Astec Industries appoint new president and CEO
Barry Ruffalo appointed as president and chief executive officer and elected to Astec board of directors
ASTEC Industries Inc., manufacturers of specialized equipment for asphalt road building, aggregate processing, diversified industrial applications and concrete production, have appointed Barry Ruffalo as their president and chief executive officer, effective 12 August 2019, whereupon interim CEO Richard Dorris will resume his role as chief operating officer.
Mr Ruffalo (pictured) will also join Astec’s board of directors as a Class I director and will stand for re-election at the company’s 2020 annual meeting.
Prior to his appointment, Mr Ruffalo was employed by Valmont Industries, the diversified global producers of highly engineered fabricated metal products, where he had served in group president roles since 2016, having previously served as the company’s executive vice-president of operational excellence, beginning in 2015.
Prior to Valmont Industries, Mr Ruffalo was employed by Lindsay Corporation, one of the global leaders in proprietary water-management and road infrastructure products and services.
‘After a comprehensive search that included a number of highly qualified candidates, we are excited to hire Mr Ruffalo,’ said Bill Gehl, chairman of Astec. ‘Barry brings a wealth of experience to Astec. He is a leader that has driven change, understands infrastructure and will add tremendous value.’
Mr Ruffalo said: ‘I am excited to join Astec as its chief executive officer and a member of the board of directors. I look forward to moving forward with measures to make Astec more profitable and agile while building on the strength of their world-class products.’