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

  • First ever Plantworx show hailed a success after attracting over 11,000 visitors
    May 21, 2013
    The debut PLANTWORX construction equipment exhibition at Stoneleigh Park, in Warwickshire, central England, has been hailed a success after attracting more than 11,500 visitors over the course of the three-day event. While the British weather was true to form with torrential rain for the best part of two days, serious buyers were out in in their droves. PLANTWORX also made National TV on the morning of day one (May 14 2013) – with BBC Breakfast News broadcasting live from the show, interviewing PLANTWORX or
    Read More
  • Samoter-Asphaltica 2014 sparks greater Italian optimism
    July 3, 2014
    The recent co-located Samoter and Asphaltica exhibitions at VeronaFiere in Verona, Italy, have been hailed a success by organisers, exhibiting companies and trade delegations, after more than 40,000 visitors, including thousands from outside Italy, attended the combined 445 exhibitor company-strong four-day events. There is no doubt, as Guy Woodford reports, they provided a timely boost to an Italian construction equipment manufacturing sector enduring tough times
    Read More
  • Developing Brazil's transport infrastructure
    February 16, 2012
    The IRF and ABCR spoke with World Highways about the upcoming 7th Brazilian Congress on Highways and Concessions event
    Read More
  • Ma-estro turns quarry operators into skilled Q-PILOTS
    July 3, 2023
    As the adoption of artificial intelligence-based technology sweeps across various industrial sectors, concerns have surfaced about the potential displacement of human labour and professional expertise. In response, Ma-estro is championing AI-driven innovation as a means of bucking the trend, placing people back at the core of the quarrying sector with tools designed to enhance and improve human labour rather than supplant it.
    Read More

Highlighted Content