WESTPORT, Conn.--(BUSINESS WIRE)--May 15, 2008--Thomas J. Hansen
and David C. Wang have been elected to the Terex Corporation
(NYSE:TEX) Board of Directors, the company announced today.
Mr. Hansen, 59, is Vice Chairman of Illinois Tool Works, Inc., a
manufacturer of fasteners and components, consumable systems and a
variety of specialty products and equipment. He is responsible for
ITW's worldwide Automotive Components and Fastener, Fluids and
Polymers, Industrial Metal and Plastic and Construction businesses.
From 1998 until 2006, Mr. Hansen served as Executive Vice President of
ITW. He joined the company in 1980 as sales and marketing manager of
the Shakeproof Industrial Products businesses and has held several
other positions within the company.
Mr. Wang, 64, is President of Boeing China Inc. and Vice President
of International Relations of The Boeing Company, a manufacturer of
commercial and military aircraft, and has held these positions since
2002. Prior to joining Boeing, Mr. Wang served as Chairman and Chief
Executive Officer of General Electric China from 1997 to 2001. He
joined General Electric in 1980 and served in positions of increasing
responsibility there. Mr. Wang is also a director of KLA-Tencor
Corporation.
"We are extremely pleased to have both Thomas Hansen and David
Wang join the Terex Board of Directors," said Ronald M. DeFeo, Terex
Chairman and Chief Executive Officer. "The combination of the
manufacturing, executive management and international experience that
these highly talented individuals have gained in their capacities at
these two premier companies, ITW and Boeing, will be of great benefit
in our Board's strategic management of Terex as we continue to expand
globally and make progress toward our ambitious growth targets."
Terex Corporation is a diversified global manufacturer with 2007
net sales of more than approximately $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
Director, Global Communications
Phone: 203-222-6113
Email: [email protected]
or
Investors
Laura Kiernan
Director, Investor Relations
Phone: 203-222-5943
Email: [email protected]
SOURCE: Terex Corporation