Astec Industries Inc. has appointed Barry Ruffalo as its president and chief executive officer effective August 12. He has also been elected to the board of directors. He will join the board of directors as a Class I director and will stand for re-election at the company’s 2020 annual meeting. On the effective date of his appointment, Richard Dorris, interim chief executive officer, will resume his role as chief operating officer.
Prior to his appointment, Ruffalo was employed by Valmont Industries, a publicly-traded diversified global producer of highly-engineered fabricated metal products, where he served in group president roles since 2016. Prior to that he was employed by Lindsay Corp., a publicly-traded firm in proprietary water management and road infrastructure products and services.
“After a comprehensive search that included a number of highly qualified candidates, we are excited to hire Mr. Ruffalo,” said Bill Gehl, chairman of Astec. “Barry brings a wealth of experience to Astec. He is a leader that has driven change, understands infrastructure and will add tremendous value.”
Astec is a manufacturer of specialized equipment for asphalt road building, aggregate processing, diversified industrial applications and concrete production.