OMAHA, Neb., Sept. 2, 2016 /PRNewswire/ -- Valmont
Industries, Inc. (NYSE: VMI), a leading
global provider of engineered products and services for
infrastructure development and mechanized irrigation equipment and
services for agriculture, announced today that its board of
directors has promoted Stephen G.
Kaniewski to the position of President and Chief Operating
Officer of Valmont. The appointment is effective October 1, 2016. Kaniewski will become
responsible for the daily operations of Valmont and will be
reporting to Mogens Bay, Valmont's Chairman and Chief Executive
Officer.
"Steve is a seasoned executive with a passion for operational
excellence," said Mr. Bay. "His global experience, leadership
skills and strategic thinking will be pivotal in driving Valmont's
continued success."
Kaniewski has been Group President of Valmont's Utility Support
Structures Segment since August, 2015, where under his leadership
the utility team successfully transformed its operating model.
Prior to that, he was the Utility group's Senior Vice President and
Managing Director. Steve joined Valmont in 2010 as Vice
President-Information Technology and has held the position of Vice
President-Global Operations for the Irrigation Segment.
Kaniewski is a graduate of Santa Clara
University with a BS in Sociology and currently serves as
the Chairman of the Board of the AIM Institute in Omaha, a not-for-profit organization dedicated
to promoting vibrant communities through technology.
Valmont is a global leader, designing and manufacturing highly
engineered products that support global infrastructure development
and agricultural productivity. Its products for infrastructure
serve highway, transportation, wireless communication, electric
transmission, and industrial construction and energy markets. Its
mechanized irrigation equipment for large scale agriculture
improves farm productivity while conserving fresh water resources.
In addition, Valmont provides coatings services that protect
against corrosion and improve the service lives of steel and other
metal products.
This release contains forward-looking statements, within the
meaning of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements are based on assumptions that
management has made in light of experience in the industries in
which Valmont operates, as well as management's perceptions of
historical trends, current conditions, expected future developments
and other factors believed to be appropriate under the
circumstances. As you read and consider this release, you should
understand that these statements are not guarantees of performance
or results. They involve risks, uncertainties (some of which are
beyond Valmont's control) and assumptions. Although management
believes that these forward-looking statements are based on
reasonable assumptions, you should be aware that many factors could
affect Valmont's actual financial results and cause them to differ
materially from those anticipated in the forward-looking
statements. These factors include among other things, risk factors
described from time to time in Valmont's reports to the Securities
and Exchange Commission, as well as future economic and market
circumstances, industry conditions, company performance and
financial results, operating efficiencies, availability and price
of raw material, availability and market acceptance of new
products, product pricing, domestic and international competitive
environments, and actions and policy changes of domestic and
foreign governments. The Company cautions that any forward-looking
statement included in this press release is made as of the date of
this press release and the Company does not undertake to update any
forward-looking statement.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/valmont-appoints-steve-kaniewski-as-chief-operating-officer-300322070.html
SOURCE Valmont Industries, Inc.