Article: Terex Corporation Announces New Operating Structure and Names Management Team.

Business Editors

WESTPORT, Conn.--(BUSINESS WIRE)--Sept. 11, 2002

Terex Corporation (NYSE: TEX) announced today a new operating structure organizing the company into four primary reporting groups: Terex Cranes, Terex Construction, Terex Mining, and Terex Roadbuilding and Utility Products.

Upon the completion of the previously announced acquisition of Genie Industries, Inc., Terex will add Terex Aerial Work Platforms as a fifth reporting group. Financial data for Terex for 1999, 2000, 2001 and the first six months of 2002, reflecting the new operating structure, is attached to this release.

"The purpose of these changes is to strengthen ...

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