Terex Corporation announced that Steve Filipov will assume the role of President of Terex Cranes effective immediately. 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. ?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 endeavors,? remarked John L. Garrison, Jr., President and Chief Executive Officer.

Garrison also informed that Kevin O?Reilly, currently Vice President, Operational Finance, will assume the position of Group Vice President, Finance for the Cranes Segment assisting Steve with the cranes turnaround.