16.07.2002

Terex Cranes re-organised

Terex Cranes will effectively have three crane divisions under a new organisational structure announced by Fil Filipov, president of Terex Cranes Inc.

Tower crane activities worldwide will be headed by Ferruccio Moritsch of Comedil who becomes group president responsible for tower cranes. His responsibilities include Terex's three tower crane factories, Comedil and Ferro in Italy and Peiner in Germany, and marketing activities worldwide.

Mobile crane activities have been split between Europe and North America and Leon Deutsch has been appointed group president, North America. His responsibilities include the former Koehring/Lorain factory in Waverly, Iowa, the former American Cranes factory in Wilmington North Carolina, the former Simon-RO factory in Olathe, Kansas and the Demag service facility at Charlston in South Carolina.

In Europe Steve Filipov becomes group president with responsibility for Demag operations in Germany (and its PECS factory in Hungary), PPM in France, Bendini in Italy and Franna in Australia. Sales subsidiaries worldwide are also his responsibility.

Other appointments see Craig Lichty appointed marketing & services group senior VP whild Dani Goldsmith becomes Group CFO and Dave Stevenson becomes human resources group VP.

The purchase of Demag is still subject to regulatory approval but is expected to be completed later this month at which time further announcements are expected to rationalise the Demag and Terex structure.