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

  • Success of ECED dealers'conference
    May 9, 2012
    ECED's first Dealers' Conference in April during Intermat resulted in "a tremendous success and solid future outlook for the association". The president of the European Confederation of Equipment Distributors (ECED), Dr. José Gameiro, said the gravity of the current crisis is "the worst in the past 50 years, with a devastating effect on equipment distribution for public works and civil construction."
    Read More
  • UN General Assembly adopts a resolution on “Improving global road safety”
    June 8, 2016
    The UN General Assembly and its Member States have adopted on 15 April 2016 a resolution on "Improving global road safety". The resolution, which was tabled by the Government of the Russian Federation, was co-sponsored by 55 governments. IRF Geneva was represented in New York by Susanna Zammataro, IRF executive director, for the United Nations Road Safety Collaboration (UNRSC) Group meeting and the discussions leading up to the adoption of a the new resolution by the UN General Assembly. Zoleka Mandela,
    Read More
  • Success of ECED dealers'conference
    April 11, 2012
    ECED's first Dealers' Conference in April during Intermat resulted in "a tremendous success and solid future outlook for the association" The president of the European Confederation of Equipment Distributors (ECED), Dr. José Gameiro, said the gravity of the current crisis is "the worst in the past 50 years, with a devastating effect on equipment distribution for public works and civil construction." Describing the foreseeable consequences for the equipment sector, he estimated that "up to 20-30% of Euro
    Read More
  • Genie celebrates golden milestone in 2016
    March 16, 2016
    Genie is celebrating its golden milestone in 2016 with four new products. The Terex lift and work platform manufacturer is offering two new Genie Z-boom lifts; a new compact GTH-telehandler and a redesigned Genie vertical mast lift. “From Bud Bushnell’s [founder of Genie] garage in 1966, to the 4,500 team members serving customers around the world today, our customers have trusted us and helped us build and define the aerial industry, to offer people ways to work at height safely,” says Matt Fearon,
    Read More

Highlighted Content