Alamo Group Inc. (NYSE: ALG) Board of Directors are pleased to announce
the election of Helen W. Cornell to the Board as a new independent
director. Ms. Cornell fills the vacancy on the Board created by the
retirement of David H. Morris in November 2010.
Ms. Cornell, 52, was most recently Executive Vice President, Finance and
CFO of Gardner Denver, Inc. (NYSE:GDI) until her retirement in November
2010. She served with Gardner Denver for 22 years in various operating
and financial capacities. Gardner Denver is a leading global
manufacturer of highly engineered products, including compressors,
liquid ring pumps and blowers for various industrial, medical,
environmental, transportation and process applications. Ms. Cornell is a
Certified Public Accountant and Certified Management Accountant. Ms.
Cornell also serves on the Board, Executive Committee and as Audit
Committee Chair of privately owned Owensboro Grain Company.
Don Douglass, Alamo Group’s Founder and Chairman said, "We are delighted
to have Helen join the Alamo Group Board of Directors. She brings a
wealth of experience in working with manufacturing companies like ours,
and we believe she will make significant contributions to the Board and
the Company as we move forward.”
Alamo Group is a leader in the design, manufacture, distribution and
service of high quality equipment for right-of-way maintenance and
agriculture. Our products include tractor mounted mowing and other
vegetation maintenance equipment, excavators, street sweepers, vacuum
trucks, snow removal equipment, pothole patchers, agricultural
implements and related after-market parts and services. The Company,
founded in 1969, has over 2,340 employees and operates eighteen plants
in North America, Europe and Australia as of December 31, 2010. The
corporate offices of Alamo Group Inc. are located in Seguin, Texas and
the headquarters for the Company’s European operations are located in
Salford Priors, England. The company website address is www.alamo-group.com.
This release contains forward-looking statements that are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995.
Forward-looking statements involve
known and unknown risks and uncertainties, which may cause the Company’s
actual results in future periods to differ materially from forecasted
results. Among those factors which could cause actual results to differ
materially are the following: market demand, competition, weather,
seasonality, currency-related issues, and other risk factors listed from
time to time in the Company’s SEC reports.
The Company does not
undertake any obligation to update the information contained herein,
which speaks only as of this date.
