14.05.2004

Genies Wilkerson to take on more Terex Duties

Terex Corporation has announced that Bob Wilkerson, currently President of Terex Aerial Work Platforms, has been given additional responsibility for overseeing and accelerating the Terex Improvement Process ("TIP"). Wilkerson will continue as President of Terex Aerial Work Platforms, although some of his day-to-day responsibilities will in future be covered by others in the Terex Aerial Work Platforms management team.

"I am excited about this opportunity," commented Bob Wilkerson. "The TIP teams have already made breakthrough progress in certain areas. This new position will allow Terex to greatly accelerate the rate of change, by allowing me to work with the senior staff directly and focus our efforts on the most important areas of required change."

"I am delighted that Bob has accepted this newly created responsibility," commented Ronald M. DeFeo, Chairman and Chief Executive Officer of Terex Corporation. "I firmly believe that over the next couple of years the changes we make will be transformational and critical to achieving our stated goals. We will be building and installing the Terex Operating System broadly within Terex, a system that combines the best practices from all of the Terex businesses." Mr. DeFeo continued, "The progress achieved to date over a relatively short period of time makes me more excited about what we have to do to systematically improve, and this is an important and appropriate step to that end."

The “team of three” that owned and ran Genie industries, Ward Bushnell, Roger Brown and Bob Wilkerson are still very much involved in the day to day running of Terex Aerials and the Genie business. In fact at the recent ARA show it was very much Genie business as usual with the three manning the company's booth until the very end of the show.

Terex have stated before that there was a great deal that it could learn from the Genie business, and this move certainly formalises and accelerates what was already happening but it is also the first sign of a change in the senior management structure at Genie.