WESTPORT, Conn.--(BUSINESS WIRE)--Oct. 8, 2009--
Terex Corporation (NYSE: TEX) today announced that George Ellis has been
named President, Terex Construction, effective immediately. He will
report to Tom Riordan, Terex President and Chief Operating Officer.
“George is extremely well versed in equipment manufacturing and was
already leading the Roadbuilding portion of our Terex Construction
operations,” said Mr. Riordan. ”In addition, his knowledge of and
insight into the construction market, as well as his ability to lead
change and improvement make him very well suited to lead Terex
Construction back to a position of profitability.”
Mr. Ellis, 49, was most recently Senior Vice President, Terex Business
System, with additional responsibilities leading the Company’s
Roadbuilding, Manufacturing Services and Health Safety & Environment
organizations.
Mr. Ellis joined Genie Industries as a site director in 2000. After the
Terex acquisition of Genie Industries in 2002, he became General Manager
of the Southaven operation of Terex Construction and later Vice
President and General Manager of the Terex Utility group. Prior to
joining Terex, Mr. Ellis held leadership positions at General Electric,
the Pratt & Whitney division of United Technologies, and PPG Industries.
He was also a consultant in the implementation of Toyota/lean systems.
Terex Corporation is a diversified global manufacturer with 2008 net
sales of $9.9 billion. Terex operates in four business segments: Terex
Aerial Work Platforms, Terex Construction, Terex Cranes, and Terex
Materials Processing & Mining. 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. Terex uses its website to
make information available to its investors and the market at www.terex.com.
Source: Terex Corporation
Terex Corporation
Media
Mike Bazinet
Director,
Global Communications
Phone: 203-222-6113
Email: michael.bazinet@terex.com
or
Investors
Tom
Gelston
Vice President, Investor Relations
Phone: 203-222-5943
Email:
thomas.gelston@terex.com