Astec Industries, Inc. (NASDAQ: ASTE) has announced the appointment of Brian J. Harris as its new Chief Financial Officer, effective immediately. Harris previously served as the Executive Vice President and CFO of Summit Materials, Inc. from October 2013 to February 2023. Before Summit, he was the Executive Vice President and CFO of Bausch + Lomb Corporation from 2009 to 2013, and held various positions at the Gates Corporation from 1996 to 2009.
Jaco van der Merwe, President and CEO of Astec, expressed excitement about Harris joining the team, highlighting his executive experience and industry participation. Van der Merwe also thanked Heinrich Jonker for his contributions as interim CFO and mentioned being optimistic about Astec's future with Harris on the executive team.
Astec Industries, Inc. is a manufacturer of specialized equipment for asphalt road building, aggregate processing, and concrete production. Its operations are divided into two primary business segments: infrastructure solutions, encompassing road building, asphalt and concrete plants, thermal and storage solutions, and materials solutions, including aggregate processing equipment. Astec also offers controls and automation products designed to enhance productivity through improved equipment performance. The market has reacted to these announcements by moving the company's shares -1.6% to a price of $30.47. If you want to know more, read the company's complete 8-K report here.
