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Astec Industries, Inc. (ASTE)

NasdaqGS - NasdaqGS Real-time price. Currency in USD
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33.56+0.02 (+0.06%)
At close: 04:00PM EDT
33.95 +0.39 (+1.16%)
After hours: 07:33PM EDT

Astec Industries, Inc.

1725 Shepherd Road
Chattanooga, TN 37421
United States
423 899 5898
https://www.astecindustries.com

Sector(s)Industrials
IndustryFarm & Heavy Construction Machinery
Full-time employees4,322

Key executives

NameTitlePayExercisedYear born
Mr. Jaco G. van der MerweCEO, President & Director1.99MN/A1973
Mr. Timothy A. AverkampGroup President of Materials Solutions Group511.02kN/A1972
Mr. Michael NorrisGroup President of Materials Solutions and Senior VP of International & Aftermarket Sales746.4kN/A1969
Barend SnymanGroup President of Infrastructure607.35kN/AN/A
Mr. Heinrich JonkerInterim Chief Financial OfficerN/AN/AN/A
Ms. Jamie E. PalmVP, Chief Accounting Officer & Corporate ControllerN/AN/A1979
Mr. Siddharth VermaCTO and President of Digital & InnovationN/AN/A1980
Mr. Stephen C. AndersonSenior VP of Administration, Investor Relations & Corporate Secretary410.38kN/A1964
Ms. Aletheia D. SilcottGlobal Vice President of Human ResourcesN/AN/A1983
Mr. Ben SnymanGroup President of InfrastructureN/AN/A1973
Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Astec Industries, Inc. designs, engineers, manufactures, and markets equipment and components used primarily in road building and related construction activities worldwide. The company operates in two segments, Infrastructure Solutions and Materials Solutions. The Infrastructure Solutions segment offers asphalt plants and related components, heaters, concrete dust control systems, asphalt pavers, vaporizers, concrete material handling systems, screeds, heat recovery units, paste back-fill plants, asphalt storage tanks, hot oil heaters, bagging plants, fuel storage tanks, industrial and asphalt burners and systems, custom batch plants, material transfer vehicles, soil stabilizing-reclaiming machinery, blower trucks and trailers, milling machines, soil remediation plants, wood chippers and grinders, pump trailers, concrete batch plants, control systems, liquid terminals, storage equipment and related parts, construction and retrofits, polymer plants, and concrete mixers, as well as engineering and environmental permitting services. This segment provides its products to asphalt producers; highway and heavy equipment contractors; utility contractors; sand and gravel producers; construction, demolition, recycle and crushing contractors; forestry and environmental recycling contractors; mine and quarry operators; port and inland terminal authorities; power stations; and domestic and foreign government agencies. The Materials Solutions segment designs and manufactures crushing equipment, mobile plants, bulk material handling solutions, vibrating equipment, screening equipment, electrical control centers, modular plants and systems, conveying equipment, plant automation products, portable plants, and mineral processing equipment, as well as offers consulting and engineering services. The company was incorporated in 1972 and is headquartered in Chattanooga, Tennessee.

Corporate governance

Astec Industries, Inc.’s ISS governance QualityScore as of 1 May 2024 is 2. The pillar scores are Audit: 2; Board: 2; Shareholder rights: 4; Compensation: 2.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.