Steve Filipov is President, Developing Markets and Strategic Accounts, reporting directly to the Chairman and CEO of Terex Corporation.  

Mr. Filipov has been with Terex for more than 16 years in management positions of increasing scope and responsibility, including sales, marketing, general management and production.    Mr. Filipov was named President, Developing Markets and Strategic Accounts, inJanuary 2008 to lead the company's global efforts to increase sales, distribution, and local manufacturing efforts in emerging nations. For most of his career with Terex, he has worked outside of theUnited States.

Terex now generates approximately a third of its revenue from developing market countries and has more than 4,000 team members there. He has responsibility for country strategies inRussia, the Middle East, Latin America, andIndiaand in supporting the goal to double revenues from developing nations.  He is also responsible for coordinating and developing global sales for key global strategic accounts such as Bechtel, Ameco, Holcim, Colas, and others. In addition, he oversees the Global Marketing Function at Terex, including brand development, market intelligence and customer satisfaction.  

Mr. Filipov also leads the Terex Global Tower Crane business as it pursues as aggressive growth strategy within the developing markets. He enjoys strong relationships with Terex Tower Crane customers worldwide, thanks to his previous role as President, Terex Cranes, a position he held since 2004.  Under his leadership, Terex Cranes business segment revenues more than doubled from $900 million in 2003 to more than $2.2 billion in 2007, while operating profits increased from $30 million to $250 million in the same period. He improved the talent base of the organization and led implementation of the Terex Business System that focuses on lean manufacturing principles.