Astec Industries, Inc. (NASDAQ: ASTE) Announces Materials Solutions Group President Transition
November 30 2023 - 4:03PM
Astec Industries, Inc. (Nasdaq: ASTE) announced today that Michael
Norris will now serve as Materials Solutions Group President. Mr.
Norris joined Astec Industries in January of 2018 as VP
International and currently serves as Senior Vice President –
International and Aftermarket Sales, a role he assumed in 2021.
Jaco van der Merwe, President and CEO, said, “Michael has been
an invaluable asset since joining in 2018 and we are excited to
announce his well-deserved appointment as our Group President for
Materials Solutions. He is a seasoned leader whose profound
knowledge of our Materials Solutions, Aftermarket and International
markets, services, and products position him as the ideal candidate
to drive innovation and guide our business forward.”
Mr. Norris commented, “I'm honored to step into the role of
Group President for our Materials Solutions segment. In my almost
six years with Astec, I've been continually inspired by the team’s
dedication and exceptional skills. I am eager to lead and
collaborate with this talented group. Together, we'll keep
innovating and achieving new successes, building on our strong
foundation. I'm grateful for the opportunity and look forward to
contributing to the continued growth and excellence of Astec."
About Michael NorrisMichael Norris joined the
Company in January of 2018, bringing a wealth of experience and
knowledge from an impressive 28-year career in the Mining and
Construction industry. During his tenure in the sector, he held
various leadership roles at industry giants, including Sandvik
Mining & Construction and Kobelco America (now CNH). Mr. Norris
has a Bachelor of Science in Mechanical Engineering from Auburn
University and a Master of Business Administration from Kennesaw
State University. Mr. Norris is also active in the community as the
Chair Board member of a non-profit organization, the Bethlehem
Center, based in Chattanooga, Tennessee.
About AstecAstec, (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.
Safe Harbor Statements under the Private Securities
Litigation Reform Act of 1995This News Release contains
forward-looking statements within the meaning of the Securities Act
of 1933, as amended, the Securities Exchange Act of 1934, as
amended, and the Private Securities Litigation Reform Act of 1995.
Such statements relate to, among other things, income, earnings,
cash flows, changes in operations, operating improvements,
businesses in which we operate and the United States and global
economies. Statements in News Release that are not historical are
hereby identified as "forward-looking statements" and may be
indicated by words or phrases such as "anticipates," "supports,"
"plans," "projects," "expects," "believes," "should," "would,"
"could," "hope," "forecast," "management is of the opinion," use of
the future tense and similar words or phrases. These
forward-looking statements are based largely on management's
expectations, which are subject to a number of known and unknown
risks, uncertainties and other factors discussed and described in
our most recent
Annual Report on Form 10-K, including those risks described in
Part I, Item 1A. Risk Factors thereof, and in other reports filed
subsequently by us with the Securities and Exchange Commission,
which may cause actual results, financial or otherwise, to be
materially different from those anticipated, expressed or implied
by the forward-looking statements. All forward-looking statements
included in this document are based on information available to us
on the date hereof, and we assume no obligation to update any such
forward-looking statements to reflect future events or
circumstances, except as required by law.
For more information, visit astecindustries.com and follow us on
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Contact:Stephen C. AndersonSenior Vice
President, Investor Relationssanderson@astecindustries.com+1 (423)
899-5898www.astecindustries.com
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