Terex Corporation Announces Chief Monetary Officer Transition

• John D. Sheehan to Retire
• Terex Names Julie A. Beck as its Next CFO

NORWALK, Conn., Oct. 12, 2021 /PRNewswire/ — Terex Corporation (NYSE: TEX) launched this present day that Julie A. Beck will change into Senior Vice President and Chief Monetary Officer, succeeding John D. Sheehan, who’s retiring. Beck will join Terex as Senior Vice President, Finance on November 1 and change into Chief Monetary Officer effective January 1, 2022. She is going to attend on the corporation’s Govt Management Team. To attend own sure a aloof transition, Sheehan will remain as CFO until December 31, 2021 and retire on April 1, 2022.

“I am happy to welcome Julie to Terex as a key member of our leadership team,” acknowledged John L. Garrison, Jr., Chairman and CEO. “Julie has successfully led world finance organizations for 3 decades. She comes from a manufacturing background and is extremely conscious of the complexities of a world, multi-nationwide public company. Her deep and intensive journey in leading the monetary operations of commercial and manufacturing companies – apart from to utilizing operational adjustments – will own an impression as we proceed to situation Terex for the prolonged depart. I am assured Julie will provide precise leadership and is an shapely addition to the Terex team.” 

Beck involves Terex from NOVA Chemical substances, a $5 billion producer of plastics and chemicals, where she served as SVP and CFO since February 2016. Whereas there, she drove development via a $2 billion acquisition, initiated the originate of NOVA’s digital transformation, and drove a mindset of continuing enchancment and worth advent that contributed to precise earnings. Before joining NOVA, she spent eight years with Pleasure International, on the time a $5 billion publicly traded mining gear manufacturer. Her roles with Pleasure International integrated CFO of Pleasure Mining Machinery and International VP of Provide Chain, Operational Excellence and Quality. In earlier roles, she was EVP and CFO of Journal Register Firm, SVP and CFO and Treasurer for Norwood Promotional Products, VP Finance for Temple-Inland, and Director, Finance for Rockwell Automation. She started her profession with Deloitte in public accounting. Julie for the time being serves on the Board of Administrators of Invacare Corporation and has served on various diversified corporate and non-profit boards within the previous, in conjunction with the Leukemia Society of The usa where she was an Govt Board member. A Licensed Public Accountant, she holds a BBA in Accounting from the University of Wisconsin-Madison.

“I am extremely contented to hitch Terex, with its odd strengths, a precise alternate model and a proud historical previous, and I dwell up for working with the team to attain on the Firm’s priorities, depart development and purple meat up worth for shareholders and all stakeholders,” Beck acknowledged. 

Garrison added, “On behalf of our Board of Administrators and all Terex team members, I thank Duffy for his distinctive contributions for the period of his 5 years at Terex,” acknowledged Garrison. “He has been a sizable leader, mentor and colleague, and he has created sizable worth for our Firm and our shareholders. In his 5 years as CFO, Duffy’s steering has been seriously necessary as he helped lead our transformation race and our work to optimize our portfolio and situation Terex for the prolonged depart. I wish Duffy your complete greatest within the next chapter of his lifestyles.”

About Terex:

Terex Corporation is a world manufacturer of aerial work platforms and affords processing equipment. The Firm designs, builds, and supports merchandise outdated in building, upkeep, manufacturing, energy, minerals and affords administration applications. The Firm’s merchandise are manufactured in North and South The usa, Europe, Australia, and Asia and supplied worldwide. The Firm engages with customers via all phases of the product lifestyles cycle, from initial specification and financing to parts and repair enhance.

Contact Knowledge:

Terex Corporation

Randy Wilson

Director, Corporate Treasury & Investor Family members

(203) 221-5415

[email protected]

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SOURCE Terex Corporation