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Terex Names Ford Aerial Division President

Westport, Conn.-based Terex Corp. last week announced that former Toro executive Tim Ford joined the company as president, Terex Aerial Work Platforms. Ford will be based in Westport, and will report directly to the company’s chairman and CEO, Ronald DeFeo, and through Dec. 31, also to Robert Wilkerson.

Wilkerson, who has been serving as president, Terex Aerial Work Platforms, and is well known throughout the industry as the former CEO of Genie prior to its acquisition by Terex, will continue with the company reporting to DeFeo, and will help with customer and other growth initiatives.

“I am pleased to welcome Tim to this critical leadership role where he will be a key contributor to the future success of Terex,” said DeFeo. “His demonstrated leadership ability and experience with implementing lean initiatives will be instrumental in further expanding the global footprint of the Terex Aerial Work Platforms segment and continuing to drive down costs. Tim also has the right personality to take charge of Genie and the rest of the AWP segment, as he is a great people person and a strong customer advocate.”

Prior to joining Terex, Ford was most recently executive vice president of The Toro Co., a $1.8 billion lawn care and turf maintenance product and service provider and, prior to Toro, held various senior management positions with Honeywell International.

Commenting on Wilkerson’s changing role, DeFeo said, “Bob has been a team member of Genie for 35 years and the leader of the organization for most of this time. He has had a remarkable record of business building and has been the driving force in the success of Genie since its acquisition by Terex. The entire Terex organization is appreciative of his efforts. However, Bob is not leaving Terex. He will be focusing on new and special initiatives throughout the company to help Terex on our continuous improvement journey.”

Terex Corp. is a diversified global manufacturer with 2005 revenue of $6.4 billion. Terex operates in five business segments: Terex Construction, Terex Cranes, Terex Aerial Work Platforms, Terex Materials Processing & Mining, and Terex Roadbuilding, Utility Products and Other.

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