Astec Industries, Inc.

DB:AI2 Stock Report

Market Cap: €831.0m

Astec Industries Management

Management criteria checks 1/4

Astec Industries' CEO is Jaco van der Merwe, appointed in Aug 2016, has a tenure of 8.25 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 €2.70M. The average tenure of the management team and the board of directors is 3.9 years and 2 years respectively.

Key information

Jaco van der Merwe

Chief executive officer

US$3.3m

Total compensation

CEO salary percentage21.7%
CEO tenure8.3yrs
CEO ownership0.3%
Management average tenure3.9yrs
Board average tenure2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jaco van der Merwe's remuneration changed compared to Astec Industries's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

-US$2m

Jun 30 2024n/an/a

-US$2m

Mar 31 2024n/an/a

US$25m

Dec 31 2023US$3mUS$721k

US$34m

Sep 30 2023n/an/a

US$18m

Jun 30 2023n/an/a

US$25m

Mar 31 2023n/an/a

US$8m

Dec 31 2022US$1mUS$400k

-US$100k

Sep 30 2022n/an/a

-US$9m

Jun 30 2022n/an/a

-US$800k

Mar 31 2022n/an/a

US$11m

Dec 31 2021US$1mUS$380k

US$16m

Sep 30 2021n/an/a

US$41m

Jun 30 2021n/an/a

US$34m

Mar 31 2021n/an/a

US$35m

Dec 31 2020US$1mUS$366k

US$46m

Sep 30 2020n/an/a

US$13m

Jun 30 2020n/an/a

US$15m

Mar 31 2020n/an/a

US$29m

Dec 31 2019US$542kUS$310k

US$22m

Sep 30 2019n/an/a

-US$6m

Jun 30 2019n/an/a

-US$2m

Mar 31 2019n/an/a

-US$66m

Dec 31 2018US$447kUS$290k

-US$60m

Compensation vs Market: Jaco's total compensation ($USD3.32M) is above average for companies of similar size in the German market ($USD1.46M).

Compensation vs Earnings: Jaco's compensation has increased whilst the company is unprofitable.

CEO

Jaco van der Merwe (51 yo)

8.3yrs

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

NamePositionTenureCompensationOwnership
Jaco van der Merwe
CEO, President & Director8.3yrsUS$3.32m0.33%
€ 2.7m
Timothy Averkamp
Group President of Materials Solutions Group5yrsUS$1.00m0.070%
€ 582.1k
Michael Norris
Group President of Materials Solutions and Senior VP of International & Aftermarket Sales3.8yrsUS$1.11m0.070%
€ 581.6k
Barend Snyman
Group President of Infrastructureno dataUS$1.12m0.062%
€ 513.9k
Brian Harris
Chief Financial Officerless than a yearno datano data
Jamie Palm
VP, Chief Accounting Officer & Corporate Controller4yrsno data0.031%
€ 257.9k
Siddharth Verma
CTO and President of Digital & Innovation2.6yrsno datano data
Stephen Anderson
Senior VP of Administration21.8yrsUS$732.11kno data
Aletheia Silcott
Global Vice President of Human Resources1.8yrsno datano data

3.9yrs

Average Tenure

51.5yo

Average Age

Experienced Management: AI2's management team is considered experienced (3.9 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Jaco van der Merwe
CEO, President & Director1.8yrsUS$3.32m0.33%
€ 2.7m
Mary Howell
Independent Director5.8yrsUS$207.50k0.063%
€ 520.0k
William Gehl
Independent Chairman of the Board25.8yrsUS$275.00k0.16%
€ 1.3m
Patrick Shannon
Independent Directorless than a yearno data0.017%
€ 138.8k
Mark Gliebe
Independent Director2yrsUS$191.90k0.030%
€ 253.4k
Jeffrey Jackson
Independent Directorless than a yearno data0.017%
€ 138.8k
Linda Knoll
Independent Director2.6yrsUS$200.00k0.037%
€ 310.9k
Nalin Jain
Independent Director2yrsUS$191.90k0.030%
€ 253.4k
Tracey Cook
Independent Director6yrsUS$212.50k0.063%
€ 520.0k
James Winford
Independent Director1.3yrsUS$105.24k0%
€ 0

2.0yrs

Average Tenure

59.5yo

Average Age

Experienced Board: AI2's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.