Terex Corporation has announced that Steve Filipov will assume the role of President of Terex Cranes effective immediately.
Mr. Filipov will also continue with his responsibilities as President of the Terex Material Handling and Port Solutions segment until completion of the announced sale of that segment to Konecranes Plc. Ken Lousberg, currently President, Terex Cranes, will be leaving the Company to pursue other opportunities.
John L. Garrison, Jr., President and Chief Executive Officer of Terex said: “We thank Ken for his dedicated service and leadership over many years within the AWP segment, Terex China and his current position with Terex Cranes, and wish him the best in his future endeavours.
“Steve is the right person to lead the turnaround efforts to improve our global cranes business. Steve started his career at Terex in the Company’s crane business and served as President of Terex Cranes from 2004 to 2008.
“Steve’s intimate knowledge of the Terex Cranes business, its products and, most importantly, its customers will put him in an excellent position to start immediately with the work of improving and growing our Cranes business.
“Steve has demonstrated strong leadership skills during his tenure with Terex and I am confident that in his new responsibility as President of Terex Cranes he will serve us and our customers well.”
Fact File: 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 three business segments: Aerial Work Platforms, Cranes 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.
In September, 2016 PTI reported that Terex Port Solutions had been awarded two contracts for its ‘Model 8’ mobile harbour cranes by Terminal Puerto Arica S.A (TPA) in the north of Chile, and Compania Portuaria Mejillones S.A., 500 kilometres further south.