Terex Company Announces Chief Financial Officer Transition

John D. Sheehan to Retire

Terex Names Julie A. Beck as its Subsequent CFO

NORWALK, Conn., Oct. 12, 2021 /PRNewswire/ — Terex Company (NYSE: TEX) launched at the present time that Julie A. Beck will change into Senior Vice President and Chief Financial Officer, succeeding John D. Sheehan, who is retiring. Beck will join Terex as Senior Vice President, Finance on November 1 and change into Chief Financial Officer efficient January 1, 2022. She’s going to abet on the corporate’s Govt Management Group. To relieve make certain a cozy transition, Sheehan will live as CFO until December 31, 2021 and retire on April 1, 2022.

“I am contented to welcome Julie to Terex as a key member of our management team,” acknowledged John L. Garrison, Jr., Chairman and CEO. “Julie has efficiently led international finance organizations for three a long time. She comes from a manufacturing background and is extremely mindful of the complexities of a international, multi-national public firm. Her deep and huge experience in main the financial operations of industrial and manufacturing businesses – as properly as using operational adjustments – will originate an influence as we continue to region Terex for the long trail. I am assured Julie will provide real management and is a well-known addition to the Terex team.”

Beck involves Terex from NOVA Chemicals, a $5 billion producer of plastics and chemicals, where she served as SVP and CFO since February 2016. Whereas there, she drove development through a $2 billion acquisition, initiated the open of NOVA’s digital transformation, and drove a mindset of continuous development and value creation that contributed to real earnings. Earlier than becoming a member of NOVA, she spent eight years with Pleasure World, at the time a $5 billion publicly traded mining equipment producer. Her roles with Pleasure World incorporated CFO of Pleasure Mining Equipment and World VP of Offer Chain, Operational Excellence and Quality. In earlier roles, she change into EVP and CFO of Journal Register Company, SVP and CFO and Treasurer for Norwood Promotional Merchandise, VP Finance for Temple-Inland, and Director, Finance for Rockwell Automation. She began her profession with Deloitte in public accounting. Julie currently serves on the Board of Directors of Invacare Company and has served on several diverse company and non-revenue boards in the previous, along side the Leukemia Society of The us where she change into an Govt Board member. A Licensed Public Accountant, she holds a BBA in Accounting from the University of Wisconsin-Madison.

“I am contented to affix Terex, with its uncommon strengths, a real industry model and a proud history, and I spy forward to working with the team to manufacture on the Company’s priorities, flow up development and toughen cost for shareholders and all stakeholders,” Beck acknowledged.

Garrison added, “On behalf of our Board of Directors and all Terex team participants, I thank Duffy for his distinctive contributions in the route of his 5 years at Terex,” acknowledged Garrison. “He has been a grand leader, mentor and colleague, and he has created gargantuan cost for our Company and our shareholders. In his 5 years as CFO, Duffy’s steering has been especially considerable as he helped lead our transformation roam and our work to optimize our portfolio and region Terex for the long trail. I wish Duffy the entire simplest in the next chapter of his life.”

About Terex:

Terex Company is a international producer of aerial work platforms and provides processing equipment. The Company designs, builds, and supports products dilapidated in construction, upkeep, manufacturing, energy, minerals and provides administration purposes. The Company’s products are manufactured in North and South The us, Europe, Australia, and Asia and sold worldwide. The Company engages with prospects through all levels of the product life cycle, from initial specification and financing to ingredients and repair toughen.

Contact Data:

Terex Company

Randy Wilson

Director, Corporate Treasury & Investor Family members

(203) 221-5415

[email protected]