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Astec Industries, Inc. (NASDAQ: ASTE) Announces Brian J. Harris as New Chief Financial Officer

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Astec Industries, Inc. (Nasdaq: ASTE) has appointed Brian J. Harris as its new Chief Financial Officer, effective immediately. Harris brings extensive experience to the role, having previously served as Executive Vice President and CFO of Summit Materials, Inc. from 2013 to 2023, and in similar positions at Bausch + Lomb and Gates

Heinrich Jonker, who served as Interim CFO, will step down from this role but continue as Vice President Finance – Infrastructure Solutions at Astec. CEO Jaco van der Merwe expressed confidence in Harris's leadership and industry experience, stating that his addition will help guide Astec's finance organization and contribute to the company's future growth.

Astec Industries, Inc. (Nasdaq: ASTE) ha nominato Brian J. Harris nuovo Chief Financial Officer, con effetto immediato. Harris porta una vasta esperienza nel ruolo, avendo precedentemente ricoperto la posizione di Executive Vice President e CFO di Summit Materials, Inc. dal 2013 al 2023, e in posizioni simili presso Bausch + Lomb e Gates.

Heinrich Jonker, che ha ricoperto il ruolo di CFO ad interim, passerà a un'altra posizione ma continuerà come Vice President Finance – Infrastructure Solutions in Astec. Il CEO Jaco van der Merwe ha espresso fiducia nella leadership e nell'esperienza di Harris nel settore, affermando che la sua aggiunta aiuterà a guidare l'organizzazione finanziaria di Astec e contribuirà alla crescita futura dell'azienda.

Astec Industries, Inc. (Nasdaq: ASTE) ha designado a Brian J. Harris como su nuevo Director Financiero, con efecto inmediato. Harris aporta una extensa experiencia al cargo, habiendo ocupado anteriormente el cargo de Vicepresidente Ejecutivo y CFO de Summit Materials, Inc. desde 2013 hasta 2023, y en posiciones similares en Bausch + Lomb y Gates.

Heinrich Jonker, que ocupaba el cargo de CFO interino, dejará este puesto, pero continuará como Vicepresidente de Finanzas – Soluciones de Infraestructura en Astec. El CEO Jaco van der Merwe expresó confianza en el liderazgo y la experiencia de Harris en la industria, afirmando que su incorporación ayudará a guiar la organización financiera de Astec y contribuirá al crecimiento futuro de la empresa.

Astec Industries, Inc. (Nasdaq: ASTE)는 Brian J. Harris를 새로운 최고 재무 책임자로 임명했습니다, 즉시 효력이 발생합니다. Harris는 2013년부터 2023년까지 Summit Materials, Inc.의 부사장 겸 CFO로 근무한 경험이 있으며, Bausch + Lomb와 Gates에서도 유사한 직책을 역임한 바 있습니다.

Interim CFO로 일했던 Heinrich Jonker는 이 직책을 내려놓으나 Astec의 인프라 솔루션 부서 재무 부사장으로 계속 근무할 것입니다. CEO Jaco van der Merwe는 Harris의 리더십과 업계 경험에 대한 신뢰를 표명하며, 그의 합류가 Astec의 재무 조직을 안내하고 회사의 미래 성장에 기여할 것이라고 언급했습니다.

Astec Industries, Inc. (Nasdaq: ASTE) a nommé Brian J. Harris comme nouveau Directeur Financier, avec effet immédiat. Harris apporte une vaste expérience au rôle, ayant précédemment été Vice-président Exécutif et CFO de Summit Materials, Inc. de 2013 à 2023, et a occupé des postes similaires chez Bausch + Lomb et Gates.

Heinrich Jonker, qui a occupé le poste de CFO par intérim, va quitter ce rôle mais continuera en tant que Vice-président Finances – Solutions d'Infrastructure chez Astec. Le CEO Jaco van der Merwe a exprimé sa confiance dans le leadership et l'expérience sectorielle de Harris, déclarant que son ajout aidera à guider l'organisation financière d'Astec et contribuera à la croissance future de l'entreprise.

