Doosan Infracore Co., part of Korea’s U.S. $18.2 billion Doosan Group, announced last week that Anthony Helsham has joined Doosan Infracore as CEO of Doosan Infracore Construction Equipment, a global alliance of the CE businesses of Doosan Infracore Co. Ltd. and its affiliates, including Doosan Infracore International. This alliance of businesses generates U.S. $3.3 billion in annual revenues through the manufacture and sales of compact and heavy construction equipment.
Helsham arrives from a 30-year career at Volvo including serving as CEO of Volvo Construction Equipment from 2000 to 2008, and head of its Korean operations from 1998 to 2000. In his role as CEO of VCE, he grew sales from U.S. $2.0 billion in 2001 to U.S. $7.7 billion in 2007, building the company into the No. 3 position worldwide. He most recently led Volvo’s Soft Products business from its headquarters in Sweden.
“We are delighted to welcome Tony to Doosan,” said Yongmaan Park, chairman of Doosan Corporation, Doosan Group’s holding company. “We have always had big ambitions and bold plans in the construction equipment space. Despite the worldwide recession, we have not deviated from our plans and successfully set the foundation for growth. Our company is now poised, with Tony’s leadership, to accelerate our drive toward a top three position in our industry.”
Over the years, Helsham has watched Doosan’s rapid rise to leadership in the infrastructure support business. “I am pleased to be joining this highly driven and successful team,” Helsham said. “Doosan’s commitment to being a truly global business, and to attracting and developing international leadership talent, makes this a particularly exciting time to be joining Doosan.”
Doosan Group is a U.S. $18.2 billion conglomerate established in South Korea in 1896. Doosan’s principal business is in infrastructure support, which encompasses power plants, desalination, construction equipment and related services, and marine diesel engines.