Sources: Astec Industries Inc., Chattanooga, Tenn.; CP staff
The board of concrete and aggregate plant giant Astec Industries has promoted Jaco van der Merwe to president, chief executive officer and director. He shifts from Infrastructure Solutions Group president, a post he has held since 2019, and succeeds Barry Ruffalo, who has left the company.
Astec Chairman William Gehl credits van der Merwe’s seven-year internal track record and leadership in prior construction equipment industry positions, including with Atlas Copco, adding, “His knowledge of our Materials Solutions and Infrastructure Solutions markets and products makes Jaco uniquely suited to lead Astec to the next level of our Simplify, Focus and Grow journey. We also thank Barry Ruffalo for his efforts at Astec and wish him the best in his future endeavors.”
“Our company has a 50-year history of designing, engineering, manufacturing and servicing the most innovative, efficient and dependable equipment solutions within the Rock-to-Road segment of the construction industry,” affirms van der Merwe. “By working together with a dedicated focus on execution, we will create value for our shareholders, customers and employees.”
BMH rolls into in Astec ranks, joining Con-E-Co and RexCon
Astec observes 50th anniversary with captive Wall Street audience