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 0.2% of the company’s shares, worth MX$139.10M. The average tenure of the management team and the board of directors is 3.6 years and 7.2 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 | 3.6yrs |
| Board average tenure | 7.2yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| 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 MX market ($USD1.46M).
Compensation vs Earnings: Simon's compensation has increased by 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$2.52m | 0.20% MX$ 139.1m | |
| Senior VP & CFO | 2.4yrs | US$3.14m | 0.14% MX$ 96.2m | |
| Senior VP | 12.2yrs | US$2.18m | 0.085% MX$ 57.9m | |
| President of Terex Materials Processing | 14.3yrs | US$4.21m | 0.30% MX$ 202.5m | |
| Consultant | less than a year | US$10.21m | 0.47% MX$ 319.4m | |
| Chief Accounting Officer | 3.6yrs | no data | 0.022% MX$ 14.8m | |
| Head of Investor Relations | no data | no data | no data | |
| Senior VP | 16.4yrs | 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 | 4.5yrs | US$1.61m | 0.14% MX$ 93.4m | |
| Chief Risk Officer of Finance | 10.6yrs | no data | no data | |
| President of Genie | less than a year | no data | 0.032% MX$ 21.7m |
3.6yrs
Average Tenure
56yo
Average Age
Experienced Management: TEX *'s management team is considered experienced (3.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | less than a year | US$2.52m | 0.20% MX$ 139.1m | |
| Independent Director | 25.4yrs | US$305.00k | 0.27% MX$ 185.5m | |
| Independent Director | 16.1yrs | US$260.00k | 0.084% MX$ 57.5m | |
| Director Emeritus | 7.5yrs | US$242.50k | no data | |
| Non-Executive Independent Chairman | 32.4yrs | US$283.50k | 0.62% MX$ 424.1m | |
| Independent Director | 20yrs | US$305.00k | 0.048% MX$ 32.7m | |
| Independent Director | 6.8yrs | US$260.00k | 0.029% MX$ 20.0m | |
| Independent Director | 3.4yrs | US$280.00k | 0.035% MX$ 23.7m | |
| Independent Director | less than a year | US$193.15k | 0.010% MX$ 7.0m | |
| Independent Director | 4.3yrs | US$260.00k | 0.054% MX$ 37.0m |
7.2yrs
Average Tenure
63.5yo
Average Age
Experienced Board: TEX *'s board of directors are considered experienced (7.2 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/06/03 10:48 |
| End of Day Share Price | 2024/03/06 00:00 |
| Earnings | 2024/03/31 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Terex Corporation is covered by 40 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Kristine Kubacki | Avondale Partners |
| Mircea Dobre | Baird |
| Andrew Kaplowitz | Barclays |