Astec Appoints New Member to Board of Directors and Announces Retirement of Long Time Member
28 Julho 2023 - 5:15PM
Astec Industries, Inc. (Nasdaq: ASTE) announced the company’s board
of directors (the "Board") elected Mr. James (Jay) Winford, a new
independent director, effective as of July 27, 2023. Mr. Glen
Tellock, an independent director, informed the Board he desired to
retire as a member of the Board effective July 27, 2023. With the
election of Mr. Winford and the retirement of Mr. Tellock, the size
of the Board remains unchanged with 10 directors, 9 of whom are
independent directors. Mr. Winford will also serve as a member of
the Nominating and Corporate Governance Committee of the Board.
William Gehl, Chairman of Astec’s Board of
Directors, said, "We would like to thank Glen for his 17 years of
leadership and service on the Board. His contributions have been
numerous, and we wish him the best going forward." Mr. Gehl went on
to say, "We are pleased to welcome Jay to the Astec Board. Jay has
extensive experience in the asphalt paving industry both as a
professional engineer and business owner and operator. We look
forward to benefiting from his deep knowledge and expertise as we
continue to execute on our strategic priorities to drive
shareholder value."
Mr. Winford currently serves as the President of
Prairie Contractors, LLC, a privately held asphalt producer and
highway contractor located in Opelousas, Louisiana. The company
specializes in the production and construction of hot-mix asphalt
pavements and operates fixed based asphalt plants and aggregate
distribution facilities in south central and southwestern
Louisiana. Mr. Winford has a Master of Science degree in Civil
Engineering and Master of Business Administration degree, both from
Tulane University. He has a Ph.D. in Civil Engineering with a
concentration in Materials and Pavements, from Auburn University.
Mr. Winford serves on the National Asphalt Pavement Association
board, having recently served as its chairperson.
About Astec
Astec, (www.astecindustries.com), 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 include our aggregate processing equipment. For more
information, visit astecindustries.com and follow us on social
media.
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https://www.linkedin.com/company/astecindustries/Facebook
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https://www.youtube.com/channel/UCLev7VW5fjiq-2IfVXnM9SQ/aboutTwitter
@astecindustries
For Additional Information
Contact: Steve Anderson Senior Vice President of
Administration and Investor RelationsPhone: (423) 899-5898 Fax:
(423) 899-4456 E-mail: sanderson@astecindustries.com
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