Terex Management
Management criteria checks 3/4
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 0.19% of the company’s shares, worth $5.85M. The average tenure of the management team and the board of directors is 5 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 | 5yrs |
| Board average tenure | 7.3yrs |
Recent management updates
Recent updates
Terex Corporation: Softness At The Worst Time
Dec 16Terex Corporation's (NYSE:TEX) Shares Lagging The Market But So Is The Business
Nov 26
Terex's (NYSE:TEX) Dividend Will Be $0.17
Nov 02Terex (NYSE:TEX) Has Affirmed Its Dividend Of $0.17
Oct 18Terex: Still A Buy Even If The ESG Acquisition Lowers Its Intrinsic Value (Valuation Update)
Sep 30Do Terex's (NYSE:TEX) Earnings Warrant Your Attention?
Sep 19Terex: M&A Company With Good ROIC Trading At Fair Value
Aug 26When Should You Buy Terex Corporation (NYSE:TEX)?
Aug 19Terex (NYSE:TEX) Is Paying Out A Dividend Of $0.17
Aug 02Is Terex (NYSE:TEX) A Risky Investment?
Jul 30Insufficient Growth At Terex Corporation (NYSE:TEX) Hampers Share Price
Jul 14Terex Corporation: Current Valuation Does Not Justify This Amazing Company
Jul 09Here's Why Terex (NYSE:TEX) Has Caught The Eye Of Investors
Jun 13A Look At The Intrinsic Value Of Terex Corporation (NYSE:TEX)
May 02Terex: The Market Has Missed This Wonderful Company
Apr 26These 4 Measures Indicate That Terex (NYSE:TEX) Is Using Debt Reasonably Well
Apr 20Terex Corporation's (NYSE:TEX) Low P/E No Reason For Excitement
Apr 08Should You Investigate Terex Corporation (NYSE:TEX) At US$61.79?
Mar 22Here's Why We Think Terex (NYSE:TEX) Might Deserve Your Attention Today
Mar 08Terex: A Worldwide Leader Being Pushed By Strong Tailwinds, Is It An Opportunity Or A Value Trap?
Feb 12Terex Corporation's (NYSE:TEX) Intrinsic Value Is Potentially 37% Above Its Share Price
Jan 30Why We Like The Returns At Terex (NYSE:TEX)
Jan 18Terex Corporation: A Winner In Multiple Aspects
Jan 02Lacklustre Performance Is Driving Terex Corporation's (NYSE:TEX) Low P/E
Jan 02Is There Now An Opportunity In Terex Corporation (NYSE:TEX)?
Dec 15Does Terex (NYSE:TEX) Have A Healthy Balance Sheet?
Dec 03Terex Corporation: Impressive Q3 2023 Performance And Positive Outlook Ahead (Ratings Upgrade)
Nov 01Are Investors Undervaluing Terex Corporation (NYSE:TEX) By 48%?
Oct 30CEO 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 below average for companies of similar size in the US market ($USD6.60M).
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 | 0.19% $ 5.9m | |
| Senior VP & CFO | 2.9yrs | US$3.14m | 0.14% $ 4.3m | |
| Senior VP | 12.7yrs | US$2.18m | 0.086% $ 2.6m | |
| President of Terex Materials Processing | 14.8yrs | US$4.21m | 0.27% $ 8.4m | |
| Chief Accounting Officer | 4.1yrs | no data | 0.022% $ 668.8k | |
| Senior VP | 16.9yrs | 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 | 5yrs | US$1.61m | 0.14% $ 4.2m | |
| Chief Risk Officer of Finance | 11.1yrs | no data | no data | |
| President of Genie | less than a year | no data | 0.032% $ 982.3k | |
| Senior VP & Chief Digital Officer | no data | no data | no data | |
| President of Terex Financial Services | 8.8yrs | no data | no data |
5.0yrs
Average Tenure
55yo
Average Age
Experienced Management: TEX's management team is seasoned and experienced (5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | less than a year | US$2.52m | 0.19% $ 5.9m | |
| Independent Director | 25.9yrs | US$305.00k | 0.27% $ 8.4m | |
| Director Emeritus | 8yrs | US$242.50k | no data | |
| Non-Executive Independent Chairman | 32.9yrs | US$283.50k | 0.61% $ 18.7m | |
| Independent Director | 20.5yrs | US$305.00k | 0.048% $ 1.5m | |
| Independent Director | 7.3yrs | US$260.00k | 0.033% $ 1.0m | |
| Independent Director | 3.9yrs | US$280.00k | 0.035% $ 1.1m | |
| Independent Director | 1.3yrs | US$193.15k | 0.010% $ 317.4k | |
| Independent Director | 4.8yrs | US$260.00k | 0.055% $ 1.7m |
7.3yrs
Average Tenure
62yo
Average Age
Experienced Board: TEX's board of directors are considered experienced (7.3 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/19 22:36 |
| End of Day Share Price | 2024/12/19 00:00 |
| Earnings | 2024/09/30 |
| 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 |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
| |
| Key Developments | 10 years |
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* 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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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 41 analysts. 11 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 |