TEREX Cranes Inc has been officially reconstituted as one of four divisions of a reorganised Terex Corporation. And there appears to be no place in the senior management team for anyone from Demag, with Steve Filipov being put in charge of Demag once the acquisition is completed.

President and CEO of the division, as previously announced, is Fil Filipov (Steve’s father) who used to head Terex Lifting (which included the access platform businesses) until the last Terex reorganisation in April 2001. At that time Terex decided to structure its business on geographical lines, believing that there was insufficient connection between its North American and European crane businesses to justify having a specific crane company. European crane operations were bundled with European excavator operations; and the same in North America. With the impending acquisition of Demag Mobile Cranes doubling the size of its crane business, Terex now sees the merits of having its crane interests established as a separate operating division. Fil Filipov said that he expected the Demag deal to complete this month.

Reporting directly to Fil Filipov in the Terex Cranes management team are:

• Ferruccio Moritsch, group president tower cranes worldwide, responsible for the Comedil and Ferro facilities in Italy, as well as the Peiner facility in Germany.

• Steve Filipov, group president Europe and International, responsible for Demag operations in Germany and Hungary, PPM in France, Bendini in Italy and Franna in Australia.

• Leon Deutsch, group president North America, responsible for Terex manufacturing operations in Waverly, Iowa; Olathe, Kansas; Wilmington, North Carolina; and the Demag facility in Charleston, South Carolina.

• Craig Lichty; group senior vice president marketing and services, in charge of marketing, product support, parts support, and statistical reporting.

• Dani Goldsmith, group CFO.

• Dave Stevenson, group VP human resources.

Atlas Cranes will not be part of the Terex Cranes division because, said Fil Filipov, it has a different customer base and competitors from the construction crane businesses of mobiles, crawlers and towers. However, included in Terex Cranes are the boom truck business in the USA (deemed to have the same customers as the crane business) and PPM’s reachstackers (too difficult to split out).

Atlas Cranes will instead be part of the new division Terex Construction, headed by Colin Robertson, who was previously president of Terex Europe.

Day to day control of Atlas Cranes is in the hands of joint managing directors Juergen Proch, formerly the human resources director, and Fergus Bailly (finance).

Ernie Verebelyi, formerly president of Terex Americas, will retire in October.