Lindsay Corporation Appoints Rayburn to Board of Directors
November 17 2014 - 4:05PM
Business Wire
Lindsay Corporation (NYSE: LNN), a leading provider of
irrigation systems and infrastructure products, announced today
that David B. Rayburn has been appointed to its board of directors
for a term which will expire in 2017.
Rayburn, 66, has nearly 40 years of management and manufacturing
experience. He is the retired President, CEO and Board Member of
Modine Manufacturing (NYSE: MOD), a global manufacturer and
marketer of heat exchange systems to OEM and aftermarket customers
in the automotive, commercial and building products markets. He
served in those roles from 2003 to 2008 and previously held the
positions of COO, Executive VP of the Original Equipment Group, VP
of the Highway Group and General Manager of the Automotive, Heavy
Duty and Industrial Groups dating back to 1991. Prior to Modine, he
worked at Rockwell International from 1970 to 1991 and held various
positions including Director of Manufacturing, Plant Manager,
Manufacturing Engineer, Plant Superintendent, Cost & Budget
Supervisor and Process Engineer.
Rayburn currently serves as a director of Twin Disc (NASDAQ:
TWIN) a manufacturer of power transmission systems for the marine,
energy, and government markets, and chairs the Nominating and
Governance Committee. He received a Bachelor of Science in
Industrial Engineering from Pennsylvania State University and a
Master's Degree in Business Administration from Xavier
University.
"Lindsay's Corporate Governance & Nominating Committee, in
consultation with the full Board, developed a detailed set of
skills and attributes it sought in a new director and retained a
national search firm to assist it with identifying and evaluating
candidates. We are very pleased to have selected Dave from this
process," said Michael N. Christodolou, Lindsay's chairman.
"His strong background in manufacturing, international markets and
acquisitions, combined with his corporate governance experiences
serving on public company boards, will allow him to make
significant contributions to Lindsay's continued success."
About the Company
Lindsay manufactures and markets irrigation equipment primarily
used in agricultural markets which increase or stabilize crop
production while conserving water, energy, and labor. The Company
also manufactures and markets infrastructure and road safety
products under the Lindsay Transportation Solutions trade name. At
October 10, 2014 Lindsay had approximately 12.2 million shares
outstanding, which are traded on the New York Stock Exchange under
the symbol LNN.
For more information regarding Lindsay Corporation, see the
Company’s Web site at www.lindsay.com.
Concerning Forward-looking Statements
This release contains forward-looking statements that are
subject to risks and uncertainties and which reflect management’s
current beliefs and estimates of future economic circumstances,
industry conditions, company performance and financial results. You
can find a discussion of many of these risks and uncertainties in
the annual, quarterly and current reports that the Company files
with the Securities and Exchange Commission. Forward-looking
statements include information concerning possible or assumed
future results of operations of the Company and those statements
preceded by, followed by or including the words “anticipate,”
“estimate,” “believe,” “intend,” “expect,” “outlook,” “could,”
“may,” “should,” “will,” or similar expressions. For these
statements, the Company claims the protection of the safe harbor
for forward-looking statements contained in the Private Securities
Litigation Reform Act of 1995. The Company undertakes no obligation
to update any forward-looking information contained in this press
release.
Lindsay Corporation:Jim Raabe, 402-827-6579Vice President
& Chief Financial OfficerorHalliburton Investor
Relations:Hala Elsherbini or Geralyn DeBusk, 972-458-8000
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