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

  • Terex CEO lays out future strategy
    March 9, 2017
    Terex Corporation has continued to divest itself of businesses that are not core to its three main industry sectors - cranes, aerial work platforms and materials processing. Speaking at the CONEXPO-CON/AGG show in Las Vegas, president and CEO John Garrison laid out the company’s future strategy.
    Read More
  • Terex Cranes is bullish with strong results
    February 25, 2019
    Terex Cranes reports strong financial performance, with fourth quarter 2018 net sales of $1.2 billion. This performance is an increase of 16% compared with the $1.1 billion achieved for the fourth quarter of 2017. For the full year 2018, Terex reported net sales of $5.1 billion, an increase of 18% over the $4.4 billion achieved for 2017. Meanwhile Terex has also announced it plans to to sell its Demag Mobile Cranes business to the Japanese firm Tadano. In addition, Terex Cranes will exit the mobile crane
    Read More
  • Association of Equipment Manufacturers elects officers
    November 18, 2014
    Dennis Slater, full-time president of the US-based Association of Equipment Manufacturers, remains as secretary of the AEM after recent elections. AEM officers for 2015 are: • Chair John Patterson, Chairman JCB USA Group and Director JCB Group, JCB Inc. • Vice Chair Leif Magnusson, President, CLAAS of America • Treasurer Göran Lindgren, President Sales Region Americas, Volvo Construction Equipment • AG Chair James Walker, Vice President Case IH NAFTA, CNH Industrial • CE Chair Michael Haberman, Pre
    Read More
  • JCB North America has new chief after John Patterson CBE retires
    January 7, 2014
    JCB’s John Patterson CBE, who rose through the ranks from field service engineer to Group chief executive, has retired after 43 years’ service. Arjun Mirdha is the new president and CEO of JCB in North America, where Patterson had led operations as chairman and CEO since 2008. After joining JCB in 1971, Patterson went on to work in Canada and America before returning to the UK in 1988 as managing director of JCB Service. In 1993, he was appointed managing director of JCB Sales before becoming Group CEO –
    Read More

Highlighted Content