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United States

Valmont Industries Inc (VMI)

VMI on New York Consolidated

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24 May 2017
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Summary

Name Age Since Current Position

Mogens Bay

68 1997 Chairman of the Board, Chief Executive Officer

Steven Kaniewski

45 2016 President, Chief Operating Officer

Mark Jaksich

59 2016 Chief Financial Officer, Executive Vice President, Corporate Secretary

Barry Ruffalo

47 2015 Executive Vice President

Timothy Francis

40 2014 Chief Accounting Officer, Vice President, Controller

Vanessa Brown

64 2011 Senior Vice President - Human Resources

John Kehoe

47 2014 Vice President - Information Technology

Kenneth Stinson

74 2011 Lead Independent Director

Kaj den Daas

67 2004 Independent Director

Theodor Freye

68 2015 Independent Director

James Milliken

60 2011 Independent Director

Daniel Neary

65 2005 Independent Director

Catherine Paglia

65 2012 Independent Director

Clark Randt

71 2009 Independent Director

Walter Scott

85 1981 Independent Director

Jeffrey Laudin

IR Contact Officer

Biographies

Name Description

Mogens Bay

Mr. Mogens C. Bay is Chairman of the Board, Chief Executive Officer of Valmont Industries Inc., since January 1997. He was President and Chief Executive Officer of the Company from August 1993 through December 1996. Mr. Bay currently serves as a director of Peter Kiewit Sons', Inc. and previously served as a director of ConAgra Foods, Inc. Mr. Bay is the only Valmont officer who serves on the Company's board of directors. Mr. Bay's 38 years of experience with Valmont provides an extensive knowledge of Valmont's operating companies and its lines of business, its long-term strategies and domestic and international growth opportunities. Mr. Bay has served as a director of the Company since October 1993.

Steven Kaniewski

Mr. Steven G. Kaniewski has been appointed as President, Chief Operating Officer of the Company., effectiveOctober 1, 2016. Mr. Kaniewski Joined Valmont in August 2010 as Vice President-Information Technology, and later in January 2014 moved into the Vice President-Global Operations role for the Irrigation segment. In January 2015, he transferred to the Utility Support Structures segment as Senior Vice President and Managing Director and in August 2015 became Group President of Utility Support Structures segment.

Mark Jaksich

Mr. Mark C. Jaksich is Chief Financial Officer, Executive Vice President, Corporate Secretary of the Company. Mr. Mark's career with Valmont spans 30 years including positions as controller for the international division, director of internal audit and a number of other accounting positions. For the past 14 years, Mark has served as the Company's Chief Accounting Officer in the role of Vice President and Corporate Controller. Mark is a Certified Public Accountant and holds Bachelor of Science in Accounting and Masters in Business Administration degrees from the University of Nebraska at Omaha.

Barry Ruffalo

Mr. Barry A. Ruffalo is an Executive Vice President of the Company. He was a Group President of various divisions of Lindsay Corporation, an irrigation and infrastructure manufacturer, between 2007 and March 2015.

Timothy Francis

Mr. Timothy Francis is Chief Accounting Officer, Vice President, Controller of the Company. Mr. Francis served as Chief Financial Officer of Burlington Capital Group LLC (“BCG”) and America First Multifamily Investors, L.P. (“ATAX”), a NASDAQ listed Limited Partnership in which BCG serves as the General Partner, from January 2012 to May 2014.

Vanessa Brown

Ms. Vanessa K. Brown is Vice President - Human Resources of Valmont Industries, Inc., since July 11, 2011. She was Director of Human Resources of North America Engineered Support Structures division from 1997 until 2011.

John Kehoe

Mr. John A. Kehoe is Vice President - Information Technology of the company, since June 2014. He was a senior information technology executive at Rockwell Collins, an aerospace and defense contractor and manufacturer, from 2004 - 2014.

Kenneth Stinson

Mr. Kenneth E. Stinson is Lead Independent Director of Valmont Industries Inc. He is currently Chairman Emeritus of Peter Kiewit Sons', Inc. (construction and mining). Mr. Stinson was Chairman of Peter Kiewit Sons' Inc. from March 1998 to December 2012. He was Chief Executive Officer of Peter Kiewit Sons', Inc. from 1998 to 2005. He previously served as Chairman and CEO of Kiewit Construction Group, Inc. Peter Kiewit Sons', Inc. revenues were in excess of $9 billion in 2016. Mr. Stinson also serves as a director of McCarthy Group LLC and was previously a director of ConAgra Foods, Inc. Mr. Stinson has a civil engineering degree and had management responsibility at Kiewit for the construction of highways, bridges, transit systems, power plants and refineries for commercial, industrial and governmental customers. His extensive experience in the United States infrastructure business aids the board's oversight of Valmont's engineered support structures segment and utility support structures segment. Mr. Stinson has served as a director of the Company since December 1996.

Kaj den Daas

Mr. Kaj den Daas is an Independent Director of Valmont Industries Inc. He was CEO of TCP International Holdings, Ltd. (lighting products manufacturer) from July 2015 to October 2016. Mr. den Daas retired in 2009 as Executive Vice President of Philips Lighting B.V. of the Netherlands (manufacturer of lighting fixtures and related components) and Chairman of its North American Lighting Operations. Mr. den Daas was responsible for oversight of the manufacturing, distribution, sales and marketing of Philips products in the United States, Canada and Mexico, with prior Philips experience in the Asia Pacific area. He previously served on the board of directors of Lighting Science Group Corp. Mr. den Daas, a native of the Netherlands, has more than 35 years of international experience in the lighting industry. His extensive international business experience provides value to the Valmont board of directors. Mr. den Daas has been a director of the Company since October 2004.

