Terex Announces Leadership Succession Plan; John L. Garrison, Jr. To Retire As Chairman And CEO Effective January 1, 2024; Simon Meester, Current President Terex Aerial Work Platforms, Named Next CEO
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Terex Corporation (NYSE:TEX) announced a leadership succession plan. John L. Garrison, Jr. will retire as Chairman and CEO effective January 1, 2024. He will be succeeded by Simon Meester, current President of Terex Aerial Work Platforms. Joshua Gross, current Genie Vice President of Global Strategy and Product Management, will be promoted to President Genie. Garrison will continue as a consultant for Terex after January 1, 2024 through June 30, 2024.
October 17, 2023 | 8:18 pm
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NEUTRAL IMPACT
Terex Corporation announces leadership changes with CEO John L. Garrison, Jr. retiring and Simon Meester taking over. This could potentially impact the company's strategic direction.
Leadership changes can often lead to shifts in company strategy and operations. However, the impact of this change on the company's stock price is uncertain in the short term.
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