Filipov Out At Terex

By Mike Brezonick02 August 2019

Terex Corp. announced that following the completion of the sale of Demag Mobile Cranes to Tadano Ltd., Steve Filipov, president of Terex Cranes, is leaving the company effective Aug. 1.

“We are grateful to Steve for leading this transition,” said John L. Garrison, Jr., chairman, president and CEO of Terex Corp.  “Steve kept the business on course through the transfer and helped ensure that virtually all of the affected team members had the opportunity to stay with the Demag Mobile Cranes business after the transaction.”

The rest of the businesses within the Terex Cranes segment have successfully transitioned within the company — Terex Utilities is now part of the Aerial Work Platforms segment; Franna Pick-and-Carry cranes in Australia are part of the Materials Processing segment; and the Tower and Rough Terrain cranes businesses in Italy are part of corporate structure.

Filipov worked for Terex for nearly 25 years. He started with PPM Cranes in France, served as president of Terex Cranes twice, led Developing Markets and Strategic Accounts, and was president of Material Handling and Port Solutions (MHPS).

“I am grateful to Terex for giving me the opportunity to continually do new and exciting things,”

Filipov said.  “I am looking forward to the road ahead – for myself, for my colleagues who will become part of the Tadano organization, and for everyone at Terex.  I believe Terex is well positioned for a bright future.”

MAGAZINES
Latest News
Cummins’ Darlington, UK factory reaches production milestone
The plant has manufactured its 1.5 millionth Mid-Range engine
Cummins names Wiltrout VP of Corporate Strategy
Has served in a variety of roles in 12 years at the company
Rolls-Royce and Claas extend engine supply contract
The mtu engines will be used across a range of large agricultural machinery