November Business News: Ritchie Bros., John Deere, Gormann-Rupp and more

November 2009 Vol. 64 No. 11
Doosan's futuristic concept excavator.

Multiquip
In order to flexibly respond to market changes and better serve the needs of its customers, Multiquip is creating initiatives to streamline the company and boost the efficiency of its business processes.

Under the new initiatives, Multiquip has consolidated and fully integrated its General Construction Equipment (GCE) and Power divisions into what the company calls a “single, right-sized, function-based organization.” Multiquip said this will eliminate redundancies and promote efficiency. A single Multiquip brand will be part of an intensified market focus and efforts have been made to ensure that the reorganization will be seamless to customers and will result in improved support levels and response timeliness.

In conjunction with these initiatives, Multiquip announced that Gary Moskovitz, who previously served as the company’s executive vice president, has been named president and chief operating officer. Mike Howlett, former GCE division president, will take over the new position of senior vice president of operations; Bob Graydon, former Power Division president, will take over the new position of senior vice president of sales, marketing and planning; Phillip D’Amato also has been promoted to vice president, human resources and corporate services. Also, Torsten Erbel has been promoted to vice president of product management, engineering and customer support.

Michael Hanken continues as vice president of information technology and Jim Henehan continues as senior vice president of finance/administration and CFO.

Multiquip is a wholly-owned subsidiary of New York-based Itochu International and its parent company, Tokyo-based Itochu Corp. 800.421.1244, www.multiquip.com

Severn Trent Services
Severn Trent Services has acquired P.S. Apliclor S.A., a leading supplier of water and wastewater solutions based in Barcelona, Spain. The acquisition is part of Severn Trent Services' plan to significantly grow its business in Europe. Concurrently, the company announced the appointments of a general manager for the P.S. Apliclor Division as well as a sales manager and financial controller for Spain.