Terex appointing new CEO/president to lead business

The Terex Corporation has named John L Garrison, Junior as its new CEO and president, effective from November 2nd, 2015. He will also become a member of the Terex board of directors, also effective November 2nd, 2015. Garrison will succeed outgoing CEO Ronald M DeFeo, who will continue to serve as executive chairman of the company through December 31st, 2015. DeFeo will continue as a consultant for Terex after December 31st, 2015 through December 31, 2016.
October 16, 2015 Read time: 1 min
John L Garrison will become CEO of Terex
The 1222 Terex Corporation has named John L Garrison, Junior as its new CEO and president, effective from November 2nd, 2015. He will also become a member of the Terex board of directors, also effective November 2nd, 2015. Garrison will succeed outgoing CEO Ronald M DeFeo, who will continue to serve as executive chairman of the company through December 31st, 2015. DeFeo will continue as a consultant for Terex after December 31st, 2015 through December 31, 2016.

DeFeo took over as CEO of Terex when it was in a poor shape financially but through a series of acquisitions managed to build the company into a much stronger entity. Sales of some portions of the business have also seen it refocusing on specific areas, namely cranes and access machines and equipment for crushing and screening.

For more information on companies in this article

Related Content

  • Caterpillar CEO Doug Oberhelman retiring
    October 17, 2016
    Caterpillar chairman and CEO Doug Oberhelman is retiring after more than 41 years with the company. This will become effective from March 31st, 2017. During his time as chairman and CEO, Oberhelman has boosted the company’s focus on serving customers while also driving a culture of quality and safety. Oberhelman led the company to its highest sales and revenue peak in its 91-year history in 2012, and, since that time, has successfully led the company through the unprecedented downturn affecting our key indu
    Read More
  • Terex’s bright past, better future
    April 13, 2016
    John Garrison, Terex Corporation CEO, has said that as soon as further information is available on Zoomlion’s unsolicited cash bid for the company there will be an announcement. The Chinese construction equipment manufacturer is understood to have increased its offer for Terex in the estimated $3.4 billion bid. Meanwhile, Terex has an existing merger agreement with Finnish company Konecranes.
    Read More
  • Terex looks for internal growth and strong margins
    January 6, 2017
    Terex Corporation chairman and CEO Ron DeFeo is predicting strong growth over the next three years, with the aim of US$10bn revenues by 2015, up from $7.3bn in 2012. However, unlike so often in the past, he is not looking for acquisition but to develop the existing business. Indeed, the company has recently sold off much of its road construction business, as it was struggling to expand that division.
    Read More
  • Terex looks for internal growth and strong margins
    April 17, 2013
    Terex Corporation chairman and CEO Ron DeFeo is predicting strong growth over the next three years, with the aim of US$10bn revenues by 2015, up from $7.3bn in 2012. However, unlike so often in the past, he is not looking for acquisition but to develop the existing business. Indeed, the company has recently sold off much of its road construction business, as it was struggling to expand that division.
    Read More

Highlighted Content