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New board member appointed at Terex

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Dry Bulk,

Matthew Hepler has been appointed to Terex Corp.’s Board of Directors, effective immediately.

Hepler is currently a Partner at Marcato Capital Management L.P., a hedge fund and significant Terex shareholder. Before joining Marcato, he was a Managing Director at Relational Investors LLC where he led the firm’s research team focusing on the industrials and materials sector.

David A. Sachs, Chairman of the Board, said: “We are pleased to have Matt join the Terex Board of Directors representing the perspective of one of our largest shareholders.”

John L. Garrison, Jr, Terex President and CEO, added: “We look forward to having Matt’s knowledge of the industrials sector on the Terex Board as we transition the company following the sale of our Material Handling and Port Solutions Segment.”

Hepler commented: “I look forward to working with my fellow Terex directors at this pivotal time in the company’s evolution to help develop and execute initiatives that create long-term, sustainable shareholder value.”

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