CEO Ronald DeFeo has been the chief executive officer of Terex Corp since 1995. He is 54 years old. Follow Mr. DeFeo and Terex Corp in the news and blogs or share your own opinion about the company and its leadership.
Diversified manufacturer Terex Corp. said Wednesday it fell to a $421.5 million loss in the fourth quarter and said it has already cut or will cut more than 5,000 jobs, including the majority of its temporary work force. The company also provided a dismal revenue outlook for 2009. Shares tumbled $3.22, or 24 percent, to $10.40 in aftermarket electronic trading, having closed earlier up 10 cents at $13.62. The stock, which last May traded as high as $76.25, was hit hard by the global market... Read Full Story
Gene Marcial, Business Week’s Inside Wall Street columnist, believes Terex (TEX) is ready to move much higher.
a. The company has been hammered by its link to the construction industry.
b. But, Terex is a global manufacturer of a broad range of heavy-duty trucks, mobile cranes, and aerial platforms used mainly in infrastructure construction, such as highway and road-building, and surface mining. And more important, some 70% of Terex’s total 2007 revenues of $9.1 billion was generated... Read Full Story
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