Astec Industries, Inc. (Nasdaq: ASTE) hat Brian J. Harris als neuen Chief Financial Officer ernannt, mit sofortiger Wirkung. Harris bringt umfangreiche Erfahrung in diese Rolle ein, da er zuvor von 2013 bis 2023 als Executive Vice President und CFO bei Summit Materials, Inc. tätig war und ähnliche Positionen bei Bausch + Lomb und Gates innehatte.

Heinrich Jonker, der als Interim CFO tätig war, wird von dieser Rolle zurücktreten, jedoch weiterhin als Vice President Finance – Infrastructure Solutions bei Astec tätig sein. CEO Jaco van der Merwe drückte sein Vertrauen in Harris' Führung und Branchenerfahrung aus und erklärte, dass seine Addition dazu beitragen wird, die Finanzorganisation von Astec zu leiten und zum zukünftigen Wachstum des Unternehmens beizutragen.

Positive
  • Appointment of experienced CFO Brian J. Harris with relevant industry background
  • Continuity in leadership with Heinrich Jonker remaining in a key finance role
Negative
  • None.

CHATTANOOGA, Tenn., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (Nasdaq: ASTE) (“Astec” or the “Company”) today announced the appointment of Brian J. Harris as its Chief Financial Officer, effective immediately. In connection with the appointment of Mr. Harris, Heinrich Jonker will step down from his role as Interim Chief Financial Officer and will continue to serve as Vice President Finance – Infrastructure Solutions of the Company.

Mr. Harris previously served as Executive Vice President and Chief Financial Officer of Summit Materials, Inc. (NYSE: SUM) (“Summit”), a leading producer of aggregates and cement, from October 2013 to February 2023. Prior to his role at Summit, Mr. Harris served as Executive Vice President and Chief Financial Officer of Bausch + Lomb Corporation, an eye health products company, from 2009 to 2013. Prior to joining Bausch + Lomb, Mr. Harris held positions in various capacities at the Gates Corporation from 1996 to 2009. Mr. Harris earned his Bachelor of Accounting degree from Glasgow University.

Jaco van der Merwe, President and Chief Executive Officer of Astec, said, “We are excited about the addition of Brian to the Astec team. He brings a valuable combination of executive experience and long-time participation in our industry. I am confident that Brian’s leadership will continue to help guide our strong and deep finance organization at Astec. I also want to thank Heinrich for his significant contributions to Astec during his recent tenure as Interim Chief Financial Officer. We are excited about Astec’s future and look forward to Brian’s contributions to our executive team.”

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. Astec also operates a line of controls and automation products designed to deliver enhanced productivity through improved equipment performance.

For more information, visit astecindustries.com and follow us on social media.

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https://www.youtube.com/channel/UCLev7VW5fjiq-2IfVXnM9SQ/about
Twitter @astecindustries

Contact:
Stephen C. Anderson
Senior Vice President, Investor Relations
sanderson@astecindustries.com
+1 (423) 899-5898
www.astecindustries.com


FAQ

Who is the new CFO of Astec Industries (ASTE)?

Brian J. Harris has been appointed as the new Chief Financial Officer of Astec Industries (ASTE), effective immediately.

What is Brian J. Harris's previous experience before joining Astec Industries (ASTE)?

Brian J. Harris previously served as Executive Vice President and CFO of Summit Materials, Inc. from 2013 to 2023, and held similar positions at Bausch + Lomb and Gates

What happened to Astec Industries' (ASTE) Interim CFO Heinrich Jonker?

Heinrich Jonker will step down as Interim CFO but will continue to serve as Vice President Finance – Infrastructure Solutions at Astec Industries (ASTE).

When did Brian J. Harris join Astec Industries (ASTE) as CFO?

Brian J. Harris joined Astec Industries (ASTE) as Chief Financial Officer on October 7, 2024, effective immediately.

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