Alamo Group Inc.’s (NYSE:ALG) appoints Lorie L. Tekorius as a new independent member of its Board

On Dec. 13, 2019, Alamo Group Inc.’s (NYSE:ALG) Board of Directors is pleased to released the appointment of Lorie L. Tekorius as a new independent member of its Board effective December 13, 2019.  Ms. Tekorius will be filling a vacancy created by the previously announced departure of Mr. David W. Grzelak from Alamo Group’s Board.

Ms. Tekorius, 52, is President and Chief Operating Officer of the Greenbrier Companies (NYSE: GBX).  Greenbrier is one of the leading designers, manufacturers and marketers of railroad freight car equipment in North America, Europe, the Gulf Cooperation Council (GCC) and South America.  The company manufactures and markets marine barges in North America and is also a leading provider of freight railcar wheel services, parts, repair and refurbishment in North America.  Ms. Tekorius has served as Greenbrier’s Chief Operating Officer since August 2018 and was promoted to President in August 2019.  She has served in various management positions for the company since 1995, most recently as Executive Vice President and Chief Operating Officer and prior to that, as Executive Vice President and Chief Financial Officer.

Roderick R. Baty, Alamo Group’s Chairman said We are very happy that Lorie is joining Alamo Group’s Board.  She brings a wealth of operational and financial expertise along with strong public company governance experience.  Her leadership experience with a multinational manufacturing company will assist us in our future development.

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 and related after-market parts and services. The Company, founded in 1969, has approximately 4,345 employees and operates 32 plants in North America, Europe, Australia and Brazil as of November 30, 2019.  The corporate offices of Alamo Group Inc. are located in Seguin, Texas.

On Friday Alamo Group Inc.’s (NYSE:ALG) stock recorded daily change of 0.81% to close at $118.83 with the total traded volume of 43381 shares along average volume of 116145 shares 52 week range of the stock remained $ 72.5 – 129.93 while its day low price was $116.53 and its hit its day high price at $119.04. Its previous closing value stands at $117.87. ALG total market capitalization is $1405283601. Currently stocks EPS is $5.93 while its price to earnings ratio is 20.04.

Leave a Reply

Your email address will not be published. Required fields are marked *