Terex Corporation announced several senior executive changes Jan. 5.
Thomas Riordan, President and Chief Operating Officer, has announced his resignation from Terex effective Jan. 31. The company does not intend to fill Riordan's position in the near term and his current responsibilities will be assumed by Ronald M. DeFeo, Terex Chairman and Chief Executive Officer, upon Riordan's departure.
Kevin Bradley has been named President, Terex Cranes, and will report to DeFeo effective immediately. Bradley has served as President, Terex Financial Services (TFS) since he joined Terex in 2005. He has led the successful establishment of TFS as a global captive finance company and a facilitator of the future growth of Terex. Prior to joining Terex, Bradley spent nine years each at General Electric Capital Corporation and AT&T Capital Corporation, holding positions of increasing responsibility.
Bradley takes on his new role as Richard Nichols, formerly President, Terex Cranes, will be leaving Terex to pursue other opportunities at the beginning of February.
Ramon Oliu has been appointed to the position of President, Terex Financial Services, assuming the role formerly held by Bradley. Oliu joined TFS in 2007 as the Business Development Leader. In 2009, he assumed the added responsibility for TFS Operations, Risk Management, and IT. Prior to joining Terex, he also held significant roles with Virgin Mobile USA and AT&T Capital Corporation. In his new role, he will report to Phillip Widman, Terex Senior Vice President and Chief Financial Officer.
"We thank Tom Riordan and Rick Nichols for their dedicated service and accomplishments at Terex, and wish them the best in their future endeavors," DeFeo said.