Terex Announces New Crane Segment Management Team

Terex Corp. announced that Steve Filipov has been named president of Terex Cranes effective January 1, 2004. Filipov has served most recently as Group president of Terex Cranes International. "This is a natural transition, as Steve has worked in the crane business for over 8 years and has strong customer and industry expertise," stated Ronald DeFeo, Terex's chairman and CEO. In his new position, Filipov will oversee the worldwide operations of the Terex Cranes business.

In a related move, Dani Goldsmith has been appointed president of North American Crane Operations for Terex Cranes; and Alexander Knecht has been appointed president of Terex Cranes International. Goldsmith has been serving as CFO for the Crane Group worldwide and Knecht has been serving as managing director of Demag.

Terex is involved in a broad range of construction, infrastructure, recycling and mining-related capital equipment under the brand names of Advance, American, American Truck, Amida, Atlas, Bartell, Bendini, Benford, Bid-Well, B.L. Pegson, Canica, Cedarapids, Cifali, CMI, Coleman Engineering, Comedil, CPV, Demag, Fermec, Finlay, Franna, Fuchs, Genie, Grayhound, Hi-Ranger, Italmacchine, Jaques, Johnson-Ross, Koehring, Load King, Lorain, Marklift, Matbro, Morrison, Muller, O&K, Peiner, Powerscreen, PPM, Re-Tech, RO, Royer, Schaeff, Simplicity, Square Shooter, Tatra, Telelect, and Terex.