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New CFO for Terex Corporation

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World Cement,

Terex Corporation has named John D. Sheehan as its Senior Vice President and Chief Financial Officer. Mr. Sheehan will succeed Kevin Bradley, and will assume his duties as CFO on 27 February 2017. Mr. Bradley will continue with the Company until mid-March to assist with the transition, after which he will be leaving the Company to pursue other opportunities.

Mr. Sheehan most recently served as Executive Vice President and Chief Financial Officer of Mylan Inc., from 2010 to April 2016. Previously, he served in a variety of financial positions at Delphi Corporation, including CFO during his last two years at Delphi. His experience also includes 20 years with KPMG LLP, where he was an Audit Engagement Partner.

John L. Garrison, Jr., President and Chief Executive Officer commented, “John is a seasoned financial executive whose career spans two large global companies in various financial positions, as well as public accounting experience. He is an experienced and proven executive dealing with the complexities of a large multinational, multi-location public company. His significant operational background and leadership qualities will fit very well here at Terex, and I am delighted to have the opportunity for John to join the Terex senior management team.” Mr. Garrison continued, “We thank Kevin for his dedicated service and leadership at Terex over many years as President of Terex Financial Services, President of Terex Cranes and his current position as Chief Financial Officer, and wish him the best in his future endeavours.”

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