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United States

Astec Industries Inc (ASTE.OQ)

ASTE.OQ on NASDAQ Stock Exchange Global Select Market

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20 Aug 2018
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Summary

Name Age Since Current Position

Benjamin Brock

47 2016 President, Chief Executive Officer, Director

W. Norman Smith

78 2014 Vice Chairman of the Board

David Silvious

50 2011 Chief Financial Officer, Vice President, Treasurer

Steven Claude

67 2015 Group President - Infrastructure Group

Richard Patek

61 2013 Group President - Aggregate & Mining Group

Richard Dorris

57 2014 Chief Operating Officer, Executive Vice President

Stephen Anderson

54 2011 Vice President - Administration, Director of Investor Relations, Secretary

Robin Leffew

56 2011 Corporate Controller

Jeffery Elliott

64 2018 Group President-Aggregate and Mining, U.S.A.

William Sansom

76 1995 Lead Independent Director

James Baker

72 2010 Independent Director

William Dorey

73 2011 Independent Director

Daniel Frierson

76 1994 Independent Director

William Gehl

71 1999 Independent Director

Charles Potts

73 2013 Independent Director

Glen Tellock

57 2006 Independent Director

Linda Foreman

2016 IR Contact Officer

Biographies

Name Description

Benjamin Brock

Mr. Benjamin G. Brock is President, Chief Executive Officer, Director of the Astec Industries, Inc. He previously served as the Vice President and President of the Company's Asphalt Group from August 2012 to December 2013 and as President of Astec, Inc. from 2006 to 2013. From 2003 until 2006, he held the position of Vice President - Sales of Astec, Inc. and Vice President/General Manager of CEI Enterprises, Inc. from 1997 until 2002. Mr. Brock's career with Astec began as a salesman in 1993. Mr. Brock has been a Director of the Company since 2013.

W. Norman Smith

Mr. W. Norman Smith is Vice Chairman of the Board of the Astec Industries, Inc. He previously served as the President and Chief Operating Officer of the Company from August 2012 to December 2013, Group President of the Company's Mobile Asphalt Paving Group from October 2013 to December 2013, Group Vice President of the Company's Asphalt Group from 1998 until August 2012, President of Astec, Inc., a subsidiary of the Company, from 1994 until 2006, and President of Heatec, Inc., a subsidiary of the Company, from 1977 until 1994. Mr. Smith is a registered professional engineer. Mr. Smith has been a Director of the Company since 1982.

David Silvious

Mr. David C. Silvious, CPA., is Chief Financial Officer, Vice President, Treasurer of the Astec Industries, Inc. since August 2011. He previously served as Corporate Controller of the Company from 2005 to 2011 and as Corporate Financial Analyst from 1999 to 2005. Mr. Silvious also serves as Treasurer of each of the Company's U.S. operating subsidiaries and Vice President of Astec Insurance Company.

Steven Claude

Mr. Steven L. Claude is Group President - Infrastructure Group of the Astec Industries, Inc. since August 2015. From November 2007 to July 2015, he held the position of Vice President, International Sales, Sr. Vice President, Sales and Marketing, and Executive Vice President of Astec, Inc.

Richard Patek

Mr. Richard A. Patek is Group President - Aggregate & Mining Group of the Astec Industries, Inc. Richard A. Patek has served as Group President-Aggregate and Mining, International since January 2018 after previously serving as the Group President of the Company's Aggregate & Mining Group since October 2013 and its Group's Vice President since 2008. He has also served as President of Telsmith, Inc. from May 2001 until February 2013. He served as President of Kolberg-Pioneer, Inc. from 1997 until 2001. From 1995 to 1997, he served as Director of Materials of Telsmith, Inc. From 1992 to 1995, Mr. Patek was Director of Materials and Manufacturing of the former Milwaukee plant location. From 1978 to 1992, he held various manufacturing management positions at Telsmith. Mr. Patek also served as the 2014 Chairman for the Association of Equipment Manufacturers (AEM) and a corporate board member for the Milwaukee School of Engineering. Mr. Patek was elected to the E.D. Etnyre & Company board of directors in December 2014.

