New president, CEO at Astec Industries
Astec Industries named Barry Ruffalo president and CEO, effective Aug. 12.
In a corresponding move, interim CEO Richard Dorris will resume his role as COO.
“After a comprehensive search that included a number of highly qualified candidates, we are excited to hire Mr. Ruffalo,” says 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.”
Ruffalo was also elected to the company’s board of directors. He will join the board as a Class I director and stand for re-election at the company’s 2020 annual meeting.
Prior to his appointment, Ruffalo was employed at Valmont Industries, a publicly-traded producer of fabricated metal products. He served there in group president roles since 2016, having previously served as executive vice president of operational excellence.
Prior to Valmont Industries, Ruffalo worked for Lindsay Corp., a publicly-traded company in proprietary water management and road infrastructure products and services.
“I am excited to join Astec as its CEO and a member of the board of directors,” Ruffalo says. “I look forward to moving forward with measures to make Astec more profitable and agile while building on the strength of its world-class products.”
Ruffalo’s hiring comes several months after the departure of former president and CEO Benjamin Brock. Brock resigned from those positions, as well as a member of Astec’s board of directors, in January.
