Terex names CEO, president

By |  October 16, 2015
John L. Garrison Jr.

John L. Garrison Jr.

Terex Corp. named John L. Garrison Jr. CEO and president effective Nov. 2. Garrison will succeed outgoing CEO Ronald M. DeFeo, who will continue to serve as the company’s executive chairman through the end of the calendar year.

DeFeo will serve Terex as a consultant in 2016.

According to Terex, Garrison joins the company from Textron Inc., which he served as president and CEO of its Bell Helicopter segment. Garrison served as president of Textron’s Industrial segment and E-Z-GO before that. He was also president and CEO at Azurix Corp. and held senior leadership positions at Case Corp.

“John is a proven leader with considerable experience across a variety of industries,” says David Sachs, Terex lead director. “The board considered a highly qualified pool of outstanding candidates and we strongly believe that John is the right person to lead Terex and Konecranes Terex into the future.

“We are grateful for Ron’s many contributions to Terex over the years and his leadership through both good and bad economic cycles in continuing to improve the company into the premier company it is today,” Sachs adds. “We are pleased that Ron will be available through the leadership transition.”

According to Terex, Garrison is a 1982 graduate of the United States Military Academy at West Point. He received a Master of Business Administration from the Harvard Business School. He will be based in Westport, Conn.

“I am extremely excited to be leading Terex at such an important time in its history,” Garrison says. “I look forward to building on the strong foundation the team has built and positioning Terex and Konecranes Terex for success in the future.”

Photo: Terex

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Kevin Yanik is editor-in-chief of Pit & Quarry. He can be reached at 216-706-3724 or kyanik@northcoastmedia.net.

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