JCB Appoints First Chief Operating Officer, Names New President, CEO

Mon September 25, 2006 - National Edition

Matthew Taylor has been appointed JCB’s first chief operating officer in addition to his current role as managing director of JCB sales. He will be responsible for the day-to-day operations of JCB worldwide except for North and South America.

JCB’s North and South American operations will merge and come under the responsibility of Graeme Macdonald in his new role as president, JCB Inc. — The Americas, based in Savannah, GA.

Taylor and Macdonald will report to John Patterson, managing director and CEO, JCB, who will now devote more time to developing the group’s strategy in the Americas and Asia.

JCB’s five year plan is to almost double revenue to $4.5 billion.

Patterson, who also will become chairman of JCB Inc, said, “In the last five years we have become a truly global company and these management changes will ensure JCB achieves its ambitious long term goals.”

The changes are effective Jan. 1, 2007.