Terex’s Thomas takes on top job in Latin America9 June 2011
Terex Corporation has appointed its former senior vice president for product development and marketing, Jacob Thomas, as the new president for Terex Latin America.
Previously based in Westport, Connecticut, Thomas will move to Sao Paulo, Brazil, and take over from his predecessor Andre Freire, who left Terex to join the board of directors at Brazilian construction equipment rental firm ESTAF Equipamentos.
Reporting to Terex president for developing markets and strategic accounts Steve Filipov, Thomas will split his time between Sao Paulo and Terex’s manufacturing facility in Guaiba, Brazil, which is still under construction.
Terex Latin America will be looking to capitalize on increasing demand in the region for off-highway trucks and cranes by focusing on support and infrastructure services, with a target of over $1bn in sales by 2015.
After joining Terex in 2007 as vice president for product development and technology, Thomas quickly moved into the senior vice president’s role within two years.
Prior to 2007, Thomas held a number of engineering leadership and marketing positions at construction and farm equipment manufacturer Case New Holland, before progressing to senior roles within truck and engine manufacturer Navistar, where he served as managing director before becoming a vice president at the company.