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Alamo Group ( (ALG) ) just unveiled an announcement.
Alamo Group Inc. has announced that its President and CEO, Jeff Leonard, plans to retire by mid-year 2025 following the appointment of his successor. The Board of Directors, which has been preparing for this transition as part of its succession planning efforts, anticipates naming a new leader in the coming months. Leonard, who has been with the company since 2011, expressed confidence in the company’s ongoing growth and the leadership team. Rick Parod, the Board’s Independent Chair, acknowledged Leonard’s significant contributions to the company’s growth and reputation, and emphasized the Board’s commitment to ensuring a smooth leadership transition.
More about Alamo Group
Alamo Group is a leading provider in the design, manufacture, distribution, and service of high-quality equipment for vegetation management, infrastructure maintenance, and other applications. Their product range includes truck and tractor-mounted mowing equipment, street sweepers, snow removal equipment, excavators, vacuum trucks, agricultural implements, forestry equipment, and related after-market parts and services. Founded in 1969, the company employs approximately 4,000 people and operates 28 plants across North America, Europe, Australia, and Brazil.
YTD Price Performance: -6.96%
Average Trading Volume: 85,100
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $2.35B
Learn more about ALG stock on TipRanks’ Stock Analysis page.
