Leadership Changes at Terex Corp.

 

August 20, 2015 - Terex Corp. today announced Tim Ford, president, Terex Cranes, is leaving the company to pursue other opportunities. Ken Lousberg, president of Terex china, will take the crane division president’s role, and will also be responsible for Latin America. Lousberg will retain responsibility for China. A country leader for Terex’s Chinese business will be named to report to him.

 

 

George Ellis will take on a new role as senior vice president, Operations Planning and president, Terex Construction. In addition to retaining his current responsibilities for Terex Construction, Government Programs and India, Ellis will assume global responsibility for the Terex Business System, sourcing, transportation, logistics, and manufacturing footprint. 

 

 

Scott Hensel, now vice president, Terex Services North America, has been named to the newly created position of vice president and managing director, Terex Utilities and Services, reporting to Lousberg. In this new role, Hensel will also have management responsibility for the Terex Utilities business.

Kieran Hegarty, president, Terex Materials Processing, will assume management responsibility for the Terex Fuchs business, which will become part of the Terex Materials Processing segment.

 

“While we expect to achieve substantial synergies with the announced merger with Konecranes, as we think ahead and help position the company for the merger we must continue to organize the company and operate Terex in a way that is best for the business,” said Ron De Feo, Terex chairman and CEO.