Terex Corporation (NYSE: TEX) recently announced the appointment of Srikanth Padmanabhan to the company's board of directors, effective December 1, 2025. Mr. Padmanabhan, who recently retired as executive vice president and president – operations of Cummins, Inc., brings with him 34 years of experience and a proven track record of driving significant business growth and value.
With a bachelor’s degree in mechanical engineering from the National Institute of Technology in Trichy, India, and a PhD in mechanical engineering from Iowa State University, Mr. Padmanabhan is a distinguished leader with a wealth of knowledge in the global power solutions industry. Additionally, he is a graduate of the Advanced Management Program from Harvard Business School.
Terex Corporation is a global industrial equipment manufacturer of materials processing machinery, waste and recycling solutions, mobile elevating work platforms (MEWPs), and equipment for the electric utility industry. The company designs, builds, and supports products used in maintenance, manufacturing, energy, minerals and materials management, construction, waste and recycling, and the entertainment industry. They also provide best-in-class lifecycle support to their customers through a global parts and services organization, along with offering complementary digital solutions designed to help customers maximize their return on investment.
Terex Corporation's products are manufactured in North America, Europe, and Asia Pacific and sold worldwide. The company's offerings include electric and hybrid products that deliver quiet and emission-free performance, support renewable energy, and aid in the recovery of useful materials from various types of waste.
This appointment reflects the company's commitment to enhancing its board with individuals who bring valuable insights and perspectives to complement the experience of the current board members. David A. Sachs, Terex non-executive chairman, expressed anticipation for the valuable contributions Mr. Padmanabhan will bring to the company's board, given his extensive experience and expertise in driving business growth and value.
As Terex Corporation continues to expand and innovate in the global industrial equipment manufacturing sector, the addition of Mr. Padmanabhan to its board of directors signifies a strategic move aimed at leveraging his wealth of experience and industry knowledge to further drive the company's growth and success. The market has reacted to these announcements by moving the company's shares 1.43% to a price of $52.035. If you want to know more, read the company's complete 8-K report here.
