2 August 2019 – Following the completion of the sale of Demag cranes to Tadano on 1 August, Steve Filipov, Terex Cranes president, has left the company.

Filipov worked at Terex for nearly 25 years, in that time positively influencing virtually every part of the business, Terex said. He started with PPM Cranes in France, was twice president at Terex Cranes, led developing markets and strategic accounts, and was president at the Material Handling and Port Solutions (MHPS) port cranes segment.

Commenting on his departure Steve Filipov said, “I am grateful to Terex for giving me the opportunity to continually do new and exciting things. I am looking forward to the road ahead – for myself, for my colleagues who will become part of the Tadano organisation, and for everyone at Terex. I believe Terex is well-positioned for a bright future.”

John Garrison, Terex Corporation chairman, president and CEO, said, “We are grateful to Steve for leading this transition. Steve kept the business on course through the transfer and helped ensure that virtually all of the affected team members had the opportunity to stay with the Demag Mobile Cranes business after the transaction.”

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