Terex Announces CFO Transition

Terex Corporation (NYSE: TEX) recently announced that Phil Widman will be retiring as Senior Vice President and Chief Financial Officer. Mr. Widman will continue as Chief Financial Officer of the Company into the first half of 2013 to oversee the year-end accounting close and annual audit process, the filing of the Company’s Annual Report on Form 10-K for the year ended December 31, 2012 and to facilitate an orderly transition of his responsibilities. The Company has initiated a search to identify a Chief Financial Officer and expects to conclude the search process expeditiously.

“During his ten years as Chief Financial Officer of Terex, Phil has been a key contributor to the Company’s growth and success,” said Ron DeFeo, Terex Chairman and Chief Executive Officer. “Phil’s personal commitment to the highest standards of financial integrity has helped define Terex’s finance organization and our Company as a whole. We thank Phil for his many contributions to Terex over the past ten years, look forward to Phil’s ongoing efforts throughout this transition and wish him the best of luck in his retirement.”

Mr. Widman remarked, “I’ve had a rewarding ten years at Terex and it wouldn’t have been so without the support and talent of all of the people with whom I have worked. I look forward to an active retirement and continuing to stay involved in the business community as an external director at other companies.”

For more information, contact Tom Gelston, Vice President, Investor Relations at (203) 222-5943 or thomas.gelston@terex.com.

Get the free newsletter

Sign up for news, trends and equipment for sale in the lifting and rigging industry.
By signing up you agree to our Terms of Use and Privacy Policy. You may unsubscribe at any time.

Latest Products For Sale

Type Description
Equipment Heavy Duty Spool Turntable
Equipment Clamp On Line Tensionmeter - COLT The Straightpoint COLT is a lightweight wire rope tension…
Wire Rope 5/8" Flex-X 6 IWRC RRL Domestic - WireCo
Lifting Products
1035054 Crosby 1-1/8 S421T Wedge Socket
Lifting Products
4043 Lift Puller - 3/4 Ton w/ 5FT of Lift Columbus McKinnon Series 640

News & Articles