Terex Corp. last week 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 immediately.
Steve Filipov, who has been president, Terex Cranes, was 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 team that has dramatically increased business and profitability in the past three years. Much of this growth has come from developing markets.
Rick Nichols was named president, Terex Cranes. He has been serving as president, Terex Materials Processing & Mining. Nichols has been successful in leading the advancement of lean manufacturing capabilities to improve margins and capacity, overseeing acquisitions, and changing the business strategy for the Terex mining truck business.
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. The Materials Processing business led by Kieran Hegarty will report to Riordan on an interim basis.
George Ellis has been appointed vice president, manufacturing services, reporting to Riordan. Ellis currently leads the Terex Utilities business and will continue to do so until a replacement is named. Ellis has responsibility for the Terex manufacturing strategic plan and assisting business operations with capital expenditure budgets.
“Steve Filipov is the right person to lead efforts to improve Terex relationships with our large global customer strategic accounts and to oversee a more aggressive approach to increasing our presence in developing markets,” Terex president and chief operating officer Riordan said. “Rick Nichols will lead capacity improvement efforts in our Crane facilities while continuing the globalization of our business, and we are excited about future prospects for this rapidly expanding segment.
“With these appointments, we are putting in place the leadership we need to meet the challenging objectives we have set for Terex, including our ambitious 12 x 12 in ’10 goal. We are clearly aiming to grow Terex to have $12 billion of net sales with a 12 percent operating margin in 2010.”
In other company news, Terex last week announced that Bob Bartley was appointed to the new position of director of field service for the Terex Aerial Work Platforms business. Terex AWP includes Genie Industries, Terex Power Products and Terex Load King. In his new role, Bartley will oversee both field and factory service organizations for Terex AWP.
“Bob’s extensive industry experience, leadership skills and knowledge of our business are valuable assets to provide the best service to our customers,” said Bruce Taber, Sr. director of quality and after market support for Terex AWP. “He already has high respect from within the organization and with our customers so he is a natural fit for this role as we always aim to provide the most customer-focused service available.”
Terex AWP service experts are available 24 hours a day, 365 days a year, with a strong team of field service experts strategically located throughout North America. Bartley’s goal is to carry forth that tradition and to continuously look for improvements in the organization.
Bartley first joined Genie Industries in 2000 as a field service representative and was quickly elevated to the position of the western regional service manager for Terex AWP. Directly prior to joining Terex, Bartley spent 23 years as service manager for Adco Equipment and United Rentals. Adco was the largest independent aerial lift dealer in California until United Rentals purchased it 1998.
Headquartered in Westport, Conn., Terex Corp. is a diversified global manufacturer with 2006 net sales of approximately $7.6 billion.
