Terex names new CFO
By Niamh Marriott13 October 2021
Julie Beck has been named as the new senior vice president and chief financial officer at Terex Corporation, succeeding John Sheehan, who is retiring.
Beck will join Terex as SVP of finance on 1 November 2021 and become CFO on 1 January 2022. She will serve on the corporation’s executive leadership team. Sheehan will remain as CFO until 31 December 2021 and retire on 1 April 2022.
“I am delighted to welcome Julie to Terex as a key member of our leadership team,” said John Garrison Jr., chairman and CEO at Terex. “Julie has successfully led global finance organisations for three decades. She comes from a manufacturing background and is highly familiar with the complexities of a global, multi-national public company.
“Her extensive experience in leading the financial operations of industrial and manufacturing businesses – as well as driving operational changes – will make an impact as we continue to position Terex for the future.”
Beck comes to Terex from NOVA Chemicals, a producer of plastics and chemicals, where she served as SVP and CFO since February 2016. While there, she drove growth through a $2 billion acquisition and initiated the start of NOVA’s digital transformation.
Before joining NOVA, she spent eight years with Joy Global, at the time a $5 billion publicly traded mining equipment manufacturer. Her roles with Joy Global included CFO of joy mining machinery and global VP of supply chain, operational excellence and quality.
In earlier roles, she was EVP and CFO of Journal Register Company, SVP and CFO and treasurer for Norwood Promotional Products, VP of finance for Temple-Inland, and director of finance for Rockwell Automation.
She began her career with Deloitte in public accounting.
“I am thrilled to join Terex, with its unique strengths, a strong business model and a proud history, and I look forward to working with the team to execute on the company’s priorities, accelerate growth and enhance value for shareholders and all stakeholders,” Beck said.