WESTPORT, Conn.--(BUSINESS WIRE)--Nov. 8, 2012--
Terex Corporation (NYSE: TEX) announced today that Raimund Klinkner has
been appointed to its Board of Directors. Dr. Klinkner is the Managing
Partner of the IMX Institute for Manufacturing Excellence GmbH, a
consultancy firm specialized in production and logistics, and is
Chairman of the German Manufacturing Excellence Board since 2004. In
addition, Dr. Klinkner is President of the German Logistics Association
as well as a honorary professor for production logistics at the Berlin
Technical University and has held that position since 2003.
“We are very pleased to have Raimund Klinkner join our Board of
Directors. Dr. Klinkner is a seasoned CEO with the ability to see the
big picture on a strategic level and a highly regarded supply chain
specialist,” said Ronald M. DeFeo, Terex Chairman and Chief Executive
Officer. “As Terex has continued to increase its geographic
diversification, Dr. Klinkner’s international experience, particularly
his experience and insight into the German market, makes him a valuable
addition to the Terex Board,” commented G. Chris Andersen, Terex Lead
Director.
Previously, Dr. Klinkner served as Chief Executive Officer of
Knorr-Bremse AG, a manufacturer of braking systems for rail and
commercial vehicles, from 2007 to 2011. Prior to that time, he held
positions of increasing responsibility at Gildemeister AG, a
manufacturer of cutting machine tools, from 1998 to 2006 culminating in
his service as Deputy Chairman of the Board from 2003 to 2006. Dr.
Klinkner began his career at Porsche AG in 1991 and held positions of
increasing responsibility in the areas of logistics and supply chain
management.
Dr. Klinkner graduated from the Munich Technical University and wrote
his doctoral thesis at the Technical University of Dresden. He also
currently serves on the Supervisory Board of Gildemeister AG.
About Terex
Terex Corporation is a diversified global manufacturer reporting in five
business segments: Aerial Work Platforms, Construction, Cranes, Material
Handling & Port Solutions and Materials Processing. Terex manufactures a
broad range of equipment for use in various industries, including the
construction, infrastructure, quarrying, manufacturing, mining,
shipping, transportation, refining, energy and utility industries. Terex
offers 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
Tom Gelston, 203-222-5943
Vice President,
Investor Relations
thomas.gelston@terex.com