Terex promotes general counsel successor

NYSE-listed Terex Corporation is promoting Scott Posner to become senior vice president, secretary and general counsel, reporting to chair, president and CEO John Garrison.

Posner will succeed Eric Cohen, who will leave Terex on December 31, 2019. Cohen has been senior vice president, secretary and general counsel at the company for the past 22 years. According to a Terex statement, he has been engaged in building the firm’s legal department, governance structure and ethics and compliance function. He has also been involved in the company’s M&A growth and globalization.

Posner will become a member of the company’s executive leadership team. Alongside that change, Stacey Babson-Smith, vice president and chief compliance officer, will also report to Garrison.

Posner joined Terex in 2004 and has taken on increasing responsibilities in the legal department, serving most recently as vice president, assistant secretary and deputy general counsel. He was an associate at Weil Gotshal & Manges before joining the company.

‘Eric is an extraordinary lawyer and business executive who has been a key member of the Terex executive leadership team and a trusted, forward-looking adviser throughout his tenure, demonstrating outstanding business acumen, judgment and deal-making capabilities,’ Garrison says in a statement.

‘On behalf of the board of directors and all Terex team members, I want to thank Eric for his extraordinary contributions to Terex over the course of his 22 years with the company. We wish him the best… Scott has been an important team member for Terex overseeing the securities, M&A and corporate governance areas, among others, working with Eric for more than 15 years. Eric has been working closely with Scott to develop him to take over as his successor. I look forward to Scott’s continued contributions as an important member of the Terex executive leadership team.’