Alamo group announces prospective change in segment reporting, executive leadership appointments, and enhanced focus on sustainability

Seguin, texas, july 19, 2021 /prnewswire/ -- alamo group inc. (nyse: alg) today announced the following segment reporting change and executive leadership appointments: realignment of the agricultural division and industrial division into the vegetation management division and industrial equipment division, to take effect at the beginning of the fourth quarter of 2021 appointment of rick raborn as the executive vice-president of the vegetation management division appointment of michael haberman as the executive vice-president of the industrial equipment division dan malone will transition from his position as the company's executive vice-president and chief financial officer into the newly created executive vice-president and chief sustainability officer role appointment of richard wehrle as executive vice-president and chief financial officer beginning with the fourth quarter of 2021, alamo group will report business results in two new segments, namely, the vegetation management division and the industrial equipment division.  the vegetation management division will include all of the operations of the former agricultural division plus the mowing and forestry/tree care operations that were previously part of the former industrial division, including the recently acquired morbark and dutch power business units.
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