Astec Appoints Bill Waltz to Board of Directors

Rhea-AI Summary

Astec (Nasdaq: ASTE) announced that its board of directors appointed William (“Bill”) E. Waltz as a new independent director, effective October 29, 2026. His election expands the Board to 10 members, nine independent. Waltz will also join the Board’s Compensation Committee.

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CHATTANOOGA, Tenn., July 30, 2026 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (Nasdaq: ASTE) announced the company’s board of directors (the “Board”) appointed Mr. William (“Bill”) E. Waltz as a new independent director to the Board, effective as of October 29, 2026. With the election of Mr. Waltz, the size of the Board will increase to 10 directors, nine of whom are independent directors. Mr. Waltz will serve as a member of the Compensation Committee of the Board.

Mr. Mark Gliebe, Chairman of Astec’s Board of Directors, said, “We are pleased to welcome Bill Waltz to the Astec Board. Bill has public company Chief Executive Officer experience and a strong record of leading companies through organic and inorganic growth."

Mr. Waltz is the current President and Chief Executive Officer and a member of the board of directors of Atkore, Inc. (NYSE: ATKR), positions he has held since 2018. Mr. Waltz served as President of Atkore’s core Electrical Raceway/Electrical Products division between 2013 to 2018. From 2009 until joining Atkore in 2013, Mr. Waltz was Chairman and Chief Executive Officer at Strategic Materials, Inc. Prior to that, he spent over a decade in various divisions of Pentair plc and started his career at General Electric Company and as a Deloitte management consultant.

About Astec

Astec, (www.astecindustries.com), is a manufacturer of specialized equipment for asphalt road building, aggregate processing and concrete production. Astec's manufacturing operations are divided into two primary business segments: Infrastructure Solutions that includes road building, asphalt and concrete plants, thermal and storage solutions; and Materials Solutions that include our aggregate processing equipment. Astec also operates a line of controls and automation products designed to deliver enhanced productivity through improved equipment performance.

For Additional Information Contact:
Steve Anderson
Senior Vice President of Administration and Investor Relations
Phone: (423) 899-5898
Fax: (423) 899-4456
E-mail: sanderson@astecindustries.com

FAQ

Who is Bill Waltz, newly appointed to Astec's (NASDAQ: ASTE) board of directors?

Bill Waltz is an experienced industrial executive and public company leader. According to Astec, he will join the board as an independent director and Compensation Committee member while continuing as President, Chief Executive Officer and director at Atkore (NYSE: ATKR).

When does Bill Waltz officially join the Astec (ASTE) board of directors?

Bill Waltz will join the Astec board of directors effective October 29, 2026. According to Astec, his appointment increases the board size to 10 directors, with nine classified as independent, and adds his experience to the Compensation Committee at that time.

How does Bill Waltz’s appointment change the size and independence of Astec’s board (ASTE)?

Bill Waltz’s election increases the Astec board from nine to 10 directors. According to Astec, nine of these 10 directors will be independent, reflecting the company’s stated emphasis on independent oversight and strengthening of board governance structures for shareholders.

What role will Bill Waltz have on Astec’s board of directors (NASDAQ: ASTE)?

Bill Waltz will serve as an independent director and member of the Compensation Committee. According to Astec, he brings public company CEO experience and a background in driving organic and inorganic growth, which the board expects to benefit its oversight of compensation matters.

What is Bill Waltz’s current position at Atkore (NYSE: ATKR)?

Bill Waltz is President, Chief Executive Officer and a director at Atkore. According to Atkore, he has held these roles since 2018, after previously leading Atkore’s core Electrical Raceway/Electrical Products division between 2013 and 2018, building extensive industry and leadership experience.