The board of directors of Manitou BF met June 22, 2026, to determine the group's corporate governance.

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.

Braud has served as a director and a member of various board committees since 2013. He began his career at International Harvester. He subsequently joined Manitou Group, holding numerous executive positions in both France and the United States, before serving as chairman of the management board of the group from 1998 to 2009.

In this role, Braud will ensure the continuity of the controlling family shareholders' commitment to the group's development. Together with the board, he will support the transition and arrival of the incoming president and CEO, Sylvain Blaise, who will join the group on June 30.

"I would like to thank the board for the confidence they have placed in me," said Braud. "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."

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

The board of directors has mandated Hervé Rochet, chief transformation and governance officer, to serve as interim president and 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 and CEO.