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

  • Metso looks to develop its international profile following its recent demerger
    March 12, 2014
    Metso CEO and president Matti Kähkönen explained how the company is evolving - Mike Woof reports Finnish crushing and screening specialist Metso is looking to expand its worldwide operations following the recent demerger of the group. CEO and president Matti Kähkönen said that Metso has been a multi-industry business for the last 14 years. The firm’s biggest divisions have been the joint construction and mining division and the pulp and paper business, with its automation sector being the smallest of the
    Read More
  • BIA announces new CEO & strengthens management team with new VP sales & marketing
    May 7, 2024
    BIA Group, a major player in distributing equipment and services for the mining and quarrying, construction, transport and energy supply sectors, has unveiled its new CEO.
    Read More
  • Hitachi Europe appoints new CEO & president
    April 13, 2016
    Makoto Yamazawa has taken over as president and CEO of Hitachi Construction Machinery Europe (HCME). Having joined Hitachi straight out of university, Yamazawa has had a long and varied career within the firm and said, “My first position was as a domestic sales rep.” The role in Europe is a challenging one as HCME sells machines into 40 countries, while its equipment ranges from small rental products right up to the large mining trucks and shovels. Yamazawa has considerable experience of Hitachi’s mining e
    Read More
  • ARTBA elects new chairman
    October 5, 2015
    David S Zachry, chief executive officer of Texas-based Zachry Corporation, has been elected 2015-2016 chairman by the members of the American Road & Transportation Builders Association (ARTBA). Zachry’s career in the transportation construction industry spans nearly 30 years. In 1996, he was named president of the company’s Civil Group. In August 2004, he assumed the responsibilities of president and chief operating officer of Zachry Construction Corporation. And in January 2008, he was named president and
    Read More

Highlighted Content