NORWALK, Conn., Oct. 12, 2021 /PRNewswire/ -- Terex
Corporation (NYSE: TEX) announced today that Julie A. Beck will become Senior Vice President
and Chief Financial Officer, succeeding John D. Sheehan, who is retiring. Beck will join
Terex as Senior Vice President, Finance on November 1 and become Chief Financial Officer
effective January 1, 2022. She will
serve on the corporation's Executive Leadership Team. To help
ensure a smooth transition, Sheehan will remain as CFO until
December 31, 2021 and retire on
April 1, 2022.
"I am delighted to welcome Julie to Terex as a key member of our
leadership team," said John L. Garrison,
Jr., Chairman and CEO. "Julie has successfully led global
finance organizations for three decades. She comes from a
manufacturing background and is highly familiar with the
complexities of a global, multi-national public company. Her deep
and extensive experience in leading the financial operations of
industrial and manufacturing businesses – as well as driving
operational changes – will make an impact as we continue to
position Terex for the future. I am confident Julie will provide
strong leadership and is an excellent addition to the Terex
team."
Beck comes to Terex from NOVA
Chemicals, a $5 billion producer of
plastics and chemicals, where she served as SVP and CFO since
February 2016. While there, she drove
growth through a $2 billion
acquisition, initiated the start of NOVA's digital transformation,
and drove a mindset of continuous improvement and value creation
that contributed to strong earnings. Before joining NOVA, she spent eight years with Joy Global,
at the time a $5 billion publicly
traded mining equipment manufacturer. Her roles with Joy Global
included CFO of Joy Mining Machinery and Global VP of Supply Chain,
Operational Excellence and Quality. In earlier roles, she was EVP
and CFO of Journal Register Company, SVP and CFO and Treasurer for
Norwood Promotional Products, VP Finance for Temple-Inland, and
Director, Finance for Rockwell Automation. She began her career
with Deloitte in public accounting. Julie currently serves on the
Board of Directors of Invacare Corporation and has served on
several other corporate and non-profit boards in the past,
including the Leukemia Society of America where she was an
Executive Board member. A Certified Public Accountant, she holds a
BBA in Accounting from the University of
Wisconsin-Madison.
"I am thrilled to join Terex, with its unique
strengths, a strong business model and a proud history, and I look
forward to working with the team to execute on the Company's
priorities, accelerate growth and enhance value for shareholders
and all stakeholders," Beck said.
Garrison added, "On behalf of our Board of Directors
and all Terex team members, I thank Duffy for his exceptional
contributions during his five years at Terex," said Garrison.
"He has been a great leader, mentor and colleague, and he has
created tremendous value for our Company and our shareholders. In
his five years as CFO, Duffy's guidance has been especially
important as he helped lead our transformation journey and our work
to optimize our portfolio and position Terex for the
future. I wish Duffy all the best in the next chapter of his
life."
About Terex:
Terex Corporation is a global
manufacturer of aerial work platforms and materials processing
machinery. The Company designs, builds, and supports products used
in construction, maintenance, manufacturing, energy, minerals and
materials management applications. The Company's products are
manufactured in North and South
America, Europe, Australia, and Asia and sold
worldwide. The Company engages with customers through all stages of
the product life cycle, from initial specification and financing to
parts and service support.
Contact Information:
Terex Corporation
Randy Wilson
Director, Corporate Treasury & Investor Relations
(203) 221-5415
randy.wilson@terex.com
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SOURCE Terex Corporation