ASTEC Appoints Two New Members to Board of Directors, One Director Retiring
CHATTANOOGA, Tenn., Jan. 22, 2024 (GLOBE NEWSWIRE) — Astec Industries, Inc. (Nasdaq:ASTE) announced the company’s board of directors (the “Board”) appointed Mr. Patrick S. Shannon and Mr. Jeffrey (“Jeff”) T. Jackson, new independent directors, to the Board effective as of January 18, 2024. Mr. William Bradley (“Brad”) Southern, an independent director, informed the Board he will be retiring as a member of the Board effective January 18, 2024. With the election of Mr. Shannon and Mr. Jackson, and the retirement of Mr. Southern, the size of the Board increased to 11 directors, 10 of whom are independent directors. Mr. Shannon will also serve as a member of the Audit Committee of the Board and Mr. Jackson will serve as a member of the Compensation Committee of the Board.