Shake-Up at Terex as COO Leaves

Terex Corp., one of the world's largest heavy construction manufacturers, has announced its chief operating officer and the head of its cranes business have resigned.

In the shake-up, Terex COO Thomas Riordan, second-in-command behind Chairman and Chief Executive Ron DeFeo, will leave Jan. 31 to become chief executive of casting company Neenah Enterprises Inc. effective Feb. 1. Riordan’s duties, which also include president of Terex, will be taken over by DeFeo.

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