Astec industries, inc. (nasdaq: aste) announces ceo transition

Chattanooga, tenn., jan. 06, 2023 (globe newswire) -- astec industries, inc. (nasdaq: aste) announced today barry ruffalo has stepped down as president and chief executive officer and as a member of the board of directors, effective immediately. the board has appointed jaco van der merwe to serve as president and chief executive officer and as a member of the astec industries board of directors. mr. van der merwe joined astec in 2016 as group president and currently serves as group president – infrastructure solutions, a role he assumed in 2019.
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