Terex Appoints Matt Fearon as Vice President and Managing Director of the AWP Business For Europe, Middle East, Africa & Russia

Redmond, Washington USA (18 April 2007) - Terex has announced the appointment of Matt Fearon to the newly created position of Vice President and Managing Director for Europe, Middle East, Africa, and Russia for the Terex Aerial Work Platform (AWP) Business which includes Genie, Terex Lift, Terex light construction products and Terex Load King. The position reports directly to Tim Ford, president of Terex AWP.

Commenting on Mr. Fearon’s appointment, Mr. Ford said, “Matt understands our focus on customer service and brings a wealth of leadership experience. He will assess growth opportunity and drive our investment in the region to best position Terex AWP for the future. This newly created position, responsible for all AWP operations in Europe, Middle East, Africa and Russia demonstrates our commitment to growth in this very important region of the world.”

Mr. Fearon was formerly vice president of manufacturing and engineering operations for Genie Industries’ facilities in Washington State, where he worked for 12 years. Prior to Genie, he had various engineering and management roles at Pratt & Whitney and Hercules Aerospace. He will be relocating to the U.K. this summer.