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Raimund Klinkner joins Terex Corporation Board of Directors

Terex Corporation announced that Raimund Klinkner has been appointed to its Board of Directors. Dr. Klinkner is the Managing Partner of the IMX Institute for Manufacturing Excellence GmbH, a consultancy firm specialized in production and logistics, and is Chairman of the German Manufacturing Excellence Board since 2004. In addition, Dr. 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 Chief Executive Officer. “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, Dr. Klinkner served as Chief Executive Officer of Knorr-Bremse AG, 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 AG, a manufacturer of cutting machine tools, from 1998 to 2006 culminating in his service as Deputy Chairman of the Board from 2003 to 2006. Dr. Klinkner began his career at Porsche AG in 1991 and held positions of increasing responsibility in the areas of logistics and supply chain management. Dr. Klinkner 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 AG.