Francis Hired as Valmont VP and Corporate Controller
OMAHA, Neb., June 3, 2014
OMAHA, Neb., June 3, 2014 /PRNewswire/ --Valmont Industries, Inc. (NYSE:
VMI), a leading global provider of engineered products and services for
infrastructure and mechanized irrigation equipment for agriculture, announced
today the hiring of Timothy Francis as Vice President and Corporate
Controller/Chief Accounting Officer reporting to Valmont's Executive Vice
President and CFO, Mark Jaksich, effective June 3, 2014.
Mr. Francis most recently served as Chief Financial Officer of Burlington
Capital Group LLC and America First Multifamily Investors, L.P. He was a
certified public accountant with Deloitte & Touche from January 2001 to
January 2012 last serving as Senior Audit Manager. He holds a Masters of
Professional Accountancy and a BSBA (Accounting Emphasis) from the University
"Tim Francis is an accomplished financial executive familiar with Valmont's
businesses from his days at Deloitte. In addition to his strong skills in
accounting and finance matters, Tim is a great cultural fit with Valmont. We
are pleased to have him on the Valmont management team and we look forward to
the value he will add to the company," said Mark Jaksich.
Valmont is a global leader in designing and manufacturing poles, towers and
structures for lighting and traffic, wireless communication, wind energy, oil
and gas exploration applications and utility markets, industrial access
systems, highway safety barriers and a provider of protective coating
services. Valmont also leads the world in mechanized irrigation equipment for
agriculture, enhancing food production while conserving and protecting natural
water resources. In addition, Valmont produces a wide variety of tubing for
commercial and industrial applications.
This release contains forward-looking statements, within the meaning of the
Private Securities Litigation Reform Act of 1995. These forward-looking
statements are based on assumptions that management has made in light of
experience in the industries in which Valmont operates, as well as
management's perceptions of historical trends, current conditions, expected
future developments and other factors believed to be appropriate under the
circumstances. As you read and consider this release, you should understand
that these statements are not guarantees of performance or results. They
involve risks, uncertainties (some of which are beyond Valmont's control) and
assumptions. Although management believes that these forward-looking
statements are based on reasonable assumptions, you should be aware that many
factors could affect Valmont's actual financial results and cause them to
differ materially from those anticipated in the forward-looking statements.
These factors include among other things, risk factors described from time to
time in Valmont's reports to the Securities and Exchange Commission, as well
as future economic and market circumstances, industry conditions, company
performance and financial results, operating efficiencies, availability and
price of raw material, availability and market acceptance of new products,
product pricing, domestic and international competitive environments, and
actions and policy changes of domestic and foreign governments. The Company
cautions that any forward-looking statement included in this press release is
made as of the date of this press release and the Company does not undertake
to update any forward-looking statement.
SOURCE Valmont Industries, Inc.
Contact: Jeff Laudin, Phone: 402-963-1158, or Fax: 402-963-1198
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