OMAHA, Neb., June 26, 2017 /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 named Stephen G.
Kaniewski as President and Chief Executive Officer
effective December 31, 2017, the
first day of Valmont's fiscal 2018. Kaniewski will succeed
Mogens C. Bay, Valmont's Chairman
and CEO, who will become Executive Chairman on December 31, 2017, for a transitional
period.
"Steve Kaniewski is very well
prepared to lead Valmont into the future," said Mr. Bay. "His
broad experience with Valmont in information technology, operations
and general management gives me great confidence in handing over
the reins to him. He is a team oriented, effective leader and is
greatly respected throughout our organization. Steve is a
result-oriented executive with a keen sense of what needs to be
done to continue to drive profitable growth for our company. Our
company will be in good
hands."
Kaniewski has been Valmont's President and Chief Operating
Officer since October 2016. Prior to
that he was Group President of Valmont's Utility Support Structures
Segment. Steve joined Valmont in 2010 as Vice President,
Information Technology and also has held the position of Vice
President, Global Operations for the Irrigation Segment.
"Valmont is in great businesses, with leadership positions
around the world," said Steve
Kaniewski. "We operate in businesses with strong, long term
and global drivers. I am honored to have been chosen to lead the
company as we continue our growth while staying close to our proven
strategies. I look forward to leading all of our dedicated
employees and protecting the Valmont culture that has set us apart
in the marketplace."
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.
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SOURCE Valmont Industries, Inc.