Valmont Mourns the Passing of Longtime Board Member Walter Scott, Jr.

Rhea-AI Summary

Valmont Industries, Inc. (NYSE: VMI) announces the passing of longtime Board member Walter Scott, Jr., who served since April 1981. Scott was instrumental in Valmont's growth, offering strategic insights and mentorship. His contributions as an advisor and as Chairman of the Audit Committee are recognized by the company as significant to its success. Valmont expresses gratitude for his dedicated service and impact, highlighting the legacy he leaves behind for the company and community.

Positive

• Walter Scott, Jr. contributed to Valmont's growth and success for over 40 years.
• His strategic insights and mentorship positively influenced company direction.

Negative

• Walter's passing may create a gap in leadership and experience on the Board.

OMAHA, Neb.--(BUSINESS WIRE)-- Valmont Industries, Inc. (NYSE: VMI), a leading global provider of engineered products and services for infrastructure development and irrigation equipment and services for agriculture, today announced the recent passing of longtime Board member, Walter Scott, Jr.

Walter Scott, Jr. (Photo: Business Wire)

“It is with great sadness that I announce the passing of our friend and fellow Board Member, Walter Scott, Jr.,” said Mogens C. Bay, Valmont Chairman of the Board. “Walter served on the Valmont Board for more than forty years. He was an excellent advisor whose strategic insights and wise counsel were critical to our company’s growth and success. Walter leaves a legacy of leadership recognized by all of us who knew him, and touched many lives as a willing mentor and avid community supporter. His many contributions to Valmont will have a lasting impact for years to come. We are thankful for his dedicated service to our Board and for his guidance, wisdom and friendship. He will be deeply missed by the Valmont family.”

Scott served as an independent Valmont board member since April 1981 and was Chairman of the Audit Committee for many years.

About Valmont Industries, Inc.

For over 75 years, Valmont^® has been a global leader in creating vital infrastructure and advancing agricultural productivity. Today, we remain committed to doing more with less by innovating through technology. Learn more about how we’re Conserving Resources. Improving Life.^® at valmont.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210927005225/en/

Renee Campbell

+1.402.963.1057

Source: Valmont Industries, Inc.

FAQ

Who was Walter Scott, Jr. and what was his role at Valmont Industries?

Walter Scott, Jr. was a Board member of Valmont Industries since April 1981 and served as Chairman of the Audit Committee, providing critical strategic insights.

What impact might Walter Scott, Jr.'s passing have on Valmont Industries?

His passing may create a gap in leadership and experience, potentially affecting board dynamics and company strategies.

When did Walter Scott, Jr. join the Valmont Industries Board?

Walter Scott, Jr. joined the Valmont Industries Board in April 1981.

What legacy did Walter Scott, Jr. leave at Valmont Industries?

Walter Scott, Jr. left a legacy of leadership and strategic contributions that significantly shaped Valmont's growth and success.