Manitowoc announced that it has begun evaluating internal and external candidates for his replacement.
"Tim's commitment to our strategic priorities has enabled Manitowoc to enhance its global leadership in the foodservice equipment industry," said Terry D. Growcock, chairman and chief executive officer. "Under his guidance, the Foodservice Group expanded its domestic and international footprint and is recognized today as the market leader on the cold side of the foodservice equipment industry."
"I am grateful for the opportunity to have been a part of Manitowoc during its rapid growth over these past 18 years. This was an exciting period in the company's history and a gratifying career experience," Kraus said. "My desire now is to focus on my family and to become more fully engaged in the community."
Kraus, 53, had been senior vice president of Manitowoc since 2004, and president and general manager of Manitowoc's Foodservice Group since 2000. He served as executive vice president and general manager of Manitowoc Ice, Inc., having joined the company as its national sales manager. His retirement from Manitowoc culminates a 32-year career in the foodservice industry.