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.
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.
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.
