WESTPORT, Conn.--(BUSINESS WIRE)--May 5, 2008--Terex Corporation
(NYSE: TEX) today announced that Laura Kiernan has been appointed to
the position of Director, Investor Relations. Ms. Kiernan will have
responsibility for all Terex Corporation investor communications and
succeeds Tom Gelston, who has been promoted to Vice President of
Business Development.
Ms. Kiernan comes to Terex with more than seventeen years of
experience in Investor Relations, Corporate Finance, Accounting,
Treasury and Auditing. Ms. Kiernan was the Vice President of Investor
Relations at Playtex Products, Inc., which recently merged with
Energizer where she was responsible for communicating the company's
strategy and results to the investment community, while building
relationships with research analysts and institutional investors.
Prior to joining Playtex, Ms. Kiernan directed Investor Relations
for Revlon where she worked closely with management to develop key
communications and significantly improve Revlon's visibility with
investors and research analysts. Ms. Kiernan also held various
positions of increasing responsibility with Revlon and Altria Group's
Philip Morris and Kraft divisions. She is a Certified Public
Accountant and a New York University Stern Scholar. She holds an MBA
in Finance and Strategic Marketing.
"We are pleased to welcome Laura to Terex," said Phil Widman,
Chief Financial Officer of Terex Corporation. "We believe Terex and
its investors will benefit from Laura's experience in investor
relations as well as her capital-market and corporate finance
knowledge. As Terex continues to grow, with 2008 revenues projected to
exceed $10 billion and in the large cap space, we expect the company's
investor outreach to expand."
Mr. Widman continued, "Adding Laura, to the investor relations
team with Kurt Goddard, Manager Investor Relations, will allow us to
place more resources globally as we work to deepen the understanding
in the investment community of our initiatives and growth prospects."
Terex Corporation is a diversified global manufacturer with 2007
net sales of more than $9.1 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
Media:
Mike Bazinet, 203-222-6113
Director, Global Communications
michael.bazinet@terex.com
or
Investors:
Laura Kiernan, 203-222-5943
Director, Investor Relations
Laura.Kiernan@terex.com
SOURCE: Terex Corporation