Polaris Industries Inc. (NYSE: PII) has announced that CEO Scott Wine will be appointed to the Terex Corporation board of directors effective October 10, 2011.
“I am honoured by the invitation to join Terex’s Board of Directors, a seasoned group that strives to set the standard for corporate governance,” said Wine. “This is an exciting opportunity to contribute to Terex’s strategic growth while working with, and learning from, Ron DeFeo (Terex chairman and CEO), Chris Andersen (Terex lead director), and other directors and corporate leaders.”
Terex Corporation is a diversified global manufacturer reporting 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.
“Scott Wine has a proven track record of growing profitable industrial businesses, acquiring and integrating businesses and rapidly driving results,” said Terex chairman and CEO, Ronald M. DeFeo.
“We look forward to Mr. Wine’s contribution to board decision-making as Terex continues its development toward becoming a superb operating company,” commented Terex lead director and chairman of the governance and nominating committee, G. Chris Andersen.
Wine has served as the CEO of Polaris Industries Inc. since 2008. Prior to joining Polaris, Wine was president of Fire Safety Americas, part of the Fire & Security Division of United Technologies Corporation, and, prior to that time, held senior leadership positions at Danaher Corp. from 2003 to 2007. From 1996 to 2003, he held a number of operations and executive positions, both international and domestic, with Allied Signal Corp.’s Aerospace Division, which became Honeywell International in 1999. Wine began his career as an officer in the United States Navy. He holds a Master of Business Administration degree from the University of Maryland and a Bachelor of Science degree in economics from the United States Naval Academy.
