WESTPORT, Conn.--(BUSINESS WIRE)--Nov. 13, 2006--Terex Corporation
(NYSE:TEX) today announced that Tom Riordan will join the Company in
the newly created position of President and Chief Operating Officer
effective January 1, 2007. Mr. Riordan will be based in Westport,
Connecticut and will report directly to Ronald M. DeFeo, who will
continue to serve as the Company's Chairman and Chief Executive
Officer.
Mr. Riordan began his career at Borg-Warner Automotive, where he
held various manufacturing positions. After leaving Borg-Warner, Mr.
Riordan was at J.I. Case, where he held a series of technical
engineering, plant management and component manufacturing positions,
culminating in a role as Vice President, European Manufacturing. Mr.
Riordan later became President of Portland, Oregon based Consolidated
Sawmill Machinery International. In 1997, Mr. Riordan joined SPX
Corporation, where he held a series of division and segment president
assignments leading to his most-current position as Executive Vice
President and Chief Operating Officer. Mr. Riordan has a B.S. in
Industrial Engineering from Northwestern University and an M.S. in
Industrial Administration from Purdue University.
"I am pleased to welcome Tom to this critical leadership role,
where he will be my partner in the future success of Terex," stated
Mr. DeFeo. "Tom's demonstrated leadership ability and experience will
help Terex move to its next level of growth and success. I have known
Tom for nearly 20 years and followed his career with admiration. He
has a strong achievement driven personality, coupled with an excellent
management style that people respond to positively. As Chief Operating
Officer of SPX, a $4.6 billion diversified global industrial
manufacturer with 15,000 employees, Tom also brings very relevant lean
operating experience to Terex."
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.
Terex Corporation
500 Post Road East, Suite 320, Westport, Connecticut 06880
Telephone: (203) 222-7170, Fax: (203) 222-7976, www.terex.com
CONTACT: Terex Corporation
Tom Gelston, Director - Investor Relations
203-222-5943
SOURCE: Terex Corporation