WESTPORT, Conn.--(BUSINESS WIRE)--Jan. 5, 2006--Terex Corporation
(NYSE:TEX) has announced that Katia Facchetti has joined the Company
in the newly created position of Senior Vice President and Chief
Marketing Officer. She will be based in Westport, Connecticut and will
report directly to the Company's Chairman and Chief Executive Officer,
Ronald M. DeFeo.
Mr. DeFeo commented, "This organizational move highlights two
specific important points. First, Marketing as a core function of
Terex needs to be elevated to a strategic and integrating force within
the Company. This position will lead this change. Secondly, we are
delighted to have attracted someone of Katia's talent to Terex. Coming
from outside the construction equipment industry, she will bring a
fresh perspective to many of our business challenges."
"I expect that 2006 will be a year of planning, learning and
focus," added Mr. DeFeo. "We need to learn more about our customers,
distribution, and our overall value proposition, specifically by
product type and geography. We are in the process of building a global
Terex franchise, and we need to accelerate and improve on what we have
started in order to elevate the business and its overall prospects. We
plan to build marketing competency throughout the entire Terex
organization as we strive to turn strategy into execution."
Prior to joining Terex, Ms. Facchetti has had a broad band of
marketing experiences. Most recently, she was President of Fusion5, a
marketing innovation consultancy serving major industrial and consumer
clients. Prior to that, Ms. Facchetti has held senior marketing
positions with Nabisco and Kraft/General Foods in both consumer and
food service businesses. Katia has a BS in Hotel Administration and an
MBA from Cornell University.
Terex Corporation is a diversified global manufacturer with 2004
net sales of approximately $5 billion. Terex operates in five business
segments: Terex Construction, Terex Cranes, Terex Aerial Work
Platforms, Terex Materials Processing & Mining, and Terex
Roadbuilding, Utility Products and Other. Terex manufactures a broad
range of equipment for use in various industries, including the
construction, infrastructure, quarrying, recycling, surface mining,
shipping, transportation, refining, utility and maintenance
industries. Terex offers a complete line of financial products and
services to assist in the acquisition of Terex equipment through Terex
Financial Services. More information on Terex can be found at
www.terex.com.
CONTACT: Terex Corporation
Tom Gelston, 203-222-5943
SOURCE: Terex Corporation