Astec Industries, Inc. Announces Termination of Anshu Pasricha as General Counsel, Corporate Secretary & Chief Compliance Officer
May 13, 2023 at 01:46 am IST
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Astec Industries, Inc. announced the employment of Anshu Pasricha, General Counsel, Corporate Secretary & Chief Compliance Officer of the company, terminated. Mr. Pasricha left employment with the Company for ?Good Reason? within the meaning of the Severance Agreement, dated as of December 31, 2021, by and between the Company and Mr. Pasricha, the form of which was previously filed as Exhibit 10.2 to the Quarterly Report on Form 10-Q filed by the Company on May 5, 2022, and the Company?s other compensation and benefits arrangements .
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.