The Industrial Equipment Division will include the Company’s vocational truck business and other industrial operations such as excavators, vacuum trucks, street sweepers, and snow removal equipment. This realignment of our two divisions provides greater potential to capture synergies in cross-branding, distribution, product development, supply chain management, and logistics. They are also more balanced in scale and scope giving the company two strong platforms for ongoing development through a mix of organic growth and acquisitions.

The Vegetation Management Division will be led by Rick Raborn who is currently serving as Executive Vice-President of the Company’s Agricultural Division. The Industrial Equipment Division will be led by Michael Haberman, who is currently leading the Company’s excavator and vacuum truck business units and who served as the President of the Company’s Gradall business from 2006 to 2020.

Jeff Leonard, Alamo Group’s President, and Chief Executive Officer said,

“Rick Raborn has done an outstanding job managing the Company’s Agricultural Division over the last six years. I believe his sense of urgency as well as his focus on growth and continuous improvement will translate into success as he assumes responsibility for a significantly larger division with Alamo Group. Mike Haberman has been a highly valued leader within Alamo Group since 2006 when Alamo Group initially acquired the Gradall business. His leadership qualities and many years of experience and success within our industrial segment make him ideally suited to lead the new Industrial Equipment Division. I am very confident that Mike will continue to lead successfully in his new role.”

In addition to the above segment-related changes, Alamo Group has appointed Dan Malone to serve as the Company’s first Chief Sustainability Officer in an effort to enhance the Company’s focus on environmental and social governance and related sustainability efforts.

Mr. Malone will transition from his current position as the Company’s Executive Vice President and Chief Financial Officer to take on his new role as Chief Sustainability Officer but will continue to have several other important additional responsibilities, including investor relations and supply chain management. Richard Wehrle will assume the role of Executive Vice-President and Chief Financial Officer. Mr. Wehrle has been with Alamo Group since 1988 serving in roles of increasing responsibility, and most recently as the Company’s VicePresident, Controller, and Treasurer.

Mr. Leonard commented on the above changes as follows,

“it is time for Alamo Group to add a senior executive level role in sustainability and we are fortunate that we have someone as talented and passionate on this subject as Dan Malone. We have made some good progress over the last few years in making Alamo Group a more sustainable company but we have many more opportunities to pursue and some hard work ahead of us.
With my support and the support of our Board of Directors, Dan will lead these important efforts and push our Company to improve in this area considerably, which I believe will position us for long-term success. I am also very confident in having Mr. Wehrle assume the role of Chief Financial Officer. He has proven himself over many years as a valuable leader with very strong financial acumen and a tremendous passion for the Company. I look forward to working more closely with Richard as we continue to build on Alamo Group’s past success.”

The post Alamo Group Announces Prospective Change in Segment Reporting, Executive Leadership Appointments, and Enhanced Focus on Sustainability appeared first on North America FarmQuip Magazine.

Grafing was previously the Senior Vice President at the Farm Credit System Commercial Finance Group (“CFG”) in Minneapolis. The Commercial Finance Group is a joint venture of multiple US-based Farm Credit Associations that have pooled financial capital and resources to support agribusiness and rural infrastructure projects.

Grafing has 14 years of experience in the Farm Credit System and since 2018, Jamey spent his time at the Commercial Finance Group as a senior lending and marketing resource, helping develop and facilitate CFG’s investment strategy in the national food and ag marketplace.

Prior to his tenure at the Farm Credit System, Mr. Grafing spent 10 years at CHS Inc, a Fortune 100 farmer-owned agricultural and energy cooperative. He initially as Chief Financial Officer of the captive finance subsidiary, CHS Capital, before becoming the Cooperative’s first Corporate Treasurer. As Treasurer, Jamey was responsible for all aspects of global debt, preferred stock, and investor relations for CHS.

Grafing said:

“I’m really pleased and excited to join FarmlandFinder. I believe all participants in farmland transactions will benefit from FarmlandFinder’s mission to make those transactions simple, instant, and online. The agricultural industry increasingly relies on technology and the time is right to bring farmland transactions onto a digital platform.”

Steven Brockshus, Founder and CEO of FarmlandFinder said,

“We’ve got a bold mission and we need bold leaders to help make it a reality. Jamey is a heavy-hitter with decades of expertise building world-class companies in the ag finance space. He is rightly suited to lead our commercial efforts as we continue to provide value across the farmland transaction value chain.”

Before joining CHS, Jamey joined US bank as the Senior Vice President and Central Region Manager for Food and Agribusiness. Grafing’s early career was spent in analyst and loan officer roles in agricultural and agribusiness lending. For over 30 years, Jamey has been deeply involved in agriculture lending, corporate finance, and capital markets.

Source: FarmlandFinder

The post FarmlandFinder appoints Jamey Grafing as Chief Commercial Officer appeared first on North America FarmQuip Magazine.

Matthew Futrelle is the new head of sales and marketing for the Americas at Continental Commercial Specialty Tires.

Source: Continental Commercial Specialty Tires

The post Continental Commercial Specialty Tires Appoints New Head of the Americas appeared first on North America FarmQuip Magazine.