Astec Industries Management
Management criteria checks 1/4
Astec Industries' CEO is Jaco van der Merwe, appointed in Aug 2016, has a tenure of 8.42 years. total yearly compensation is $3.32M, comprised of 21.7% salary and 78.3% bonuses, including company stock and options. directly owns 0.33% of the company’s shares, worth €2.42M. The average tenure of the management team and the board of directors is 4 years and 2.2 years respectively.
Key information
Jaco van der Merwe
Chief executive officer
US$3.3m
Total compensation
| CEO salary percentage | 21.7% |
| CEO tenure | 8.4yrs |
| CEO ownership | 0.3% |
| Management average tenure | 4yrs |
| Board average tenure | 2.2yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -US$2m |
| Jun 30 2024 | n/a | n/a | -US$2m |
| Mar 31 2024 | n/a | n/a | US$25m |
| Dec 31 2023 | US$3m | US$721k | US$34m |
| Sep 30 2023 | n/a | n/a | US$18m |
| Jun 30 2023 | n/a | n/a | US$25m |
| Mar 31 2023 | n/a | n/a | US$8m |
| Dec 31 2022 | US$1m | US$400k | -US$100k |
| Sep 30 2022 | n/a | n/a | -US$9m |
| Jun 30 2022 | n/a | n/a | -US$800k |
| Mar 31 2022 | n/a | n/a | US$11m |
| Dec 31 2021 | US$1m | US$380k | US$16m |
| Sep 30 2021 | n/a | n/a | US$41m |
| Jun 30 2021 | n/a | n/a | US$34m |
| Mar 31 2021 | n/a | n/a | US$35m |
| Dec 31 2020 | US$1m | US$366k | US$46m |
| Sep 30 2020 | n/a | n/a | US$13m |
| Jun 30 2020 | n/a | n/a | US$15m |
| Mar 31 2020 | n/a | n/a | US$29m |
| Dec 31 2019 | US$542k | US$310k | US$22m |
| Sep 30 2019 | n/a | n/a | -US$6m |
| Jun 30 2019 | n/a | n/a | -US$2m |
| Mar 31 2019 | n/a | n/a | -US$66m |
| Dec 31 2018 | US$447k | US$290k | -US$60m |
Compensation vs Market: Jaco's total compensation ($USD3.32M) is above average for companies of similar size in the German market ($USD1.39M).
Compensation vs Earnings: Jaco's compensation has increased whilst the company is unprofitable.
CEO
Jaco van der Merwe (51 yo)
8.4yrs
Tenure
US$3,317,927
Compensation
Mr. Jaco G. van der Merwe is Chief Executive Officer, President and Director of Astec Industries, Inc. from January 6, 2023. He served as Group President of Infrastructure at Astec Industries, Inc. since J...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 8.4yrs | US$3.32m | 0.33% € 2.4m | |
| Group President of Materials Solutions Group | 5.2yrs | US$1.00m | 0.070% € 519.0k | |
| Group President of Materials Solutions and Senior VP of International & Aftermarket Sales | 4yrs | US$1.11m | 0.070% € 519.6k | |
| Group President of Infrastructure | no data | US$1.12m | 0.062% € 459.5k | |
| CFO & Chief Accounting Officer | less than a year | no data | no data | |
| CTO and President of Digital & Innovation | 2.8yrs | no data | no data | |
| Senior VP of Administration | 22yrs | US$732.11k | no data | |
| Global Vice President of Human Resources | 1.9yrs | no data | no data |
4.0yrs
Average Tenure
52yo
Average Age
Experienced Management: AI2's management team is considered experienced (4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 2yrs | US$3.32m | 0.33% € 2.4m | |
| Independent Director | 5.9yrs | US$207.50k | 0.063% € 463.9k | |
| Independent Chairman of the Board | 26yrs | US$275.00k | 0.16% € 1.2m | |
| Independent Director | 1yr | no data | 0.017% € 124.0k | |
| Independent Director | 2.2yrs | US$191.90k | 0.031% € 226.3k | |
| Independent Director | 1yr | no data | 0.017% € 124.0k | |
| Independent Director | 2.8yrs | US$200.00k | 0.037% € 277.5k | |
| Independent Director | 2.2yrs | US$191.90k | 0.031% € 226.3k | |
| Independent Director | 6.2yrs | US$212.50k | 0.063% € 463.9k | |
| Independent Director | 1.5yrs | US$105.24k | 0% € 0 |
2.2yrs
Average Tenure
59.5yo
Average Age
Experienced Board: AI2's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/21 03:18 |
| End of Day Share Price | 2025/01/21 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Astec Industries, Inc. is covered by 18 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Kristine Kubacki | Avondale Partners |
| Mircea Dobre | Baird |
| Walter Liptak | Barrington Research Associates, Inc. |