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FRANK BARDONARO JOINS TEREX CRANES AS MANAGING DIRECTOR, AMERICAS

WESTPORT, CT, Sept. 22, 2010 – Terex Corporation (NYSE: TEX) today announced that Frank Bardonaro has joined the Company as Vice President and Managing Director for Terex Cranes in the Americas. For the past nine years, Mr. Bardonaro has been President and CEO of the Amquip Crane Rental Company.

“We are extremely pleased that Frank Bardonaro is joining Terex Cranes,” said Rick Nichols, President Terex Cranes. “Coming from the distribution and operational side of our industry, Frank’s considerable knowledge will be a great asset to our Terex team as we develop even stronger dealer and customer relationships supported by superior aftermarket services. Frank will play an important leadership role as we continue building the Terex Cranes brand and our product offerings. He will have direct responsibility for the Americas region, and will oversee the general managers who lead operations within the United States.”

Mr. Bardonaro brings to Terex a strong professional resume in the Cranes industry. Prior to his tenure at Amquip, he was Operations Manager for Maxim Crane Rental. He is currently the Chairman of the Specialized Carriers & Rigging Association (SCRA), an international trade association of more than 1,300 members from 43 nations. 

He holds a bachelor’s degree in business from Hanover College.

Mr. Bardonaro is assuming his new Terex Cranes role as Marco Gentilini transitions to the newly created position of Vice President, Cranes Business Integration Projects, and will be based at the Terex offices in Westport, Connecticut.

Terex Corporation is a diversified global manufacturer operating in four business segments: Aerial Work Platforms, Construction, Cranes, and Materials Processing. Terex manufactures a broad range of equipment for use in various industries, including the construction, infrastructure, quarrying, mining, shipping, transportation, refining, energy and utility industries. Terex offers a complete line of financial products and services to assist in the acquisition of Terex equipment through Terex Financial Services. Terex uses its website to make information available to its investors and the market at www.terex.com.

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