Terex is to appoint Julie Beck as chief financial officer, succeeding John ‘Duffy’ Sheehan, who is retiring after almost five years with the company.
Beck will join Terex as senior vice president of finance at the start of November, taking over as chief financial officer at the start of the new year. She will also serve on the corporation's executive leadership team. Sheehan will remain with the company to help with the transition until fully retiring on the first of April.
Beck joins Terex from Nova Chemicals where she has been chief financial officer since February 2016 and more recently special advisor to the chief executive. She began her career in 1986 with Rockwell Automation as finance director, moving after 13 years for Temple-Inland, where she was vice president of finance. In 2003 she joined Norwood Promotional products as chief financial officer, taking up a similar role with Journal Register Company at the start of 2006, before leaving for Joy Mining a couple of years later. With Joy Mining her responsibilities were broader and encompassed responsibility for the supply chain and quality as well as being the chief financial officer. She left the company after seven and half years to join Nova. Along the way she has served as a non-executive director with several companies, including Wolverine Tube and Invacare.
Chief executive John Garrison said: "I am delighted to welcome Julie to Terex as a key member of our leadership team. Julie has successfully led global finance organisations for three decades. She comes from a manufacturing background and is highly familiar with the complexities of a global, multi-national public company. Her deep and extensive experience in leading the financial operations of industrial and manufacturing businesses – as well as driving operational changes – will make an impact as we continue to position Terex for the future. I am confident Julie will provide strong leadership and is an excellent addition to the Terex team."
Beck added: "I am thrilled to join Terex, with its unique strengths, a strong business model and a proud history, and I look forward to working with the team to execute on the Company's priorities, accelerate growth and enhance value for shareholders and all stakeholders."
Speaking of Sheehan’s retirement Garrison said: "On behalf of our board of directors and all Terex team members, I thank Duffy for his exceptional contributions during his five years at Terex. He has been a great leader, mentor and colleague, and he has created tremendous value for our Company and our shareholders. In his five years as CFO, Duffy's guidance has been especially important as he helped lead our transformation journey and our work to optimize our portfolio and position Terex for the future. I wish Duffy all the best in the next chapter of his life."