Terex Elects Garrison as Chairman
|John L. Garrison|
August 15, 2018 - Terex Corporation’s board of directors has elected John L. Garrison to be its chairman. Garrison, who is Terex’s president and chief executive officer, adds the new responsibilities today.
He succeeds David Sachs, who has been non-executive chairman since January 2016, and who before that had been lead director. With Garrison’s appointment to the chairmanship, Sachs again assumes the role of lead director.
“I would like to congratulate John on his election to serve in the additional capacity of chairman of the board. Under his leadership, management has taken significant steps to better position Terex for the future while executing the company’s Simplify and Execute to Win strategy and I am convinced that the best is yet to come for John and the Terex team,” said Sachs. “John’s strong track record as CEO of Terex, coupled with his experience sitting on the Terex board, leaves me confident that the role of chairman will be in good hands.”
“I appreciate the board’s support and confidence and I look forward to leading Terex on our mission to provide solutions to our machinery and industrial product customers that yield superior productivity and return on investment,” said Garrison. “On behalf of Terex, I would like to thank David for his leadership and contributions to the company as chairman and look forward to his continued contributions as lead director.”