Richard Dorris

Mr. Richard J. Dorris is Chief Operating Officer, Executive Vice President of the Astec Industries, Inc. He previously served as the Group Vice President and President of the Company's Energy Group from August 2012 to December 2013 and as President of Heatec, Inc. from 2004 to January 2014. From 1999 to 2004, he held the positions of National Accounts Manager, Project Manager and Director of Projects for Astec, Inc. Prior to joining Astec, Inc., he was President of Esstee Manufacturing Company from 1990 to 1999 and was Sales Engineer from 1984 to 1990.

Stephen Anderson

Mr. Stephen C. Anderson is Vice President - Administration, Director - Investor Relations, Secretary of the Astec Industries, Inc. Mr. Anderson also manages the corporate information technology, vendor finance and aviation departments. He has also been President of Astec Insurance Company since January 2007. He was Vice President of Astec Financial Services, Inc. from 1999 to 2002. Prior to his employment with the Company, Mr. Anderson spent a combined 14 years in commercial banking with AmSouth and SunTrust Banks.

Robin Leffew

Ms. Robin A. Leffew is Corporate Controller of the Astec Industries, Inc. since August 2011 and also serves as Secretary of Astec Insurance Company. She previously served as the Company's Director of Internal Audit from 2005 to 2011 and Controller of Astec, Inc. from 1990 to 2005. From 1987 to 1990, she served as Corporate Financial Analyst for the Company. She is 56.

Jeffery Elliott

Mr. Jeffery J. Elliott is Group President-Aggregate and Mining, U.S.A. since January 2018 after previously serving as Group Vice President of the Company's Aggregate & Mining Group since July 2014 through December 2017. He served as the President of Johnson Crushers, Inc. from 2001 until July 2014. From 1999 to 2001, he served as Senior Vice President for Cedarapids, Inc. (a Terex company), and from 1996 to 1999, he served as Vice President of the Crushing and Screening Group. From 1978 to 1996, he held various domestic and international sales and marketing positions with Cedarapids, Inc.

William Sansom

Mr. William B. Sansom is Lead Independent Director of the Astec Industries, Inc.He has served as the Chairman and Chief Executive Officer of The H.T. Hackney Co., a diversified wholesale food distributor in the Southeast and Midwest United States, since 1983. Formerly, Mr. Sansom served as the Tennessee Commissioner of Transportation from 1979 to 1981 and as the Tennessee Commissioner of Finance and Administration from 1981 to 1983. Until recently, Mr. Sansom also served as a director of the board of the Tennessee Valley Authority, including two terms as its Chairman. Additionally, Mr. Sansom previously served as a director on the board of First Horizon National Corporation, a director and audit committee member of Martin Marietta Materials, Inc., and a director of Mid-American Apartment Communities.

James Baker

Mr. James B. Baker is Independent Director of the Astec Industries, Inc. James B. Baker has been a Co-Managing Director since 2017 and the Managing Partner from 2001 to 2017 of River Associates Investments, LLC, a private equity investment fund which partners with management teams in buyouts, divestitures and recapitalizations of lower middle market companies. From 1993 to 2001, he was a Partner in River Associates, LLC. Mr. Baker was President and Chief Operating Officer (1991-1992) and Senior Vice President (1987-1991) of CONSTAR International, Inc., a plastics container manufacturer. Mr. Baker also formerly served as a director of Wellman, Inc. and US Xpress.