Theodor Freye

Dr. Theodor Werner Freye is an Independent Director of the Company. Dr. Freye is retired in October 2014 as CEO of CLAAS KgaA, a $4.5 billion family owned agricultural machinery firm headquartered in Germany. Mr. Freye, a native of Germany, has more than 30 years of international machinery experience. He holds a Master's Degree in Mechanical Engineering and a Ph.D. in Agricultural Science. His extensive international business experience and engineering background provides value to the Valmont board of directors. Mr. Freye has served as a director of the Company since June 2015.

James Milliken

Mr. James B. Milliken is an Independent Director of Valmont Industries, Inc. He has been Chancellor of the City University of New York since June 2014. CUNY is the nation's largest urban public university with 275,000 students pursuing degrees on 24 campuses in New York City and another 250,000 adult and continuing education students. CUNY has an annual operating budget of over $4 billion. Mr. Milliken was President of the University of Nebraska from August 2004 to May 2014; the University of Nebraska has an annual budget of approximately $2.5 billion. Mr. Milliken has a law degree from New York University and practiced law on Wall Street before his academic career. He has led the development of research and education programs in China, India, Brazil and other countries. He is a member of the Council on Federal Relations and the Executive Committee on the Council on Competitiveness. He has chaired commissions on innovation and economic competitiveness for the Association of Public and Land-grant universities and the Council on Competitiveness. Mr. Milliken's experience in managing large organizations which work closely with business and industry and in countries around the world provides value to the Valmont board of directors as the Company grows internationally. Mr. Milliken has served as a director of the Company since December 2011.

Daniel Neary

Mr. Daniel P. Neary is an Independent Director of Valmont Industries Inc. He has been Chairman of Mutual of Omaha (full service and multi-line provider of insurance and financial services) since December 2004. Mr. Neary served as CEO of Mutual from 2004 - 2015. Mutual of Omaha's revenues were in excess of $7 billion in 2016. He was previously President of the Group Insurance business unit of Mutual of Omaha. Mr. Neary's training as an actuary and knowledge of the financial services industry provides valuable background for board oversight of the Company's accounting matters. His experience in strategic development and risk assessment for the Mutual of Omaha insurance companies are well suited to membership on Valmont's board of directors. Mr. Neary has been a director of the Company since December 2005.

Catherine Paglia

Ms. Catherine James Paglia is an Independent Director of Valmont Industries, Inc. Ms. Paglia has been a director of Enterprise Asset Management, Inc., a New York based privately-held real estate and asset management company since September 1998. Ms. Paglia previously spent eight years as a managing director at Morgan Stanley, ten years as a managing director of Interlaken Capital, and served as chief financial officer of two public corporations. Ms. Paglia serves on the board of directors of the Columbia Funds and is a member of the board of trustees of the Carnegie Endowment for International Peace. Her extensive Wall Street experience and prior service as a chief financial officer of public companies provide an excellent background for membership on Valmont's Audit Committee. Ms. Paglia has served as a director of the Company since February 2012.

Clark Randt

Amb. Clark T. Randt, Jr., is an Independent Director of Valmont Industries Inc. He is currently President of Randt & Co. LLC (business consulting) and lived and worked in Asia for more than thirty-five years. Ambassador Randt served as the United States Ambassador to the People's Republic of China from July 2001 to January 2009. He currently serves as a director of United Parcel Service, Inc., Qualcomm Incorporated and Wynn Resorts Ltd. Ambassador Randt was formerly a partner with the international law firm of Shearman & Sterling in Hong Kong where he headed the firm's China practice. Ambassador Randt is a member of the New York bar association and was admitted to the Hong Kong bar association and has over 25 years of experience in cross-border corporate and finance transactions. He is a member of the Council on Foreign Relations. His international experience and knowledge of Asian business operations and experience with U.S. investment in China serves the Company well as it expands its operations in Asia. Ambassador Randt has served as a director of the Company since February 2009.

Walter Scott

Mr. Walter Scott, Jr., is an Independent Director of Valmont Industries Inc. Mr. Scott was Chairman of Level 3 Communications from 1998 - 2014. Mr. Scott is a director of Berkshire Hathaway, Inc. and Berkshire Hathaway Energy. He previously served as a director of Commonwealth Telephone Enterprises and Burlington Resources. Mr. Scott is a civil engineer with management experience of infrastructure construction operations at Kiewit. His extensive board experience provides a valuable resource of strategic and oversight input to the Valmont board of directors. He has served as a director of the Company since April 1981.

Jeffrey Laudin

Basic Compensation

Name Fiscal Year Total

Mogens Bay

5,441,290

Steven Kaniewski

1,607,260

Mark Jaksich

1,623,580

Barry Ruffalo

1,369,940

Timothy Francis

--

Vanessa Brown

786,420

John Kehoe

697,608

Kenneth Stinson

260,032

Kaj den Daas

230,032

Theodor Freye

214,629

James Milliken

225,472

Daniel Neary

246,032

Catherine Paglia

234,472

Clark Randt

232,972

Walter Scott

238,472

Jeffrey Laudin

--
As Of  30 Dec 2016