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Terex Corp. announces leadership changes, merger

By |  August 21, 2015

Terex Corp. has announced a number of senior executive changes:

  • George Ellis will take on a new role as senior vice president, operations planning and president, Terex Construction.
  • 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.
  • 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.
  • Ken Lousberg, currently president of Terex China, will take on the role of president of Terex Cranes, as well as the responsibility for Latin America.
  • Tim Ford, currently president, Terex Cranes, is leaving the company to pursue other opportunities.

Terex recently announced a merger with Konecranes in which Terex shareholders will own approximately 60 percent of the combined company and Konecranes shareholders will own approximately 40 percent. The new company will be named Konecranes Terex and will be incorporated in Finland, while maintaining headquarters in Westport, Conn., and Hyvinkää, Finland.

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About the Author:

Darren Constantino is an editor of Pit & Quarry magazine. He can be reached at dconstantino@northcoastmedia.net.

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