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Astec Industries, Inc. (ASTE)

NasdaqGS - NasdaqGS Real-time price. Currency in USD
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45.04-0.29 (-0.63%)
As of 09:43AM EST. Market open.

Astec Industries, Inc.

1725 Shepherd Road
Chattanooga, TN 37421
United States
423 899 5898

IndustryFarm & Heavy Construction Machinery
Full-time employees4,041

Key executives

NameTitlePayExercisedYear born
Mr. Jaco van der MerweCEO, Pres & Director584.36kN/A1973
Ms. Rebecca A. WeyenbergChief Financial Officer567.24kN/A1963
Mr. Anshu PasrichaGen. Counsel, Corp. Sec. & Chief Compliance Officer515.12kN/A1980
Mr. Timothy A. AverkampGroup Pres of Materials Solutions Group534.32kN/A1972
Ms. Jamie E. PalmVP, Chief Accounting Officer & Corp. ControllerN/AN/A1978
Mr. Sid VermaCTO and Pres of Digital & InnovationN/AN/A1980
Mr. Stephen C. AndersonSr. VP of Admin. & Investor RelationsN/AN/A1964
Mr. Mark RothSr. VP of Corp. Devel. & StrategyN/AN/A1975
Mr. Dave SchmitChief HR OfficerN/AN/A1969
Mr. Gregory G. OswaldSr. VP of Global Operational ExcellenceN/AN/A1965
Amounts are as of 31 December 2021, 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.


Astec Industries, Inc. designs, engineers, manufactures, and markets equipment and components used primarily in road building and related construction activities in the United States and internationally. 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, ready mix concrete producers, contractors in the construction and demolition recycling markets, and governmental 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. Astec Industries, Inc. was incorporated in 1972 and is headquartered in Chattanooga, Tennessee.

Corporate governance

Astec Industries, Inc.’s ISS governance QualityScore as of 1 February 2023 is 3. The pillar scores are Audit: 9; Board: 2; Shareholder rights: 5; Compensation: 1.

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.