Astec Announces Chief Financial Officer Transition
2024年3月7日 - 9:00PM
Astec Industries, Inc. (NASDAQ:ASTE) (“Astec” or the “Company”)
today announced the appointment of Heinrich Jonker, Vice President
Finance – Infrastructure Solutions, as its Chief Financial Officer
on an interim basis, effective immediately. Mr. Jonker’s
appointment follows the decision by Rebecca A. Weyenberg, Chief
Financial Officer, to step down from her role as CFO. Mrs.
Weyenberg will remain employed by the company on an advisory basis
through April 30, 2024, to assist in the transition.
Astec’s Board of Directors has initiated a
search process to identify the Company’s next CFO and has retained
a nationally recognized search firm to assist in evaluating
candidates for the role.
Mr. Jonker has nearly twenty years of public
company experience and has served as Astec’s Vice President Finance
– Infrastructure Solutions for the last two years. Prior to that,
he held multiple leadership roles within the Finance organization
at Epiroc (formerly part of Atlas Copco), a global manufacturer of
equipment for the mining and infrastructure industries, including
most recently Vice President Controlling & Finance. Mr. Jonker
earned a Bachelor of Commerce in Financial Management from the
University of Johannesburg, South Africa, a Business Performance
Diploma from the Stockholm School of Economics and a Master of
Business Administration from Texas A&M University – Corpus
Christi.
Jaco van der Merwe, President and Chief
Executive Officer of Astec, said, “As we embark on this transition,
I am confident in the strength and depth of Astec’s finance
organization and in the Board’s selection of Heinrich as Interim
CFO. Heinrich has proven his strong finance acumen and leadership
abilities in his role as finance lead for our Infrastructure
Solutions segment and I look forward to working closely with him
over the coming months. We appreciate the many contributions Becky
has made to Astec, as we have worked to strengthen the Company’s
financial foundation and establish the strong momentum that we have
today. We wish her the best in her future endeavors.”
Mrs. Weyenberg’s departure is not related to the
Company’s financial or operating results or to any disagreement
with the Company regarding its financial, operational, accounting
or reporting policies or practices.
About ASTEC
Astec is a manufacturer of specialized equipment
for asphalt road building, aggregate processing and concrete
production. Astec's manufacturing operations are divided into two
primary business segments: Infrastructure Solutions that includes
road building, asphalt and concrete plants, thermal and storage
solutions; and Materials Solutions that includes our aggregate
processing equipment. Astec also operates a line of controls and
automation products designed to deliver enhanced productivity
through improved equipment performance.
For Additional Information Contact:
Steve AndersonSenior Vice President of Administration and
Investor RelationsPhone (423) 899-5898E-mail:
sanderson@astecindustries.com
Astec Industries (NASDAQ:ASTE)
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