Terex Corporation in the USA has changed the composition of its board of directors. The announcement comes ahead of the release of third-quarter 2019 financial results on 31 October.
Brian Henry, senior vice president, business development and investor relations will leave the company at the end of 2019. Henry led Terex merger and acquisition activities throughout his 29 years at the company.
More than 50 transactions were completed to form Terex as it is today. Randy Williamson takes over as vice president, business development and strategy. He will report to John Garrison, Terex Corp chairman, president and CEO, and join the executive leadership team.
Garrison commented, “Brian has been the consummate leader of the Terex’s business development and architect of the company’s acquisition and disposition strategy. Brian also led Terex’s investor relations activities, bringing a unique knowledge and perspective of the company’s business, its competitors and the industry generally. On behalf of the Board of Directors and all Terex team members, I want to thank Brian for his many contributions to Terex over the course of his 29 years with the company. We wish him the best.”
Eric Cohen, senior vice president, secretary and general counsel, leaves Terex on 31 December 2019. He will be succeeded by Scott Posner who will join the Executive Leadership Team and report directly to John Garrison. Posner joined Terex in 2004 and has taken on increasing responsibilities in the legal department, most recently as vice president, assistant secretary and deputy general counsel.
Garrison commented, “On behalf of the Board of Directors and all Terex team members, I want to thank Eric for his extraordinary contributions to Terex over the course of his 22 years with the company. We wish him the best.”
Stacey Babson-Smith, vice president, chief ethics & compliance officer, will report to John Garrison from 1 January 2020. She will continue on the Executive Leadership Team. Babson-Smith previously reported to Eric Cohen.
After 19 years in the role, Kevin Barr will step down as senior vice president, human resources and chief human resources officer, and leave the company at the end of the year. Amy George will succeed him, reporting to John Garrison. George will continue to serve on the Executive Leadership Team. She joined Terex in 2007 and has been responsible for company-wide talent management initiatives and the global diversity and inclusion agenda, Terex said.