David Gillrie Appointed Global General Manager of Telehandlers


REDMOND, WASH. (March 17, 2009) - Terex Aerial Work Platforms (AWP), a business segment of the Terex Corporation (NYSE:TEX), is pleased to announce that David Gillrie has been appointed Global General Manager for the telehandler product line. He will report to Linda Mayer, VP/GM Global Marketing & Product Management.

In his new role, Gillrie's responsibilities include leading the telehandler product line by assessing customer and market needs around the world, identifying new product ideas and sales channels, setting production levels to meet demand, establishing pricing, and developing marketing programs and sales tools for sales teams.

"David's prior experience in the strategy and business development arenas will provide a solid base from which to make a significant impact on our telehandler line," said Mayer. "David comes to us with an extensive background in equipment manufacturing. His leadership qualities and depth of knowledge in the industry make him a significant asset to our organization."

Prior to joining Terex AWP, Gillrie spent eight years at Ingersoll-Rand in various roles. Most recently, he served as the Vice President, Strategy and Business Development. His responsibilities included leading their corporate strategy and business development divisions focusing on long range and annual operating plans, mergers, acquisition and alliance strategy and valuations and all sector investment communications.

Gillrie holds a Masters degree in Business Administration from Central Michigan University.

About Terex

Terex Corporation is a diversified global manufacturer with 2008 net sales of $9.9 billion. Terex operates in four business segments: Terex Aerial Work Platforms, Terex Construction, Terex Cranes and Terex Materials Processing & Mining. Terex manufactures a broad range of equipment for use in various industries, including the construction, infrastructure, quarrying, mining, shipping, transportation, refining, and utility industries. Terex offers a complete line of financial products and services to assist in the acquisition of Terex equipment through Terex Financial Services. More information on Terex can be found at www.terex.com.

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