Terex Corp., Westport, Conn., restructured its leadership in January with the following changes:
Kevin Bradley, currently president, Terex Cranes, has transitioned to the role of senior vice president and chief financial officer. Bradley was named president, Terex Cranes in January 2011. Prior to this appointment, Bradley had served as president, Terex Financial Services, since joining Terex in 2005. Terex previously announced that Phil Widman would be retiring as senior vice president and chief financial officer effective March 31, 2013.
Tim Ford, formerly president, Terex Aerial Work Platforms (AWP), is now president of Terex Cranes. The Terex Utilities business and the recently established Terex Services North America business will continue to be the responsibility of Ford, who also will have
direct responsibility for the company’s Latin American operations as well as corporate strategic accounts and government programs.
Matt Fearon, vice president and general manager of AWP Americas, has become president, Terex AWP. Fearon also had been managing director of AWP Europe. He has 25 years of industry experience and has worked within the Terex/Genie operations for 18 years.
George Ellis, currently president, Terex Construction, will continue in this role and also assume responsibility for the company’s operations in India. Ellis joined Terex through the Genie acquisition in 2002 and has held several senior management positions at various Terex operations.
Steve Filipov, currently president, developing markets and strategic accounts, is now president, Terex Material Handling & Port Solutions and has assumed the position of chief operating officer of Demag Cranes AG as the company continues to transition that business into the company.
Aloysius Rauen will continue in his current role as CEO of Demag Cranes AG and has announced his intention to leave in 2013 once the integration of the Demag Cranes business into the Terex group is further along. Upon Rauen’s resignation, Filipov will assume the role of CEO of Demag Cranes AG.
“These changes are intended to strengthen the company’s leadership team and provide our executives with new learning and growth opportunities. They reflect both a maturing and broadening of scope for the Terex leadership team,” said Ron DeFeo, Terex chairman and CEO.
“I am confident that under Kevin’s leadership, Terex will continue to maintain the highest standards of financial integrity that has helped define Terex’s finance organization and our company as a whole. Tim, Steve, George and Matt have demonstrated strong leadership skills during their tenures with Terex and I believe their increasing responsibilities will serve us and our customers well. I thank Ays for his dedication to Demag Cranes and its employees and his efforts in integrating Demag Cranes into the Terex group.”