Astec Industries, Inc. announced Barry Ruffalo has stepped down as Chief Executive Officer, effective immediately. The Board has appointed Jaco van der Merwe to serve as Chief Executive Officer. Mr. van der Merwe joined Astec in 2016 as Group President and currently serves as Group President – Infrastructure Solutions, a role he assumed in 2019.
About Jaco van der Merwe: Mr. van der Merwe joined Astec in 2016 as a Group President, after having an impressive eighteen-year career at Atlas Copco including President of Atlas Copco Mining and Rock Excavation in Johannesburg, South Africa. Mr. van der Merwe is a naturalized U.S. citizen, originally from South Africa where he completed his Metallurgical Engineering studies at Tshwane University of Technology and a MBA from the University of Pretoria.
Astec Industries, Inc. designs, engineers, manufactures, markets, and equipment and components used primarily in asphalt and concrete road building and related construction activities. Its Infrastructure Solutions segment designs, engineers, manufactures and markets a complete line of asphalt and concrete plants, components and ancillary equipment, and asphalt road construction equipment, industrial thermal systems, land clearing, recycling and other heavy equipment. Its Materials Solutions segment designs and manufactures heavy rock processing equipment, in addition to servicing and supplying parts for the aggregate, mining, recycling, ports and bulk handling markets. The Company's products are marketed both domestically and internationally primarily to asphalt producers; highway and heavy equipment contractors; utility contractors; sand and gravel producers; construction, demolition, recycle and crushing contractors; forestry and environmental recycling contractors, and others.
ASTEC INDUSTRIES, INC. 
