---
schema_version: "secwatch.filing_event.v1"
accession: "0000097216-23-000193"
form_type: "8-K"
ticker: "TEX"
cik: "0000097216"
company_name: "TEREX CORP"
filed_at: "2023-10-17T23:59:59+00:00"
generated_at: "2026-06-09T23:02:25.300110+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000097216-23-000193
- form_type: 8-K
- ticker: TEX
- cik: 0000097216
- company_name: TEREX CORP
- filed_at: 2023-10-17T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/97216/000009721623000193/0000097216-23-000193-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/97216/000009721623000193/tex-20231012.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000097216-23-000193
- JSON: https://secwatch.observer/filing/0000097216-23-000193.json
- Plain text: https://secwatch.observer/filing/0000097216-23-000193.txt

## Key facts
- Executive change
  Simon Meester was appointed as President and Chief Executive Officer at TEREX CORP.
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: The Board has appointed Simon Meester, the current President Aerial Work Platforms, to succeed Mr. Garrison as President and CEO, effective January 1, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/97216/000009721623000193/0000097216-23-000193-index.htm
- Executive change
  John L. Garrison Jr. retired as Chairman and Chief Executive Officer at TEREX CORP.
  - Action: retired
  - Role: Chairman and Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/97216/000009721623000193/0000097216-23-000193-index.htm
- Executive change
  Simon Meester was appointed as Member of the Board at TEREX CORP.
  - Action: appointed
  - Role: Member of the Board
  source text: Mr. Meester has also been appointed a member of the Board effective January 1, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/97216/000009721623000193/0000097216-23-000193-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.