Raimund Klinkner to join Terex Corporation board of directors

Dec. 11, 2012 — Terex Corporation announced today that Raimund Klinkner has
been appointed to its board of directors. Klinkner is the managing partner
of the IMX Institute for Manufacturing Excellence, a consultancy firm
specialized in production and logistics, and is chairman of the German
Manufacturing Excellence Board since 2004. In addition, Klinkner is president of the German Logistics Association as well as a honorary professor
for production logistics at the Berlin Technical University and has held that
position since 2003.

“We are very pleased to have
Raimund Klinkner join our Board of Directors. Dr. Klinkner is a seasoned CEO
with the ability to see the big picture on a strategic level and a highly
regarded supply chain specialist,” said Ronald M. DeFeo, Terex chairman and CEO.

“As Terex has continued to
increase its geographic diversification, Dr. Klinkner’s international
experience, particularly his experience and insight into the German market,
makes him a valuable addition to the Terex Board,” commented G. Chris Andersen,
Terex lead director.

Previously, Klinkner
served as CEO of Knorr-Bremse, a manufacturer of braking
systems for rail and commercial vehicles,
from 2007 to 2011. Prior to that time, he held positions of increasing
responsibility at Gildemeister, a manufacturer of cutting machine tools,
from 1998 to 2006 culminating in his service as deputy chairman of the board
from 2003 to 2006. Klinkner began his career at Porsche in 1991 and held
positions of increasing responsibility in the areas of logistics and supply
chain management. He graduated from
the Munich Technical University and wrote his doctoral thesis at the Technical
University of Dresden. He also currently serves on the supervisory board of
Gildemeister.

Related Link
www.terex.com