Nichols and Riordan leave Terex

By Alex Dahm06 January 2011

Rick Nichols

Rick Nichols

Richard Nichols, Terex Cranes president, will leave Terex at the beginning of February 2011.

Effective immediately Nichols' replacement is Kevin Bradley, reporting to Ron DeFeo, Terex chairman and CEO. Bradley moves from Terex Financial Services where he has been president since he joined Terex in 2005. Prior to joining Terex, Bradley spent nine years each at General Electric Capital Corporation and AT&T Capital Corporation.

* At Terex Corporation, Thomas Riordan, president and chief operating officer, has resigned, effective 31 January. Riordan's position will remain unfilled in the near term and his responsibilities will be assumed by Ron DeFeo, Terex said.

"We thank Tom Riordan and Rick Nichols for their dedicated service and accomplishments at Terex, and wish them the best in their future endeavours," said DeFeo. "Kevin Bradley is the right person to lead our efforts to improve relationships with large global crane customers and continue the globalisation of our crane business, and we are excited about the future prospects for this segment. In his TFS leadership role, Kevin has demonstrated his commercial skills and developed a keen understanding of our customer base."

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