SEGUIN,
Texas, March 6, 2024 /PRNewswire/ -- Alamo Group
Inc. (NYSE: ALG) today announced that Richard J. Wehrle, Executive Vice President,
Chief Financial Officer and Treasurer, will retire from the Company
on May 3, 2024. Ms.
Agnes Kamps joined the Company as
Executive Vice-President on March 6,
2024, and will take on the duties of Company Treasurer
immediately. Upon Mr. Wehrle's retirement, Ms. Kamps will
succeed Mr. Wehrle as the Company's Chief Financial Officer.
Ms. Kamps joins the Company from Americas Styrenics, LLC, where she
has served as Vice President and Chief Financial Officer since
January 2021. Prior to her role with Americas Styrenics, Ms.
Kamps served in various accounting and finance management
capacities with several Siemens companies and with United
Technologies. Ms. Kamps holds a Bachelor of Business
Administration with an accounting concentration from Robert Morris University and a Master of Business
Administration from Friedrich‐Alexander‐Universität
Erlangen‐Nürnberg.
Chief Executive Officer and President, Jeffery A. Leonard, commented on the above
changes as follows, "Richard has been a part of Alamo Group for
over 35 years. He has helped guide the Company through many
stages of its development as a vital member of our team. He
has been a leader in our positive, profitable growth during his
long tenure as Corporate Controller and later as Chief Financial
Officer. We want to wish him a long, healthy retirement with
his family. We are very pleased to have Agnes join the
Company and are excited for what the future holds for her as a part
of our leadership team as we continue to grow."
About Alamo Group
Alamo Group is a leader in the
design, manufacture, distribution and service of high quality
equipment for infrastructure maintenance, agriculture 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 4,350 employees and operates 29 plants in
North America, Europe, Australia and Brazil as of December
31, 2023. 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, unanticipated acquisition results, increasing
costs due to inflation, disease outbreaks, geopolitical risks,
including effects of the war in 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.
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SOURCE Alamo Group Inc.