Westport, Conn.-based Terex Corp. last week announced that Thomas Hansen and David Wang were elected to the company’s board of directors.
Hansen is vice chairman of Illinois Tool Works, a manufacturer of fasteners and components, consumable systems and a variety of specialty products and equipment. He is responsible for ITW’s worldwide Automotive Components and Fastener, Fluids and Polymers, Industrial Metal and Plastic and Construction businesses. From 1998 until 2006, Hansen served as executive vice president of ITW. He joined the company in 1980 as sales and marketing manager of the Shakeproof Industrial Products businesses and has held several other positions within the company.
Wang is president of Boeing China Inc. and vice president of international relations of The Boeing Co., a manufacturer of commercial and military aircraft, and has held these positions since 2002. Prior to joining Boeing, Wang served as chairman and CEO of General Electric China from 1997 to 2001. He joined General Electric in 1980 and served in positions of increasing responsibility there. Wang is also a director of KLA-Tencor Corp.
“We are extremely pleased to have both Thomas Hansen and David Wang join the Terex board of directors,” said Ron DeFeo, Terex chairman and CEO. ”The combination of the manufacturing, executive management and international experience that these highly talented individuals have gained in their capacities at these two premier companies, ITW and Boeing, will be of great benefit in our board’s strategic management of Terex as we continue to expand globally and make progress toward our ambitious growth targets.”
Terex Corp. is a diversified global manufacturer with 2007 net sales of more than $9.1 billion. Terex operates in five business segments: Terex Aerial Work Platforms, Terex Construction, Terex Cranes, Terex Materials Processing & Mining, and Terex Roadbuilding, Utility Products and Other.