Management Changes At Terex
Terex Corp. announced several senior executive appointments in support of its strategy to increase its market presence in high growth markets around the globe. The appointments are effective Jan. 16.
Steve Filipov, who has been president, Terex Cranes, has been named to the new position of president, Developing Markets and Strategic Accounts, reporting to Terex President and Chief Operating Officer Tom Riordan. Filipov has led the Terex Cranes, which has seen significant growth the last three years, much of it coming from developing markets, Terex said.
Rick Nichols has been named president, Terex Cranes, succeeding Filipov. He had served as president, Terex Materials Processing & Mining (MP&M). He also reports to Riordan. Harry Bussman has been promoted to run the global Terex Mining business. He had been general manager of the Terex O&K large hydraulic mining shovel business. He will report to Nichols on an interim basis while a search is conducted for a president of the overall Materials Processing & Mining segment. George Ellis has been appointed vice president, Manufacturing Services, also reporting to Riordan. Ellis currently leads the Terex Utilities business and will continue to do so until a replacement is named.