Senior Exec Shake Up At Terex
By Mike Osenga23 October 2019
Terex Corp., the Westport, Conn. manufacturer of lifting and materials processing products, has announced a series of changes to its Executive Leadership Team, with most of the newly installed positions reporting directly to John L. Garrison, Jr., chairman, president and CEO.
Business Development and Investor Relations: Randy Williamson will succeed Brian J. Henry as vice president, business development and strategy. Henry, senior vice president, Business Development and Investor Relations will leave the company effective December 31, 2019. Williamson, Williamson joined Terex in 2007 as vice president, Strategy and Planning will continue to lead company and business-level strategy development while also assuming Henry’s role in corporate portfolio development.
With Henry’s departure, leadership of the IR function will transition to Terex CFO John Sheehan. Details of this transition will be communicated at a later date.
Human Resources: Amy George has been named senior vice president, Chief Human Resources Officer and will lead the Terex Human Resources function. Kevin A. Barr will be stepping down as senior vice president, Human Resources and Chief Human Resources Officer, leaving Terex on December 31, 2019. George joined Terex in 2007 and has been responsible for Company-wide talent management initiatives and the global diversity and inclusion agenda.
Legal: Scott J. Posner has been named senior vice president, Secretary and General Counsel. Posner replaces Eric I Cohen, who will be leaving Terex on December 31, 2019.. With that change, Stacey Babson-Smith, vice president and chief compliance officer, will now also report directly to Garrison.
Compliance: Finally, Stacey Babson-Smith, vice president, Chief Ethics & Compliance Officer, will report directly Garrison, effective January 1, 2020. She will continue to serve on the company’s Executive Leadership Team. Babson-Smith had previously reported to Cohen. She has been with Terex for 17 years, the last 11 of which as vice president, Chief Ethics & Compliance Officer.
These latest personnel moves continue a year of change for Terex. Earlier in the year Terex announced the sale of its Demag Mobile Cranes business to Tadano. That deal closed in August, at which point Steve Filipov, president of Terex Cranes left the company. In April, Terex sold its boom truck, truck crane and crossover product lines to Load King, a subsidiary of Custom Truck One Source.