With Filipov moving to a new role, his position as president of the cranes division will be taken by Rick Nichols, who moves across from his former job as president, Terex materials processing and mining. In a release, the company notes that Nichols has played a key role in developing the firm’s lean manufacturing principles. This process is a key element of the company’s production strategy, highlighted by Filipov at the opening of their upgraded Waverly site earlier this year (Cranes Today October 2007 p17)
“Steve Filipov is the right person to lead efforts to improve Terex relationships with our large global customer strategic accounts and to oversee a more aggressive approach to increasing our presence in developing markets,” Riordan said. “Rick Nichols will lead capacity improvement efforts in our crane facilities while continuing the globalization of our business, and we are excited about future prospects for this rapidly expanding segment.”
Mr. Riordan continued, “With these appointments, we are putting in place the leadership we need to meet the challenging objectives we have set for Terex, including our ambitious 12 x 12 in ’10 goal. We are clearly aiming to grow Terex to have $12 billion of net sales with a 12 percent operating margin in 2010.”
