One week after announcing Terex’s merger with Konecranes, Terex chairman and CEO Ron DeFeo announced that Tim Ford, currently president of Terex Cranes, is leaving the company to pursue other opportunities. Ken Lousberg, currently president of Terex China, will take on the role of president of Terex Cranes as well as the responsibility for Latin America, previously run by Ford.
Terex said it will soon name a country leader with responsibility for China.
Lousberg joined Terex through the Genie acquisition in 2002 and has held several senior management positions at various Terex operations.
In another change, George Ellis will take on a new role as senior vice president, operations planning and president, Terex Construction. In addition to retaining his current responsibilities for Terex Construction, Government Programs and India, Ellis will assume global responsibility for the Terex Business System, sourcing, transportation, logistics and manufacturing footprint.
Ellis also joined Terex through the Genie acquisition and has held several senior management positions.
Scott Hensel, now vice president, Terex Services North America, has been named to the newly created position of vice president and managing director, Terex Utilities and Services. Hensel will report to Lousberg. In addition to his current responsibility for managing and growing the North American services business, Hensel will have management responsibility for the Terex Utilities business.
Hensel was previously a partner at McKinsey & Co. and joined Terex in 2014 to improve and grow the Terex Services North America business.
Kieran Hegarty, president, Terex Materials Processing, will assume management responsibility for the Terex Fuchs business, which will become part of the Terex Materials Processing Segment.
“While we expect to achieve substantial synergies with the announced merger with Konecranes, as we think ahead and help position the company for the merger we must continue to organize the company and operate Terex in a way that is best for the business.
“We thank Tim Ford for his dedicated service and leadership within both the AWP segment and his current position with Terex Cranes, and wish him the best in his future endeavors. Ken Lousberg is the right person to lead our efforts to continue to improve our global cranes business. Ken has previously served in multiple leadership roles within our Cranes business and will be in an excellent position to start immediately with the important work of growing our Cranes business. Ken has demonstrated strong leadership skills during his tenure with Terex and I believe his increasing responsibilities will serve us and our customers well.”