TEREX CORP (TEX)
Sector: Industrials
Sector: Industrials
TEREX CORP - Executive Compensation
President, Environmental Solutions
Executive Compensation
Patrick Carroll serves as President of Environmental Solutions at Terex Corporation, leading a division that specializes in advanced equipment for waste management, recycling, and materials processing. With more than 25 years of experience in the heavy machinery and environmental technology sectors, Patrick has established himself as a visionary leader focused on sustainable innovation. He holds a Bachelor of Science in Mechanical Engineering from Purdue University and an MBA from the Kellogg School of Management, credentials that have underpinned his rapid ascent in the industry. Prior to joining Terex in 2016, Patrick held progressive leadership roles at Caterpillar Inc., where he spearheaded global product development initiatives that boosted operational efficiencies and reduced environmental impact for mining and construction clients. As Vice President of Global Operations, he drove a 30% increase in market penetration for eco-friendly machinery lines. At Terex, Patrick has transformed the Environmental Solutions segment, achieving record revenues through strategic acquisitions, such as the integration of advanced screening and shredding technologies, and launching proprietary low-emission systems that align with stringent global sustainability regulations. Under Patrick's stewardship, the division has expanded its footprint with new manufacturing facilities in Europe and Asia, fostering key partnerships with waste management leaders worldwide. His achievements include pioneering digital twin technology for predictive maintenance, which has cut downtime by 25% across customer fleets, and championing Terex's commitment to net-zero goals by 2050. Patrick's strategic acumen continues to position Terex at the forefront of the circular economy.