ALAMO GROUP INC. ANNOUNCES CEO SUCCESSION PLAN

Rhea-AI Summary

Alamo Group (NYSE: ALG) has announced a significant leadership transition, with Robert P. Hureau appointed as the new President and Chief Executive Officer, effective September 2, 2025. Hureau will succeed Jeffery A. Leonard, who has served as CEO since 2021.

Hureau brings extensive executive experience from the industrial and life science sectors, most recently serving as CEO of American Trailer World (ATW). His track record includes successful mergers, acquisitions, and building innovation-focused cultures. Previously, he held executive positions at Pharmaceutical Product Development (PPD) and Sensata Technologies.

Positive

• Incoming CEO brings extensive experience in mergers, acquisitions, and business integration
• New leadership has proven track record of delivering strong shareholder returns
• Appointment follows thorough succession planning and comprehensive executive search

Negative

• Potential disruption during leadership transition period
• Loss of continuity with departure of current CEO Jeff Leonard

Insights

Corporate Governance Analyst

Hureau's appointment signals continuity for Alamo Group with experienced industrial leadership replacing retiring CEO Leonard effective September 2.

Alamo Group's announced CEO succession represents a neutral transition from a governance perspective. The planned appointment of Robert Hureau to succeed Jeff Leonard appears well-orchestrated with a clear timeline and orderly handover scheduled for September 2nd.

Hureau brings extensive industrial manufacturing experience, particularly from his tenure at American Trailer World where he demonstrated capabilities in mergers, acquisitions, and business optimization. His background at ATW is particularly relevant as it shares similarities with Alamo's industrial equipment business model. His experience in scaling businesses and executing acquisitions aligns with Alamo's historical growth strategy.

The Board's statement indicates a thorough succession planning process was conducted, suggesting this transition has been carefully evaluated. Leonard has only been CEO since 2021, making this a relatively short tenure, but the planned nature of the transition mitigates concerns about unexpected leadership disruption.

Hureau's comments about delivering "additional growth and profitability" provide continuity with the company's existing strategic direction rather than signaling any dramatic shift. His previous leadership roles as CFO at both PPD and Sensata Technologies demonstrate financial acumen that should support capital allocation decisions at Alamo Group.

This leadership change represents standard corporate succession rather than a reaction to performance issues or strategic disagreements. The orderly nature of the transition suggests minimal disruption to ongoing operations.

SEGUIN, Texas, Aug. 18, 2025 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) announced today that Robert P. Hureau will succeed Jeffery A. Leonard as President and Chief Executive Officer of the Company, effective September 2, 2025.  Mr. Hureau is an accomplished executive with several decades of leadership experience in the industrial and life science sectors.  He has a proven track record in scaling businesses and delivering significant returns.

Most recently, Mr. Hureau served as Chief Executive Officer of American Trailer World ("ATW"), a leading industrial manufacturer and retailer of trailers, truck equipment and aftermarket parts.  During his tenure at ATW he merged and integrated two businesses to form ATW, executed on numerous acquisitions, led the highly successful sale of its aftermarket parts distribution business, delivered strong returns to its shareholders and built a culture centered around innovation and quality. 

Prior to joining American Trailer World, Mr. Hureau held several executive positions in both private and public companies including EVP and Chief Financial Officer at Pharmaceutical Product Development ("PPD"), a global clinical research organization and SVP and Chief Financial Officer at Sensata Technologies, a global industrial manufacturer of highly engineered sensors and controls.

On behalf of the Board of Directors, Rick Parod, Alamo Group's Board Chair said, "After thorough succession planning and a comprehensive executive search process, we are excited to welcome Robert as Jeff Leonard's successor.  We believe he has a strong background with highly relevant experience for Alamo Group, and are confident that he is the right person to lead the Company in its next phase of its growth and development.  Jeff has served the Company very well as President and CEO since he assumed the role in 2021, and we wish him all the best in his retirement."

Robert Hureau added, "I am very excited to be joining the Alamo Group team.  I believe the Company has a great business model and a talented management team that can deliver additional growth and profitability for our stockholders.  I look forward to what we can accomplish together."

About Alamo Group
Alamo Group is a leader in the design, manufacture, distribution, and service of high-quality equipment for vegetation management, infrastructure maintenance 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, forestry equipment and related after-market parts and services. The Company, founded in 1969, has approximately 3,800 employees and operates 27 plants in North America, Europe, Australia, and Brazil as of June 30, 2025. 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: adverse economic conditions which could lead to a reduction in overall market demand, supply chain disruptions, labor constraints, increasing costs due to inflation, disease outbreaks, geopolitical risks, including effects of the war in the Ukraine and the Middle East, competition, weather, seasonality, currency-related issues, 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.

View original content:https://www.prnewswire.com/news-releases/alamo-group-inc-announces-ceo-succession-plan-302532314.html

SOURCE Alamo Group Inc.

FAQ

Who is the new CEO of Alamo Group (NYSE: ALG)?

Robert P. Hureau has been appointed as the new President and CEO of Alamo Group, effective September 2, 2025.

What is Robert Hureau's experience before joining Alamo Group?

Hureau most recently served as CEO of American Trailer World (ATW), and previously held executive positions at Pharmaceutical Product Development (PPD) and Sensata Technologies.

When will Alamo Group's CEO transition take effect?

The CEO transition will take effect on September 2, 2025, when Robert Hureau succeeds current CEO Jeffery A. Leonard.

Who is Alamo Group's current CEO being replaced?

Jeffery A. Leonard, who has served as President and CEO since 2021, is retiring and will be succeeded by Robert Hureau.

What are Robert Hureau's achievements at his previous company?

At ATW, Hureau successfully merged and integrated two businesses, executed numerous acquisitions, led a successful sale of its aftermarket parts distribution business, and delivered strong shareholder returns.