SEGUIN, Texas, Dec. 13, 2019 /PRNewswire/ -- Alamo Group
Inc.'s (NYSE: ALG) Board of Directors is pleased to announce the
appointment of Lorie L. Tekorius as
a new independent member of its Board effective December 13, 2019. Ms. Tekorius will be
filling a vacancy created by the previously announced departure of
Mr. David W. Grzelak from Alamo
Group's Board.
Ms. Tekorius, 52, is President and Chief Operating Officer of
the Greenbrier Companies, Inc. (NYSE: GBX). Greenbrier is one
of the leading designers, manufacturers and marketers of railroad
freight car equipment in North
America, Europe, the Gulf
Cooperation Council (GCC) and South
America. The company manufactures and markets marine
barges in North America and is
also a leading provider of freight railcar wheel services, parts,
repair and refurbishment in North America. Ms. Tekorius has
served as Greenbrier's Chief Operating Officer since August 2018 and was promoted to President in
August 2019. She has served in
various management positions for the company since 1995, most
recently as Executive Vice President and Chief Operating Officer
and prior to that, as Executive Vice President and Chief Financial
Officer.
Roderick R. Baty, Alamo Group's
Chairman said "We are very happy that Lorie is joining Alamo
Group's Board. She brings a wealth of operational and
financial expertise along with strong public company governance
experience. Her leadership experience with a multinational
manufacturing company will assist us in our future
development."
About Alamo Group
Alamo Group is a leader in the
design, manufacture, distribution and service of high quality
equipment for infrastructure maintenance, agriculture and other
applications. Our products include truck and tractor mounted mowing
and other vegetation maintenance equipment, street sweepers, snow
removal equipment, excavators, vacuum trucks, other industrial
equipment, agricultural implements and related after-market parts
and services. The Company, founded in 1969, has approximately 4,345
employees and operates 32 plants in North
America, Europe,
Australia and Brazil as of November
30, 2019. The corporate offices of Alamo Group Inc.
are located in Seguin, Texas.
Forward Looking Statements
This release contains
forward-looking statements that are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. Forward-looking statements involve
known and unknown risks and uncertainties, which may cause the
Company's actual results in future periods to differ materially
from forecasted results. Among those factors which could cause
actual results to differ materially are the following: market
demand, competition, weather, and other risk factors listed from
time to time in the Company's SEC reports. The
Company does not undertake any obligation to update the information
contained herein, which speaks only as of this date.
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SOURCE Alamo Group Inc.