Terex Corp. announced that Phil Widman will retire as senior vice president and chief financial officer. Widman will continue as CFO of the company into the first half of 2013 to oversee the year-end accounting close and annual audit process, the filing of the company’s annual report on Form 10-K for the year ended Dec. 31, and to facilitate an orderly transition of his responsibilities. The company has initiated a search to identify a CFO and expects to conclude the search process expeditiously.
"During his 10 years as chief financial officer of Terex, Phil has been a key contributor to the company’s growth and success,” said Ron DeFeo, Terex chairman and CEO. “Phil’s personal commitment to the highest standards of financial integrity has helped define Terex’s finance organization and our company as a whole. We thank Phil for his many contributions to Terex over the past 10 years, look forward to Phil’s ongoing efforts throughout this transition and wish him the best of luck in his retirement.”
Terex Corp. is a diversified global manufacturer reporting in five business segments: Aerial Work Platforms, Construction, Cranes, Material Handling & Port Solutions and Materials Processing.