Filipov takes on new position

Steve Filipov, president of Terex Cranes, will take on a new position as president, developing markets and strategic accounts for Terex. He will continue to report to Tom Riordan, Terex president and chief operating officer.

The move is one of several senior executive appointments made by Terex “in support of its strategy to increase its market presence in high growth markets around the globe.”

Rick Nichols replaces Filipov as the new Terex Cranes president. Nichols moves from the job of president, Terex Materials Processing & Mining.

“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,” said Riordan. “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.”