William Dorey

Mr. William G. Dorey is Independent Director of the Astec Industries, Inc. William G. Dorey served as Director, President and Chief Executive Officer of Granite Construction Incorporated from 2004 until his retirement from employment in 2010. Mr. Dorey continued to serve as a Director of Granite Construction until June 2017. Granite Construction is a publicly traded heavy civil contractor engaged in the construction and improvement of roads, mass transit facilities, airport infrastructure, bridges, dams and other infrastructure-related projects and the production of sand, gravel and asphalt concrete and other construction materials. Mr. Dorey started his career with Granite Construction in 1967 and held numerous positions over his 42 years with the company. Mr. Dorey has also served in various industry leadership roles, including founding Chairman of the Construction Industry Ethics and Compliance Initiative (CIECI) Steering Committee, trustee of the Mineta Transportation Institute, member on the Construction Industry Round Table (CIRT), director of the California Chamber of Commerce, and director of the California Business Roundtable.

Daniel Frierson

Mr. Daniel K. Frierson is Independent Director of the Astec Industries, Inc. Daniel K. Frierson has been the Chief Executive Officer of The Dixie Group, Inc., a public company in the floor-covering manufacturing business, since 1979 and has served as its Chairman of the Board since 1987. Mr. Frierson also recently served as a director on the board of Louisiana-Pacific Corporation until May 2017. based on his more than 35 years of experience as a CEO of a public company and his service as a Director of the Company for more than 20 years, provides the Board with valuable strategic planning and risk assessment experience. Mr. Frierson's knowledge and experience in manufacturing is also valuable to the Company.

William Gehl

Mr. William D. Gehl is Independent Director of the Astec Industries, Inc. William D. Gehl served as a member of the Board and Chief Executive Officer of Gehl Company, a company engaged in the manufacturing of compact construction equipment, from 1987 and 1992, respectively, until his retirement in 2009. Mr. Gehl also served as Chairman of the Board of Gehl Company from 1996 until his retirement. Since June 2011, Mr. Gehl has been an owner and Chairman of IBD of Southeastern Wisconsin, an exclusive distributor of Interstate Batteries in southeastern Wisconsin. Mr. Gehl also serves as Chairman of the Board and a Director of FreightCar America, a public company engaged in the manufacturing of aluminum coal cars and other railroad freight cars. Mr. Gehl also serves as a Director of The Oilgear Company, a manufacturer of hydraulic pumps, and a former Director of Westbury Bancorp, a publically-owned bank located in West Bend, Wisconsin. Mr. Gehl is a member of the state bars of Wisconsin and Florida.

Charles Potts

Mr. Charles F. Potts is Independent Director of the Astec Industries, Inc. Charles F. Potts is the Chairman of the Board of Heritage Construction and Materials, a provider of construction materials and services that operates in the Midwest United States and China. He previously served as Chief Executive Officer of Heritage Construction and Materials from 2003 thru 2012. Prior to joining Heritage Construction and Materials, Mr. Potts was employed as an executive officer of Ashland, Inc., where he served as President of APAC Inc. and Senior Vice President of Ashland Inc. Mr. Potts also served as the Director of Construction of the Florida Department of Transportation for 18 years. Mr. Potts has previously served as the Chairman of the Board of the National Center for Asphalt Technology, the International Center for Aggregates Research and the American Road and Transportation Builders Association.

Glen Tellock

Mr. Glen E. Tellock is Independent Director of the Astec Industries, Inc. Glen E. Tellock has been the President and CEO of Lakeside Foods, a privately-held international food processor, since May 2016. Previously, he served as the President and CEO of The Manitowoc Company, a manufacturer of construction and food service equipment, from May 2007 until October 2015. He also served as Chairman of the Board of The Manitowoc Company from February 2009 until October 2015. Prior to that, he served as Senior Vice President of The Manitowoc Company beginning in 1999 and President and General Manager of Manitowoc Crane Group beginning in 2002. Prior to joining Manitowoc in 1991, Mr. Tellock served as Financial Planning Manager with the Denver Post Corporation and as Audit Manager with Ernst and Whinney. Mr. Tellock also currently serves as a director on the board of Badger Meter, Inc.

Linda Foreman

Basic Compensation