Steve Filipov, President of Terex Cranes, to Leave Terex
August 01 2019 - 03:00PM
(NYSE:TEX) – Terex Corporation today 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 today.
“We are grateful to Steve for leading this
transition,” said John L. Garrison, Jr., Chairman, President and
CEO of Terex Corporation. “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.
Mr. Filipov worked for Terex for nearly 25
years, and in that time he positively influenced virtually every
part of the business. 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,” Mr. 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.”
Contact Information:
Terex CorporationBrian J. Henry, Senior Vice
PresidentBusiness Development & Investor Relations(203)
222-5954brian.henry@terex.comhttps://investors.terex.com
About Terex:
Terex Corporation is a global manufacturer
of lifting and material processing products and services that
deliver lifecycle solutions to maximize customer return on
investment. The Company reports in two business segments:
Aerial Work Platforms and Materials
Processing. Terex delivers lifecycle solutions to a broad
range of industries, including the construction, infrastructure,
manufacturing, shipping, transportation, refining, energy, utility,
quarrying and mining industries. Terex offers financial
products and services to assist in the acquisition of
Terex equipment through Terex Financial
Services. Terex uses its website (www.terex.com) and
its Facebook page (www.facebook.com/TerexCorporation) to
make information available to its investors and the market.
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