Eric Neilsen Joins Joy Global Inc. to Lead Strategic Planning and Acquisitions

Joy Global Inc. (NASDAQ: JOYG), a worldwide leader in high-productivity mining solutions, is pleased to announce that Eric Nielsen has joined the company as Executive Vice President, Business Development with primary responsibilities for strategic planning and acquisitions.

“I am pleased to welcome Eric to the Executive Leadership Team," said Mike Sutherlin, President and Chief Executive Officer of Joy Global. "An effective strategy and key acquisitions will play a major role in our future growth, and I feel very fortunate that Eric brings extensive knowledge and leadership experience in the mining industry to these important functions at Joy Global.”

Most recently, Mr. Nielsen was President of the Materials Processing and Mining Group of Terex Corporation. Prior to that, he was CEO of Volvo Construction Equipment’s Excavator Division, based in South Korea. He holds a Bachelor of Science degree in Mechanical Engineering from Michigan Technological University and an MBA with emphasis in Finance and International Business from the University of Chicago.

Mike Sutherlin added: “We can grow our business over the next several years by a combination of positioning ourselves in the highest growth segments of our markets, by continuing to introduce new products that safely increase productivity for our customers, and by acquiring product lines that are highly valued by our customers. Our ultimate success will be determined by our customer’s view of us as their most critical and best supplier. I am confident that Eric will deliver strong results against this measure.”