This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Astec Industries, Inc. Announces Promotions

CHATTANOOGA, Tenn., Aug. 22, 2012 /PRNewswire/ -- Astec Industries, Inc. (NASDAQ: ASTE) today announced the following promotions, effective August 22, 2012:

W. Norman Smith, President and Chief Operating Officer Benjamin G. Brock, Group Vice President – Asphalt Richard J. Dorris, Group Vice President – Energy  

In connection with Mr. Smith's promotion, Dr. J. Don Brock resigned from the role of President of Astec Industries, Inc., but he will continue to serve as its Chief Executive Officer.  In commenting on the changes to the senior management team of Astec Industries, Inc., Dr. Brock, commented, "Our decentralized company structure facilitates the development of a strong internal management team.  As evidenced by their respective backgrounds noted below, these individuals bring considerable experience to their new roles.  I would like to personally congratulate each of them and wish them continued success."

W. Norman (Norm) Smith had served as the Group Vice President-Asphalt since 1998 and as President of Astec, Inc. from 1994 to 2006 and President of Heatec, Inc. from 1977 to 1994.  Mr. Smith has a bachelor of science degree in mechanical engineering, is a registered Professional Engineer, has served as a director of Astec Industries, Inc. since 1982 and is one of the founders of the company.

Benjamin (Ben) G. Brock was appointed President of Astec, Inc. in 2006.  From 2003 to 2006 he held the position of Vice President-Sales of Astec, Inc. and General Manager of CEI Enterprises, Inc. from 1997 to 2002.  Mr. Brock's career with Astec began as a salesman in 1993. In addition to being named Group Vice President - Asphalt, Mr. Brock is now responsible for Astec Australia, Pty Ltd which reports results in the Other Group of Astec Industries, Inc.  Mr. Brock has a bachelor of science degree in economics and a minor in marketing. 

Richard (Rick) J. Dorris was appointed President of Heatec, Inc. in 2004.  From 1999 to 2004 he held the positions of National Accounts Manager and Director of Projects for Astec, Inc. When Astec, Inc. acquired Esstee Manufacturing Company ("Esstee") in 1999 Mr. Dorris was President of Esstee, a position he had held since 1990.  Prior to that Mr. Dorris held the title of Sales Engineer from 1984 to 1990. He has a bachelor of science degree in mechanical engineering and received his designation as a Professional Engineer.

By creating the Energy Group these companies will focus on asphalt heating and storage, thermal fluid process heating, blending systems for ground tire rubber and polymers, water heating for fracking systems, and process heating of biomass and other related energy and infrastructure markets.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs