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Valmont Industries Inc (VMI.N)

VMI.N on New York Stock Exchange

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19 Jul 2018
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Summary

Name Age Since Current Position

Mogens Bay

69 2017 Executive Chairman of the Board

Steven Kaniewski

46 2018 President, Chief Executive Officer

Mark Jaksich

60 2016 Chief Financial Officer, Executive Vice President, Corporate Secretary

Barry Ruffalo

2015 Executive Vice President

Timothy Francis

41 2014 Chief Accounting Officer, Vice President, Controller

Vanessa Brown

65 2011 Senior Vice President - Human Resources

John Kehoe

48 2014 Vice President - Information Technology

Catherine Paglia

66 2018 Lead Independent Director

Stephen Kaniewski

46 2018 Director

Donna Milrod

50 2018 Director

Kaj den Daas

68 2004 Independent Director

Theodor Freye

69 2015 Independent Director

James Milliken

61 2011 Independent Director

Daniel Neary

66 2005 Independent Director

Clark Randt

72 2009 Independent Director

Walter Scott

86 1981 Independent Director

Renee Campbell

2017 IR Contact Officer

Biographies

Name Description

Mogens Bay

Mr. Mogens C. Bay has been appointed as Executive Chairman of the Board of Valmont Industries Inc effective December 31, 2017. He has served as Executive Chairman of the Board since 12/31/2017. He joined Valmont Industries in 1979 as regional vice president, Southeast Asia. He moved to Madrid, Spain, in 1982 as vice president-sales and later vice president-marketing of Valmont International. In 1986, he was assigned to corporate headquarters as the president and general manager of Valmont International and, four years later, he was named president and general manager of Valmont Irrigation. He became president and CEO of Valmont Industries, Inc. in 1993. Mogens was named chairman and CEO in 1997. From 1974 to 1978, Mogens was the manager of the East Asiatic Company’s office in Beijing, the People’s Republic of China. The East Asiatic Company was the only western company permitted to operate an office in the People’s Republic of China at that time. Mogens graduated from Vejle Gymnasium in June 1968. He studied law at Aarhus University from 1968 to 1970 and graduated from the EAC College of International Business in Copenhagen in 1973. In 1984, he graduated from the Harvard Business School’s Advanced Management Program. Mogens served a tour of duty with the Royal Guards of the Danish Army from July 1973 to June 1974 where he was detailed to protect the Queen and her family.

Steven Kaniewski

Mr. Steven G. Kaniewski has been appointed as President, Chief Executive Officer of the Company . Mr. Kaniewski has been Chief Executive Officer of the Company since January 2018. He was President and Chief Operating Officer of the Company from October 2016 through December 2017. Prior to that he was Group President of Valmont's Utility Support Structures Segment. Mr. Kaniewski joined Valmont in 2010 as Vice President, Information Technology and also has held the position of Vice President, Global Operations for the Irrigation Segment. Mr. Kaniewski's duties in various Company operating positions provides valuable knowledge and experience of the Company's operations and strategies. Mr. Kaniewski has served as a director of the Company since January 2018. He received a B.S. in Sociology degree from Santa Clara University in 1994

Mark Jaksich

Mr. Mark C. Jaksich is Chief Financial Officer, Executive Vice President, Corporate Secretary of the Company.he has served as Chief Financial Officer, Executive Vice President, Corporate Secretary since February 2016. Mr. Mark's As chief financial officer (CFO), Mark’s responsibilities include oversight of all financial operations including Treasury, Internal Audit, Information Technology, Taxation, Investor Relations and Accounting. Throughout his 33-year career with Valmont, Mark has held a number of finance and accounting positions, including assistant corporate controller, manager of internal audit and divisional controller of international. During his tenure as international controller, Valmont expanded international business operations in China, Europe and Brazil. Mark was promoted to vice president and corporate controller in 2000 and served in that capacity until his appointment to CFO in February of 2014. He has been a long-time board member of the Nebraska Chapter of Financial Executives International and has served as a past chapter president. Mark was named as a Distinguished Alumnus of the University of Nebraska-Omaha (UNO) College of Business Administration in 2012. Mark currently serves on its UNO’s College of Business Administration and School of Accountancy advisory boards and is a member of the finance committee and board of directors with Catholic Charities of Omaha. Mark graduated from the University of Nebraska-Omaha in 1979 with a B.S. in Business Administration degree, earning his M.B.A. degree from UNO in 1992.

Barry Ruffalo

Mr. Barry A. Ruffalo is an Executive Vice President of the Company. he serves as Executive Vice President since march 2015. He was a Group President of various divisions of Lindsay Corporation, an irrigation and infrastructure manufacturer, between 2007 and March 2015. In his role as group president, Barry is responsible for the worldwide growth of the Engineered Support Structures (ESS) division. He had previously served as group president for both North American Structures and Global Energy and Mining, which included Australia, New Zealand, China, Southeast Asia and Europe. Barry joined Valmont in 2015 as the executive vice president of operational excellence. After over a decade at Case Corporation/Case Hew Holland, Barry took the position of Director—North America Operations at Joy Global in 2007. There, he had oversight of nine facilities throughout North America, which served customers worldwide. Later that same year, the role of President—Irrigation at Lindsay Corporation was offered to Barry, and he accepted. In September 2013, Barry assumed the role of president—infrastructure, which he held until joining Valmont in 2015. Barry received his B.S. and Master of Science in Industrial Engineering from the University of Wisconsin in 1996.

Timothy Francis

Mr. Timothy Francis is Chief Accounting Officer, Vice President, Controller of the Company. Mr. Francis served as Chief Accounting Officer, Vice President, Controller since June 2014. 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. Tim spent over a decade with Deloitte & Touche, performing audit duties for companies like Ameritrade, ConAgra and West Corporation while ascending to the position of audit senior manager. In 2012, Tim joined the Burlington Capital Group, LLC as its chief financial officer (CFO). In this role, he also served as the CFO of America First Multifamily Investors, L.P., a NASDAQ listed partnership. As CFO, he was responsible for the SEC reporting and related regulatory compliance, investor reporting and presenting updates to management and the board of managers. Tim led the due diligence and regulatory filings required for this public partnership’s management to execute three successful Wall Street-led public equity secondary raises. He also secured new lines of credit and other debt facilities for the managed funds. Tim attended the University of Nebraska-Lincoln graduating with honors and a B.S. in Business Administration degree in 1999 and a Masters of Professional Accountancy degree in 2000.

Vanessa Brown

Ms. Vanessa K. Brown is Vice President - Human Resources of Valmont Industries, Inc., She Senior Vice President-Human Resources since July 2011. Director of Human Resources of North America Engineered Support Structures division from 1997 until 2011. Vanessa joined Valmont in 1973 in the Human Resources department and has held progressively responsible positions within the Human Resources function at Valmont. She was named senior vice president, human resources in July 2011. Vanessa was past president of the Human Resources Association of Omaha, and Nebraska Society of Human Resources. Vanessa attended college at the University of Nebraska-Omaha majoring in Business.

John Kehoe

Mr. John A. Kehoe is Vice President - Information Technology of the company, he served as Senior Vice President of Information Technology since June 2014. Senior information technology executive at Rockwell Collins, an aerospace and defense contractor and manufacturer, from 2004 - 2014.Prior to joining Valmont, John served the previous ten years as a senior information technology executive at Rockwell Collins. In this role, he was responsible for the alignment of key programs, projects, integration and strategy. This included the facilitation of information technology joint venture partnerships around the world. Prior to that, John was an executive leader at Vertex Aerospace and Raytheon Corporation. While in these firms he held various management positions within the Information Management, Operations and Aviation groups. John was appointed to the Board of Directors and Administrative Committee Chairman for the Boy Scouts of America – Mid-America Council. He also serves on the University of Nebraska—Omaha Information Technology Advisory Board. John served in the U.S. Air Force and is a veteran of the first Gulf War conflict. John holds a M.B.A. degree from Belhaven University and a Bachelor of Information Management degree from Friends University.

Catherine Paglia

Ms. Catherine James Paglia has been appointed as Lead Independent Director of Valmont Industries, Inc with effective from April 25, 2018. 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.

Stephen Kaniewski

Mr. Stephen G. Kaniewski is Director of the Company. Mr. Kaniewski has been Chief Executive Officer of the Company since January 2018. He was President and Chief Operating Officer of the Company from October 2016 through December 2017. Prior to that he was Group President of Valmont's Utility Support Structures Segment. Mr. Kaniewski joined Valmont in 2010 as Vice President, Information Technology and also has held the position of Vice President, Global Operations for the Irrigation Segment. Mr. Kaniewski's duties in various Company operating positions provides valuable knowledge and experience of the Company's operations and strategies. Mr. Kaniewski has served as a director of the Company since January 2018.

Donna Milrod

Ms. Donna M. Milrod is Director of the Company. Ms. Milrod is currently a Senior External Advisor to McKinsey & Company's Financial Services practice. Ms. Milrod has served as a director of the Company since January 2018. She previously served as Managing Director and Head of DTCC Solutions at The Depository Trust & Clearing Corporation ("DTCC") from February 2015 to November 2016. In addition to her business role, Ms. Milrod also led DTCC's Global Strategy and Business Development function. From October 2012 to February 2015, Ms. Milrod served as Managing Director and Chief Administrative Officer of DTCC, with responsibilities for DTCC's finance, operations, regulatory relations, business continuity, vendor management, and security functions. Prior to joining DTCC, Ms. Milrod served as Deputy Chief Executive Officer of Deutsche Bank North America from 2009 to October 2012. Ms. Milrod previously held board positions at Cabela's Incorporated and the World's Foremost Bank, and currently serves on the board of the T-Rex Group. Ms. Milrod's broad financial and regulatory experience, including risk management and financial technology, provide an excellent background for service on Valmont's board.

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 has been a director of the Company since October 2004. is currently CEO of Quality Light Source, LLC (manufacturer and marketer of LED lamps). 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.

Theodor Freye

Dr. Theodor Werner Freye is an Independent Director of the Company. Dr. Freye has served as a director of the Company since June 2015. Dr. Freye 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.

James Milliken

Mr. James B. Milliken is an Independent Director of Valmont Industries, Inc. Mr. Milliken has served as a director of the Company since December 2011. He has been Chancellor of the City University of New York since June 1, 2014; he announced in November 2017 plans to step down at the end of the academic year. 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 Foreign 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. Mr. Neary has been a director of the Company since December 2005. He is a member of the board of directors of Mutual of Omaha (full service and multi-line provider of insurance and financial services). Mr. Neary served as CEO of Mutual from 2004 -2015 and as Chairman until January 2018. Mutual of Omaha's revenues were in excess of $7 billion in 2017. 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.

Clark Randt

Amb. Clark T. Randt, Jr., is an Independent Director of Valmont Industries Inc. Ambassador Randt has served as a director of the Company since February 2009. 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.

Walter Scott

Mr. Walter Scott, Jr., is an Independent Director of Valmont Industries Inc. He has served as a director of the Company since April 1981. Mr. Scott previously served as Chairman of the Board and President of Peter Kiewit Sons', 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.

Renee Campbell

Basic Compensation