Astec Industries appointed Brad Southern to its Board of Directors

– USA, TN – Astec Industries, Inc. (Nasdaq:ASTE) today announced that Brad Southern, Chief Executive Officer of Louisiana-Pacific Corporation, has been appointed to the Board of Directors, effective October 25, 2018. The Company also announced that W. Norman Smith, Vice Chairman, who has served as a director since 1982, stepped down from the Board on the same date. Mr. Southern will join the class of directors standing for election at the 2019 Annual Meeting of Shareholders and will serve as a member of the Audit Committee.

Mr. Southern, 57, has served as CEO and a director of LP, a leading manufacturer of quality engineered wood building materials, since 2016. Mr. Southern began his career with LP in 1999 and has held various leadership positions throughout his nearly 20-year tenure with the company.

Benjamin G. Brock, Chief Executive Officer, stated, “I am delighted to welcome Brad to the Astec Board. Brad brings significant experience in the building materials manufacturing industry, as well as a strong focus on operational execution. We look forward to benefiting from his fresh insights and valuable perspective as we continue to execute on our strategic plan to accelerate growth, improve profitability and drive shareholder value. I would also like to thank Norm for his years of service on the Board. He has been an instrumental founder of our organization, having helped build Astec from the ground up into the global leader it is today. Personally, I have greatly benefited from and valued his mentorship and support.”

Mr. Southern said, “I am excited to be joining the Astec Board at this important time for the Company. I look forward to working with my fellow Board members to oversee the Company’s strategy and advance the Company’s efforts to enhance value for Astec’s shareholders.”

Mr. Smith commented, “It has been a remarkable journey watching Astec grow into a global construction equipment manufacturing leader. Throughout my career, the Company has held firmly to its founding values of innovation, reliability and customer service. I am proud of everything we have accomplished together, and remain confident that, under Ben’s leadership, Astec is well positioned for the future.”

About Brad Southern

Mr. Southern is the Chief Executive Officer and member of the Board of Directors of Louisiana-Pacific (LP), a global leader of high performance building solutions based in Nashville, Tennessee. Mr. Southern joined LP in 1999. He led LP’s siding business from 2005 to 2015 before taking the lead for OSB operations, a position he held until he was named chief operating officer in 2016. Mr. Southern began his career with MacMillan Bloedel as a forester, where he held a variety of jobs in forestry, strategic planning, finance, accounting and plant management. He has a B.S. and a master’s degree in Forest Resources, both from the University of Georgia.

About Astec Industries, Inc.

Astec Industries, Inc. is a manufacturer of specialized equipment for asphalt road building; aggregate processing; oil, gas and water well drilling; wood processing and concrete production. Astec’s manufacturing operations are divided into three primary business segments: road building, specialized industrial products, and related equipment; aggregate processing and mining equipment; and equipment for the extraction and production of fuels, biomass production, commercial and industrial burners, concrete production and water drilling equipment.

For more information : http://www.astecindustries.com

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