Matthew Hepler to Join Terex Board of Directors
February 03 2017 - 8:07AM
Business Wire
Terex Corporation (NYSE:TEX) announced today that Matthew Hepler
has been appointed to its Board of Directors effective
immediately.
Mr. Hepler is currently a Partner at Marcato Capital Management
L.P., a hedge fund and significant Terex shareholder. Prior to
joining Marcato, Mr. Hepler was a Managing Director at Relational
Investors LLC where he led the firm’s research team focusing on the
industrials and materials sector. Mr. Hepler holds a Bachelor of
Science in Economics from The Wharton School, University of
Pennsylvania.
David A. Sachs, Chairman of the Board, said, “We are pleased to
have Matt join the Terex Board of Directors representing the
perspective of one of our largest shareholders.” John L. Garrison,
Jr., Terex President and Chief Executive Officer, added, “We look
forward to having Matt’s knowledge of the industrials sector on the
Terex Board as we transition the Company following the sale of our
Material Handling and Port Solutions Segment.”
Mr. Hepler commented, “I look forward to working with my fellow
Terex directors at this pivotal time in the Company’s evolution to
help develop and execute initiatives that create long-term,
sustainable shareholder value.”
About Terex:
Terex Corporation is a global manufacturer of lifting and
material processing products and services that deliver lifecycle
solutions to maximize customer return on investment. The
company reports in three business segments: Aerial Work Platforms,
Cranes, and Materials Processing. Terex delivers
lifecycle solutions to a broad range of industries, including the
construction, infrastructure, manufacturing, shipping,
transportation, refining, energy, utility, quarrying and mining
industries. Terex offers financial products and services
to assist in the acquisition of Terex equipment
through Terex Financial Services. Terex uses its
website (www.terex.com) and its Facebook page
(www.facebook.com/TerexCorporation) to make information available
to its investors and the market.
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version on businesswire.com: http://www.businesswire.com/news/home/20170203005335/en/
Terex CorporationBrian J. Henry, 203-222-5954Senior Vice
PresidentBusiness Development & Investor
Relationsbrian.henry@terex.com
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