Garrison will Succeed Retiring DeFeo as Terex CEO | Construction News

Terex Corporation has named John L. Garrison, Jr., chief executive officer and president, effective Nov. 2, 2015.

He will also become a member of the Terex board of directors on Nov. 2, 2015.

Garrison will succeed outgoing CEO Ronald M. DeFeo, who will continue to serve as the company's executive chairman through Dec. 31, 2015, then continue as a consultant for Terex from Dec. 31, 2015, through Dec. 31, 2016.

Since 2009, Garrison has been president and CEO of Bell Helicopter, Fort Worth, Texas, a major unit of Textron, Inc.

As leader of Bell, Garrison championed the revitalization of the company's commercial product line, improved execution of its military programs, and modernized the company's systems, processes and facilities, thereby increasing the profitability and cash flow generation of the business.

In response to a slowdown in military orders and commercial business, he implemented an aggressive cost-reduction plan that delivered industry leading profitability during a cyclical down turn.

Prior to working at Bell, Garrison served as president of Textron's industrial segment, which comprises four businesses: E-Z-GO, Greenlee, Jacobsen, and Kautex. Before that he was president of E-Z-GO, where he initiated and led a highly successful turnaround.

Garrison joined Textron in 2002 from Azurix Corporation, a global water company, where he was president, chairman, and CEO.

He previously had been vice president and general manager of Case Corporation's North American Agricultural Group and vice president and general manager of Case's Agricultural Systems Group.

Garrison holds a master's degree in business administration with distinction from Harvard University, and a bachelor's degree in engineering from West Point.

Garrison serves as a past Chairman of the Board for the American Helicopter Society International, a Board member for the General Aviation Manufacturers Association (GAMA), and as a Cabinet Member of the Marine Corps Scholarship Foundation's American Patriots Campaign.