Terex CEO to retire in January, successor named



John L. Garrison, Jr. is retiring as Chairman and Chief Executive Officer and a member of the Board of Directors of Terex, effective January 1, 2024.

He will be succeeded by Simon Meester, current President Terex Aerial Work Platforms, who will also join the company's board. 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 until June 30, 2024, while David Sachs, currently lead independent director of the Terex Board, will become Non-Executive Chairman of the Board, effective January 1.

Garrison said: "Leading Terex has been the highlight of my career. 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.”

Meester joined Terex in 2018 as Vice President, Global Sales and Marketing Administration for Genie. Prior to joining Terex, he was VP and General Manager of the Industrial Control Division at Eaton Corporation. Earlier, he spent 14 years in progressively senior roles at Caterpillar, Inc., before becoming President, Sandvik Mining and Construction in India.

He has managed global teams and operations for more than 20 years, based in seven countries, including 11 years in the United States. He holds an MBA from the University of Surrey, England and a Bachelor of Science in automotive engineering, Apeldoom, Netherlands.

Pictured from left: John L. Garrison, Jr., Simon Meester, Joshua Gross.