WESTPORT, Conn.--(BUSINESS WIRE)--Dec. 13, 2006--Terex Corporation
(NYSE:TEX) today announced that Robert G. Isaman will join the Company
as President, Terex Construction, effective January 2, 2007. Mr.
Isaman will be based in Westport, CT and will report directly to Tom
Riordan, who will be joining Terex as President and Chief Operating
Officer in January 2007, as previously announced.
"I am pleased to welcome Bob Isaman to Terex, where his proven
industrial sales, operations and general management skills will be a
great addition to our management team," said Ronald M. DeFeo, Terex
Chairman and Chief Executive Officer. "Bob's international experience
in the Asia Pacific region and Russia, as well as his track record
with lean manufacturing initiatives, will allow him to become a key
contributor to the future success of Terex. The Terex management team
is a strong one and Bob will add some additional dimensions to our
team that are particularly needed at this point in time."
Fergus Baillie, who has been Acting President, Terex Construction,
will continue with Terex Construction in a senior operating role
reporting to Mr. Isaman.
Prior to joining Terex, Mr. Isaman spent 21 years at United
Technologies Corporation most recently as President of Fire Safety
Americas, UTC Fire & Security, based in Farmington, CT. He started in
UTC's Otis Elevator Company in 1985 and advanced through the
managerial ranks there. In 1993, he joined UTC International
Operations as Deputy Program Manager, Russia and Commonwealth of
Independent States. Mr. Isaman returned to Otis Elevator in 1995,
became Vice President Marketing and Field Operations, Asia Pacific
Area in 2001 and was appointed President, Otis Elevator (China)
Investment Co. Ltd., in Beijing, China the following year.
Mr. Isaman holds an MBA in International Business from George
Washington University and a BS degree in Marketing from the University
of Maryland. He is a veteran of the U.S. Army Special Forces.
Terex Corporation is a diversified global manufacturer with 2005
revenue of $6.4 billion. Terex operates in five business segments:
Terex Aerial Work Platforms, Terex Construction, Terex Cranes, 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, surface mining, shipping, transportation, refining, and
utility 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, Director - Investor Relations
203-222-5943
SOURCE: Terex Corporation