Terex Corp., Norwalk, Conn., has named Simon Meester, current president of Terex Aerial Work Platforms, as the company president and CEO. Meester will also join the company’s board of directors. He will replace John Garrison Jr., who is retiring as chairman and CEO and as a member of the board of directors effective Jan. 1, 2024. Garrison will work closely throughout the remainder of 2023 with Meester to ensure a seamless and orderly transition of responsibilities, the company said.
Left to right: John L. Garrison, Jr., Simon Meester, Joshua Gross
Joshua Gross, current Genie vice president of global strategy and product management, will be promoted to president of Genie. Garrison will continue as a consultant for Terex after Jan. 1, 2024, through June 30, 2024. David Sachs, currently lead independent director of the Terex Board, will become non-executive board chairman of the board effective Jan. 1, 2024.
“Leading Terex has been the highlight of my career,” Garrison said. “Without a doubt, our success and achievements have been driven by our dedicated, engaged team members who live our Terex Way Values and Zero Harm Safety culture each and every day. Terex is in as strong a position as it has ever been in and now is the right time to begin the transition to Terex’s next leader. I have had the privilege of working closely with Simon for a number of years and he has proven to be a global, strategic thinker with a natural ability to lead teams and drive results. I have great confidence that he is the right leader for Terex as the company focuses on delivering long-term value for its stakeholders.”
“On behalf of the entire board, I want to thank John for his significant contributions, leadership and dedicated years of service to Terex,” Sachs said. “Since his appointment as CEO, he has been instrumental in transforming our company into the Terex of today, which comprises a very strong portfolio of market-leading businesses. The naming of Simon as the next CEO is the culmination of a thorough and orderly succession planning process undertaken by the Terex board, that included the evaluation of internal and external candidates, to ensure continuity of leadership.”