Terex has realigned some of its operations. The Mobile Crushing and Screening Group, consisting of Powerscreen, Terex Finlay and Terex Pegson and formerly part of the Terex Construction segment, will be consolidated within the Terex Materials Processing and Mining segment. The European telehandler business of TerexLift, formerly part of the Terex Construction segment, will become part of Terex Aerial Work Platforms.
“The purpose of these changes is to strengthen Terex’s ability to service our customers in these product categories, and to ultimately provide a better return to our shareholders,” said Ronald Defeo, chairman and chief executive of Terex. “The new organizational structure not only aligns us more closely with how our customers buy equipment, but also puts manufacturing and sales for each product group under focused leadership.”
As part of the reorganization, Kieran Hegarty, formerly vice president of the Terex Construction Crushing and Screening division, has been named vice president of Terex Materials Processing and will head Terex’s consolidated materials processing group. Following Colin Robertson’s move from president of Terex Construction to executive vice president of operations for Terex, Fergus Baillie has been appointed interim head of the Terex Construction segment.