Terex previously announced that Phil Widman would be retiring as senior vice-president and CFO in March this year. Prior to his current appointment, Bradley had served as President, Terex Financial Services since joining the company in 2005; previously he had worked at GE Capital and AT&T Capital.
Responsibility for Terex Utilities and the recently established Terex Services North America business will continue with Ford, who will also have direct responsibility for the Latin American operations, as well as Corporate Strategic Accounts and Government Programs. He joined Terex in 2006 following executive assignments at Toro, Honeywell and General Electric.
In other changes, Steve Filipov, currently President Developing Markets and Strategic Accounts, will become President, Terex Material Handling & Port Solutions. He will also assume the position of Chief Operating Officer of Demag Cranes AG during its transition into the Terex business. He also retains overall Terex responsibility for the Russian market as well as corporate marketing.
Aloysius Rauen will continue in his current role as CEO of Demag Cranes AG but has announced his intention to resign during the course of 2013, at which time Filipov will assume the role of CEO.
\”These changes are intended to strengthen the leadership team and provide our executives with new learning and growth opportunities. They reflect both a maturing and broadening of scope for the Terex leadership team,\” commented Ron DeFeo, Terex Chairman and Chief Executive Officer.