,” “we believe,” “we intend,” “may,” “will,” “should,” “could,” and similar expressions. Such