07.02.2017

New director for Terex

Terex has appointed Matthew Hepler as a main board director representing hedge fund Marcato Capital Management, a major Terex shareholder.

Hepler has been a partner at San Francisco based Marcato for almost a year, and is also a partner at Red Mountain Capital Partners. Prior to joining Marcato he was a managing director at Relational Investors, leading the company’s research team focusing on the industrial and materials sector. He started out with Robertson Stephens financial services in 2001, before moving to Credit Suisse where he was a vice president for six years, moving to Relational Investors in 2008.
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Matthew Hepler

Terex chairman David Sachs said: “We are pleased to have Matt join the Terex board of directors representing the perspective of one of our largest shareholders.”

Chief executive John Garrison 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.”

Hepler said: “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.”