29.10.2012

Terex CFO to retire

Terex has announced that its chief financial officer Phil Widman will retire during the first half of next year.

He will continue in his post until the 2012 year end accounting and audit process has been completed and in order to ensure an orderly transition. The Company has already launched the search for a replacement.
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Phil Widman

Chief executive Ron Defeo said: “During his 10 years as chief financial officer of Terex, Phil has been a key contributor to the company’s growth and success. His personal commitment to the highest standards of financial integrity has helped define Terex’s finance organisation and our company as a whole. We thank Phil for his many contributions to Terex over the past 10 years, and look forward to Phil’s ongoing efforts throughout this transition and wish him the best of luck in his retirement.”

Widman added: “I’ve had a rewarding 10 years at Terex and it wouldn’t have been so without the support and talent of all of the people with whom I have worked. I look forward to an active retirement and continuing to stay involved in the business community as an external director at other companies.”