SEGUIN, Texas, Nov. 20, 2017 /PRNewswire/ -- Alamo Group
Inc. (NYSE: ALG) today announced that Gary
L. Martin will retire from the Board of Directors effective
November 30, 2017, due to personal
reasons.
Mr. Martin joined the Board in 2007 and has served as its
Chairman since January 5, 2016.
During his tenure as a Director, he has made significant
contributions to Alamo Group's continued growth and success.
Ron Robinson, Alamo Group's
President and CEO, will serve as interim Chairman until a successor
is named.
Ron Robinson said, "We will
definitely miss Gary and would like to express our sincere thanks
for his thoughtful leadership, meaningful contributions and his
absolute commitment to doing what is right for our shareholders and
our other company stakeholders."
Mr. Martin offered the following comments: "It has been a
sincere pleasure serving on the Board of Alamo Group Inc. and most
recently as its Chairman. I would like to wish Alamo Group
every success in the future."
About Alamo Group
Alamo Group is a leader in the design, manufacture, distribution
and service of high quality equipment for infrastructure
maintenance, agriculture and other applications. Our products
include truck and tractor mounted mowing and other vegetation
maintenance equipment, street sweepers, snow removal equipment,
excavators, vacuum trucks, other industrial equipment, agricultural
implements and related after-market parts and services. The
Company, founded in 1969, has approximately 3,300 employees and
operates 26 plants in North
America, Europe,
Australia and Brazil as of September
30, 2017. The corporate offices of Alamo Group Inc.
are located in Seguin, Texas and
the headquarters for the Company's European operations are located
in Salford Priors, England.
Forward Looking Statements
This release contains forward-looking statements that are
made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements involve known and unknown risks and uncertainties, which
may cause the Company's actual results in future periods to differ
materially from forecasted results. Among those factors which could
cause actual results to differ materially are the following: market
demand, competition, weather, seasonality, currency-related issues,
acquisition integration issues and other risk factors listed from
time to time in the Company's SEC reports. The Company does
not undertake any obligation to update the information contained
herein, which speaks only as of this date.
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SOURCE Alamo Group Inc.