Structure and Management Changes For Terex

Posted on January 10, 2006

The first of the year has brought a raft of management changes throughout the engine-powered equipment markets. The latest announcement is a series of structural and personnel changes at Terex Corp. Effective at the start of the first quarter of 2006, Terex said it has realigned certain of its operations in what is says is “an effort to strengthen its ability to service customers and to recognize certain organizational efficiencies.”

Specifically, the Mobile Crushing and Screening Group, consisting of Powerscreen, Terex Finlay and Terex Pegson, formerly part of the Terex Construction Segment, will now be consolidated within the Terex Materials Processing & Mining Segment. Additionally, the European telehandlers business of TerexLift, also formerly part of the Terex Construction Segment, will now become part of the Terex Aerial Work Platforms Segment.

"The new organizational structure puts manufacturing and sales for each product group under focused leadership,” said Ronald M. DeFeo, chairman and chief executive officer. “Genie already manages the North American telehandlers product, which has done quite well under their oversight. As for the crushing and screening businesses, not only will we gain consolidated exposure to all customers, but we expect to better coordinate supply and design issues across products that share many of the same attributes.”

As part of the reorganization, Kieran Hegarty, formerly vice president - Terex Construction Crushing and Screening Division, has been named vice president - Terex Materials Processing, and will head Terex's consolidated materials processing group. Hegarty will continue to be based in Dungannon, Northern Ireland, and will report to Rick Nichols, president - Terex Materials Processing & Mining. Hegarty will assume the responsibility for Terex Cedarapids, Terex Simplicity, Terex Jacques and Terex Canica, along with his existing role in the leadership of the Terex Finlay, Terex Pegson, and Powerscreen businesses.

As for Terex Construction, following the move by Colin Robertson, formerly president - Terex Construction, to his new position of executive vice president - operations for Terex, Fergus Baillie, president -- Terex Heavy Equipment group, has been appointed interim leader of the Terex Construction segment while a search for a full time replacement is conducted.

Additionally, Roger Brown, currently vice president - North American sales for the Terex Aerial Work Platforms Segment, has been assigned the additional responsibility of overseeing the Strategic Accounts Group for Terex. This group is charged with managing activities with large international accounts, and coordinating activities for sales, production, aftermarket support and billing. Brown will continue to have reporting responsibility for North American sales of both the Genie and the Terex Construction product lines, although day-to-day responsibilities will be managed by a team under his direction.

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