Terex Corp. last week appointed Laura Kiernan director, investor relations. Kiernan will have responsibility for all Terex Corp. investor communications and succeeds Tom Gelston who has been promoted to vice president of business development.
Kiernan comes to Terex with more than 17 years of experience in investor relations, corporate finance, accounting, treasury and auditing. She was the vice president of investor relations at Playtex Products, which recently merged with Energizer where she was responsible for communicating the company’s strategy and results to the investment community, while building relationships with research analysts and institutional investors.
Prior to joining Playtex, Kiernan directed investor relations for Revlon where she worked closely with management to develop key communications and significantly improve Revlon’s visibility with investors and research analysts.
“We believe Terex and its investors will benefit from Laura’s experience in investor relations as well as her capital-market and corporate finance knowledge,” said Phil Widman, chief financial officer of Terex Corp. “As Terex continues to grow, with 2008 revenues projected to exceed $10 billion and in the large cap space, we expect the company’s investor outreach to expand.
“Adding Laura to the investor relations team with Kurt Goddard, manager investor relations, will allow us to place more resources globally as we work to deepen the understanding in the investment community of our initiatives and growth prospects.”
Westport, Conn.-based 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.