Terex CEO John Garrison to retire Jan 1, 2024; Simon Meester named successor; FY2023 EPS guidance raised to ~$7.05

TEREX CORP

John L. Garrison Jr. retiring as Chairman, CEO and board member effective Jan 1, 2024; will serve as consultant through June 30, 2024.
Simon Meester, current President Aerial Work Platforms, appointed President and CEO effective Jan 1, 2024; also joins board.
Joshua Gross promoted to President Genie; David Sachs becomes Non-Executive Chairman.
FY2023 EPS guidance raised to approximately $7.05; detailed outlook to be provided with Q3 results on Oct 26.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Simon Meester

President and Chief Executive Officer

TEX · TEREX CORP

Effective: 2024-01-01
Filed: October 17, 2023, 7:59 PM ET

The Board has appointed Simon Meester, the current President Aerial Work Platforms, to succeed Mr. Garrison as President and CEO, effective January 1, 2024.

Departed

John L. Garrison Jr.

Chairman and Chief Executive Officer

TEX · TEREX CORP

Effective: 2024-01-01
Successor: Simon Meester
Filed: October 17, 2023, 7:59 PM ET

John L. Garrison Jr. notified the Board of Directors (the “Board”) of Terex Corporation (“Terex” or the “Company”) of his intention to retire as Chairman, CEO and as a member of the Board, effective January 1, 2024.

Appointed

Simon Meester

Member of the Board

TEX · TEREX CORP

Effective: 2024-01-01
Filed: October 17, 2023, 7:59 PM ET

Mr. Meester has also been appointed a member of the Board effective January 1, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Simon Meester was appointed as President and Chief Executive Officer at TEREX CORP.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

The Board has appointed Simon Meester, the current President Aerial Work Platforms, to succeed Mr. Garrison as President and CEO, effective January 1, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

John L. Garrison Jr. retired as Chairman and Chief Executive Officer at TEREX CORP.

Action: retired
Role: Chairman and Chief Executive Officer

Exact text from the filing

John L. Garrison Jr. notified the Board of Directors (the “Board”) of Terex Corporation (“Terex” or the “Company”) of his intention to retire as Chairman, CEO and as a member of the Board, effective January 1, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Simon Meester was appointed as Member of the Board at TEREX CORP.

Action: appointed
Role: Member of the Board

Exact text from the filing

Mr. Meester has also been appointed a member of the Board effective January 1, 2024.

View on SEC.gov

TEREX CORP filing history →

Source: SEC EDGAR

accession 0000097216-23-000193

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