Matthew Hepler, a partner at hedge fund Mercato Capital Management, has been appointed to the board of directors of Terex, with immediate effect.

Prior to joining Marcato, which is a significant shareholder in Terex, Hepler was a managing director at Relational Investors where he led the firm’s research team focusing on the industrials and materials sector.
 
David A Sachs, chairman of the board, says: “We are pleased to have Matt join the Terex board of directors representing the perspective of one of our largest shareholders.”
 
John L Garrison, Jr, Terex president and chief executive officer, adds: “We look forward to having Matt’s knowledge of the industrials sector on the Terex board as we transition the company following the sale of our material handling and port solutions segment.”
 
Hepler says: “I look forward to working with my fellow Terex directors at this pivotal time in the company’s evolution to help develop and execute initiatives that create long-term, sustainable shareholder value.”