News

Joy focuses on strategic planning and acquisitions with new executive appointment

Posted on 14 May 2010

Eric Nielsen has joined Joy Global as Executive Vice President, Business Development with primary responsibilities for strategic planning and acquisitions. Mike Sutherlin, President and CEO of the company stated, “I am pleased to welcome Eric to the executive leadership team. An effective strategy and key acquisitions will play a major role in our future growth, and I feel very fortunate that Eric brings extensive knowledge and leadership experience in the mining industry to these important functions at Joy Global.”

Nielsen was, most recently, President of the Materials Processing and Mining Group of Terex Corp. Prior to that, he was CEO of Volvo Construction Equipment’s excavator division, based in South Korea.

Sutherlin added, “We can grow our business over the next several years by a combination of positioning ourselves in the highest growth segments of our markets, by continuing to introduce new products that safely increase productivity for our customers, and by acquiring product lines that are highly valued by our customers. Our ultimate success will be determined by our customer’s view of us as their most critical and best supplier. I am confident that Eric will deliver strong results against this measure.”