Shuangshuai Takes Office, CEO of Terex and President of Gini Announce New Positions

Terex Corporation（Terex Corp.）Announced recently，John L. Garrison Jr.Will retire as Chairman and Chief Executive Officer and a member of the Board of Directors on January 1, 2024。

Incumbent Gini（Genie）PresidentSimon MeesterMr. Wang will take overJohn L. Garrison Jr.Sir，As CEO of Terex，And join the Terex Board of Directors.。

John L. Garrison Jr.Before he officially steps down, Mr.Simon MeesterSir, complete the handover，Ensure an orderly transition of responsibilities。He is currently Vice President of Global Strategy and Product Management at Gini.Joshua GrossMister will be promoted to president of Gini.。

John L. Garrison Jr.

Joining Terex is the most important milestone in my career.。No doubt about it，The company can not achieve today's success without the efforts and dedication of every employee.，They practice Terex values and a zero-injury safety culture every day.。Terex is in the strongest development phase ever.，This is the right moment for the transition to the next leader.。I have the honor to be withSimonClose cooperation for many years，He proved to be a leader with global vision and strategic thinking.，With innate leadership.。I am convinced that under his leadership,，Terex will continue to lead the market，Promote the sustainable development of the company，To bring long-term and stable returns to the company's stakeholders，Create more value。

From 1 January to 30 June 2024，

John L. Garrison Jr.Will continue to serve as a consultant to Terex.。Lead Independent Director on the Board of Directors of Terex CorporationDavid SachsMr Wang will become non-executive chairman.，Effective January 1, 2024。

Simon Meester

Simon MeesterMr. Terex Genie joined in 2018.，Promoted to Chief Operating Officer of Gini in June 2020，He was appointed president of Gini on August 1, 2021.。Simon MeesterHe has more than 20 years of management and operation experience in the construction machinery industry.。As one of Gini's top leaders,，He has excellent strategic vision and leadership skills.。Under his leadership.，Gini's performance in the global market continues to grow steadily.。We firmly believe，Simon MeesterHis new appointment will bring a broader development prospect for Ginny and Terex.。

Is about to take over as the new coach of Terex.，Taking on a major role in the future development of Terex.，

Simon MeesterMr. Wang said：

I am very pleased and honored to be appointed CEO of Terex.。Thanks to the foundation laid by the steady development of the company，The future development prospect of Terex will be broader.。I look forward toJohnClose cooperation，To ensure a smooth handover of work.。Over the next few months,，I will continue to work withJoshua GrossClose cooperation，Ensure a smooth transition for Gini。Joshua GrossHas been a key member of Gini's leadership team.，He is the right person to promote the success of Gini's future strategic plan.。

Joshua Gross

The new president of GiniJoshua GrossSir joined Gini in 2019.，Vice President of Global Strategy and Product Management since July 2022，Responsible for leading corporate strategy、Product Management、Gini operating system、Marketing and other functional departments。He was withSimon MeesterSir, work closely together，Reshape brand positioning，Introduced a brand new“Be skilled in design、Be loyal to quality”（Quality by Design）Brand promise。Work experience in many fields has createdJoshua GrossHis outstanding leadership and forward-looking strategic vision。

Joshua GrossHe has shown a firm commitment to the future development of Gini.：

It's my honor to take over as president of Ginny.，This is an exciting moment.。I look forward to andSimonAnd Gini's leadership team.，Continue to provide customers with industry-leading products and services，Work with many partners to build a sustainable future。

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