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Terex Corporation Elects Former Congressman J.C. Watts, Jr. to Its Board
Business Wire, Jan 8, 2003
Business Editors
WESTPORT, Conn.--(BUSINESS WIRE)--Jan. 8, 2003
The Board of Directors of Terex Corporation (NYSE:TEX), a global manufacturer of heavy equipment for the construction, mining, and aggregates industries, today announced the election of former U.S. Congressman J.C. Watts, Jr., 45, to the Company's Board.
Congressman Watts represented Oklahoma's 4th District in the U.S. House of Representatives for eight years until January 7, 2003.
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Widely recognized for his unique leadership abilities, Congressman Watts was elected Chairman of the House Republican Conference, the fourth highest position in that body, in 1998 and was re-elected to the post unanimously two years later. He served on a number of key committees during his tenure in Congress, including the Armed Services Committee, the Select Homeland Security Committee, the Military Readiness Subcommittee, and the Procurement Subcommittee. As a rising star in his party, Congressman Watts also served as Honorary Co-Chairman of the 2000 Republican National Convention that nominated George W. Bush for the presidency.
Commenting on the appointment of Terex's newest Board member, Terex Chairman and CEO Ronald M. DeFeo said, "In an era when corporate governance is under such intense scrutiny, we are especially pleased to have someone with J.C. Watts' stature and reputation joining our Board. His exemplary service in Congress won him universal respect and admiration from both sides of the aisle. Having represented a state where Terex has major facilities, he knows our company and its operations. J.C. Watts' independence, judgment, insights, and experience will make a major contribution to shaping our company's future direction and growth."
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