Terex Corporation, which manufactures a fat bunch of equipment for construction, infrastructure, quarrying etc., recently announced several leadership changes.
Kevin Bradley, President, Terex Cranes, will transition to the role of Senior Vice President and Chief Financial Officer effective immediately after the filing of the company’s annual report on Form 10-K for 2012. Mr Bradley was named President, Terex Cranes in January 2011. Prior to this appointment, Mr. Bradley had served as President, Terex Financial Services since joining Terex in 2005. Prior to joining Terex, Mr. Bradley had financial roles of increasing responsibility at GE Capital and AT&T Capital. Terex previously announced that Phil Widman would be retiring as Senior Vice President and Chief Financial Officer effective March 31st.
Tim Ford, President, Terex Aerial Work Platforms (AWP), will become President of Terex Cranes effective immediately. The Terex utilities business and the recently established Terex Services North America business will continue to be the responsibility of Mr Ford, who will also have direct responsibility for the company’s Latin American operations as well as corporate strategic accounts and government programs. Mr Ford joined Terex in 2006 following executive assignments at Toro, Honeywell and General Electric.
Steve Filipov, President, Developing Markets and Strategic Accounts, will become President, Terex Material Handling and Port Solutions, effective immediately. Mr Filipov will also assume the position of Chief Operating Officer of Demag Cranes AG. Mr Filipov will retain overall Terex responsibility for the Russian market as well as corporate marketing. He joined Terex in 1995 and has held positions of increasing responsibility, including President of Terex Cranes from 2004-2008.George Ellis, President, Terex Construction, will continue in this role and also assume responsibility for the company’s operations in India. Mr Ellis joined Terex through the Genie acquisition in 2002 and has held several senior management positions at various Terex operations. Previously he held leadership positions at General Electric, Pratt & Whitney and PPG Industries.
Matt Fearon, Vice President and General Manager of AWP Americas, will become President, Terex AWP effective immediately. Prior to this, Mr Fearon had been Managing Director of AWP Europe.
Aloysius Rauen will continue in his current role as CEO of Demag Cranes AG and has announced his intention to resign during the course of 2013 once the integration of the Demag Cranes business into the Terex group is further along. Upon Mr Rauen’s resignation, Mr Filipov will assume the role of CEO of Demag Cranes AG.