Terex Management
Management criteria checks 2/4
Terex's CEO is Simon Meester, appointed in Jan 2024, has a tenure of less than a year. total yearly compensation is $2.52M, comprised of 21.4% salary and 78.6% bonuses, including company stock and options. directly owns 0.21% of the company’s shares, worth €7.06M. The average tenure of the management team and the board of directors is 4.9 years and 7.3 years respectively.
Key information
Simon Meester
Chief executive officer
US$2.5m
Total compensation
| CEO salary percentage | 21.4% |
| CEO tenure | less than a year |
| CEO ownership | 0.2% |
| Management average tenure | 4.9yrs |
| Board average tenure | 7.3yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$465m |
| Jun 30 2024 | n/a | n/a | US$496m |
| Mar 31 2024 | n/a | n/a | US$515m |
| Dec 31 2023 | US$3m | US$540k | US$517m |
| Sep 30 2023 | n/a | n/a | US$481m |
| Jun 30 2023 | n/a | n/a | US$444m |
| Mar 31 2023 | n/a | n/a | US$358m |
| Dec 31 2022 | US$2m | US$511k | US$300m |
Compensation vs Market: Simon's total compensation ($USD2.52M) is above average for companies of similar size in the German market ($USD1.92M).
Compensation vs Earnings: Simon's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Simon Meester (54 yo)
less than a year
Tenure
US$2,521,864
Compensation
Mr. Simon A. Meester is CEO, President & Director at Terex Corporation since January 1, 2024. Mr. Meester is President of Aerial Work Platforms at Terex Corporation since May 2023. He was President of Geni...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | less than a year | US$2.52m | 0.21% € 7.1m | |
| Senior VP & CFO | 2.8yrs | US$3.14m | 0.14% € 4.9m | |
| Senior VP | 12.6yrs | US$2.18m | 0.086% € 2.9m | |
| President of Terex Materials Processing | 14.7yrs | US$4.21m | 0.27% € 9.4m | |
| Chief Accounting Officer | 4yrs | no data | 0.022% € 750.8k | |
| Senior VP | 16.8yrs | no data | no data | |
| Senior Vice President of Corporate Development | less than a year | no data | no data | |
| Senior VP of Human Resources & Chief Human Resources Officer | 4.9yrs | US$1.61m | 0.14% € 4.7m | |
| Chief Risk Officer of Finance | 11yrs | no data | no data | |
| President of Genie | less than a year | no data | 0.032% € 1.1m | |
| Senior VP & Chief Digital Officer | no data | no data | no data | |
| President of Terex Financial Services | 8.8yrs | no data | no data |
4.9yrs
Average Tenure
55yo
Average Age
Experienced Management: TXG's management team is considered experienced (4.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | less than a year | US$2.52m | 0.21% € 7.1m | |
| Independent Director | 25.8yrs | US$305.00k | 0.27% € 9.4m | |
| Director Emeritus | 7.9yrs | US$242.50k | no data | |
| Non-Executive Independent Chairman | 32.8yrs | US$283.50k | 0.63% € 21.6m | |
| Independent Director | 20.4yrs | US$305.00k | 0.048% € 1.7m | |
| Independent Director | 7.3yrs | US$260.00k | 0.033% € 1.1m | |
| Independent Director | 3.8yrs | US$280.00k | 0.035% € 1.2m | |
| Independent Director | 1.3yrs | US$193.15k | 0.010% € 356.4k | |
| Independent Director | 4.7yrs | US$260.00k | 0.055% € 1.9m |
7.3yrs
Average Tenure
62yo
Average Age
Experienced Board: TXG's board of directors are considered experienced (7.3 years average tenure).