The Manitowoc Co. last week announced that Dean Nolden has been elected treasurer by the company's board of directors. Nolden, who will also continue as Manitowoc’s vice president of finance, assumes his additional responsibilities immediately.

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, which was followed by a promotion to vice president of finance and assistant treasurer in May 2006. Nolden also served a short-term assignment in 2001 in Ecully, France, as the integration manager following Manitowoc’s acquisition of Potain.

As treasurer of The Manitowoc Company, 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.

Prior to joining Manitowoc, Nolden spent eight years in public accounting in the audit practice of PricewaterhouseCoopers LLP. He left that firm in 1998 as an audit manager.

The Manitowoc Company, Manitowoc, Wis., is a multi-industry, capital goods manufacturer with more than 100 manufacturing and service facilities in 27 countries. It manufactures lifting equipment for the global construction industry, including lattice-boom cranes, tower cranes, mobile telescopic cranes and boom trucks.