People: First Merchants Corp (FRME.OQ)
18 Oct 2019
Mr. Terry L. Walker is Independent Director of First Merchants Corporation. Mr. Walker is the retired Chair and CEO of Muncie Power Products, Inc. (“Muncie Power”), which is headquartered in Muncie, Indiana, where FMC’s principal office is located. Muncie Power and its parent, Interpump Group, S.p.A., an Italy-based public company, are the world’s largest manufacturer of power take-offs. They serve the truck equipment market by manufacturing and distributing mobile power components and systems, including hydraulic gear pumps, hydraulic reservoirs and other specialty products in addition to power take-offs. Mr. Walker retired from Muncie Power in December 2011, after serving seven years as the CEO and 34 years as an executive employee of that company. Mr. Walker is a certified public accountant and was a member of the accounting firm, Whitinger & Company, before joining Muncie Power. Mr. Walker chairs the Board’s Nominating and Governance Committee, and he also serves on the Board’s Risk and Credit Policy Committee.
|Total Annual Compensation, USD||--|
|Restricted Stock Award, USD||16,763|
|Long-Term Incentive Plans, USD||--|
|All Other, USD||95,272|
|Fiscal Year Total, USD||112,035|