Long time Chief Executive Ron Defeo has announced his retirement from Terex. John L. Garrison Jr. has been appointed CEO effective November 1, 2015 with Defeo to ride out his time with the parent company of Genie Industries as Executive Chairman before moving into the private sector as a consultant.
“I am proud of the company Terex has become in my 23 years as Terex’s leader," said Defeo. "With my planned retirement, this day was inevitable and I am confident that John will be able to continue to create value for our shareholders and the shareholders of Konecranes Terex.”
Garrison joins Terex from Textron where he has been chief executive of its Bell Helicopter operation since 2009. Prior to that he was president of its Industrial division which includes E-Z-GO, Greenlee, Jacobsen and Kautex, until that point he was president of E-Z-GO.
“I am extremely excited to be leading Terex at such an important time in its history. I look forward to building on the strong foundation the team has built and positioning Terex and Konecranes Terex for success in the future,” said Garrison.
We here at GET,LLC wish Mr. Defeo the best in life after Terex and look forward to what the future of the company will be under the watch of John Garrison. If you have any aerial lift needs and would like to discuss potential solutions, please drop GET, LLC a line via our website at www.get-guam.com or give us a call at 671-797-0789-your authorized Terex/Genie Representative for Guam and Micronesia.