Terex Names Jennifer Kong-Picarello Chief Financial Officer
Rhea-AI Summary
Terex (NYSE: TEX) has appointed Jennifer Kong-Picarello as its new Senior Vice President and Chief Financial Officer, effective February 3, 2025. Kong-Picarello will succeed Julie Beck and join the Terex Executive Leadership Team. She brings over 20 years of experience, most recently serving as SVP and CFO of Energy Management at Schneider Electric's €28B segment. Her previous roles include VP and CFO positions at Honeywell's Intelligrated division and various finance leadership positions at Tyco and Deloitte. Beck will assist with the transition until April 1 after Kong-Picarello assumes CFO duties following the filing of Terex's 2024 Annual Report.
Positive
- Appointment of experienced CFO with over 20 years in finance leadership
- New CFO brings significant experience managing large-scale operations (€28B segment at Schneider Electric)
- Structured transition period planned with current CFO until April 1
Negative
- None.
News Market Reaction
On the day this news was published, TEX gained 1.44%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Ms. Kong-Picarello most recently served as Senior Vice President, CFO of Energy Management, a
"I am excited to welcome Jennifer to Terex and to our leadership team," said Simon Meester, President and Chief Executive Officer. "Jennifer is a highly accomplished finance professional with an impressive track record of driving positive results, with strong capabilities around finance business partnership in large, diverse, multinational companies across the energy, utilities and manufacturing sectors. She is a hands-on leader who also brings growth/M&A exposure plus transformation experience in her prior roles." Mr. Meester continued, "We thank Julie for her dedicated service and leadership at Terex and wish her the best in her future endeavors."
About Terex
Terex Corporation is a global industrial equipment manufacturer of materials processing machinery, waste and recycling solutions, mobile elevating work platforms (MEWPs), and equipment for the electric utility industry. We design, build, and support products used in maintenance, manufacturing, energy, minerals and materials management, construction, waste and recycling, and the entertainment industry. We provide best-in-class lifecycle support to our customers through our global parts and services organization, and offer complementary digital solutions, designed to help our customers maximize their return on their investment. Certain Terex products and solutions enable customers to reduce their impact on the environment including electric and hybrid offerings that deliver quiet and emission-free performance, products that support renewable energy, and products that aid in the recovery of useful materials from various types of waste. Our products are manufactured in
Contact Information
Derek Everitt
VP Investor Relations
Email: InvestorRelations@Terex.com
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SOURCE Terex Corporation
FAQ
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