Astec Industries, Inc. Appoints Barry Ruffalo as its President and Chief Executive Officer, Effective August 12, 2019
July 23, 2019 at 07:00 am EDT
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Astec Industries, Inc. announced appointment of Mr. Barry Ruffalo as its President and Chief Executive Officer to be effective on August 12, 2019. Mr. Ruffalo has also been elected to the Board of Directors. Mr. Ruffalo will join the Board of directors as a Class I director and will stand for re-election at the Company's 2020 annual meeting.
On the effective date of Mr. Ruffalos appointment, Richard Dorris, Interim Chief Executive Officer, will resume his role as Chief Operating Officer.
Astec Industries, Inc. designs, engineers, manufactures, markets, and equipment and components used primarily in asphalt and concrete road building and related construction activities. Its Infrastructure Solutions segment designs, engineers, manufactures and markets a complete line of asphalt and concrete plants, components and ancillary equipment, and asphalt road construction equipment, industrial thermal systems, land clearing, recycling and other heavy equipment. Its Materials Solutions segment designs and manufactures heavy rock processing equipment, in addition to servicing and supplying parts for the aggregate, mining, recycling, ports and bulk handling markets. The Company's products are marketed both domestically and internationally primarily to asphalt producers; highway and heavy equipment contractors; utility contractors; sand and gravel producers; construction, demolition, recycle and crushing contractors; forestry and environmental recycling contractors, and others.