Textron Inc. announced a change at the top of Bell Helicopter late Thursday as John Garrison, Bell’s CEO since 2009, was named president and CEO of Terex Corp.
Mitch Snyder, currently executive vice president of military business at the Fort Worth-based helicopter manufacturer, will take over as Bell’s president and CEO. Snyder joined Bell in 2004 and has overseen the V-22 Osprey tilt-rotor program. He previously worked for Lockheed Martin.
“Mitch steps into the leadership position during one of the most exciting times in Bell’s history,” said Scott Donnelly, chief executive of Bell’s parent company, Textron, in a statement.
“He will focus on extending the great success we’ve built for established programs like the V-22 and H-1 military programs, while also growing our strong pipeline of new products such as the 525 Relentless, 505 Jet Ranger X and the V-280 Valor — to name just a few,” he said.
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Garrison came to Bell after serving in other executive positions with Textron, which he joined in 2002. Under his watch, the company renovated and expanded its campus in far east Fort Worth in a $235 million makeover that added a new four-story headquarters building. The company consolidated its operations from various locations in Tarrant County, including moving its flight training academy from Alliance Airport.
But in the past two years, the company also cut hundreds of jobs as production of its V-22 Osprey slowed and commercial sales softened. In April, Bell said it would trim 1,100 jobs this year — about 12 percent of its workforce — including about 600 jobs in Fort Worth.
At that time, Bell had 4,600 employees in Fort Worth and 800 in Amarillo, where it builds the V-22 and other military products.
Terex Corp. is a construction equipment and material handling solutions company based in Westport, Conn. Garrison will be replacing its longtime chief executive, Ron DeFeo. He will begin his new job at Terex on Nov. 2.
This article includes material from Star-Telegram archives.