Valmont Industries, Inc. (NYSE: VMI) Appoints Deborah Caplan to Board of Directors

Valmont Industries, Inc., a company specializing in providing vital infrastructure and advancing agricultural productivity, made a significant announcement in its recent 8-K SEC filing. On October 27, 2024, the Board of Directors of Valmont Industries welcomed Deborah Caplan as a new member and appointed her to the Human Resource Committee of the board. This appointment also led to an increase in the company’s board size to eleven members.

Deborah Caplan, a seasoned executive with a wealth of experience, particularly in talent development and innovation, joins the board as a non-employee director. As part of her compensation, she will receive a cash retainer of $95,000 annually and an equity grant in the form of restricted stock units valued at $145,000. The total compensation package for a non-employee director including cash and equity awards is capped at $750,000 per calendar year.

Ms. Caplan’s appointment is seen as a strategic move by Valmont Industries to enhance its leadership team and governance practices. Her extensive career includes nearly two decades at NextEra Energy, where she held various leadership roles, most recently as Executive Vice President of Human Resources & Corporate Services until her retirement in April 2024. Her experience in driving growth and innovation within organizations is expected to bring valuable insights to Valmont Industries.

In a press release issued on October 28, 2024, Valmont Industries Chairman of the Board, Mogens C. Bay, expressed enthusiasm about Ms. Caplan joining the board, citing her expertise in utility markets and talent development as valuable assets. Ms. Caplan, in turn, expressed her honor in joining Valmont’s Board of Directors and emphasized her commitment to contributing to the company’s strategic goals.

Deborah Caplan holds a Bachelor of Science in aerospace engineering from the University of Michigan, a Master of Science in manufacturing engineering from Boston University, and is certified as a Six Sigma Master Black Belt. Her vast experience and expertise are expected to play a key role in Valmont’s future strategic initiatives aimed at market expansion, operational excellence, and organizational development.

Valmont Industries continues to focus on innovation and sustainability as it works towards achieving its strategic objectives and delivering long-term value to its shareholders and stakeholders.

The full press release regarding Deborah Caplan’s appointment to Valmont Industries’ Board of Directors can be accessed in Exhibit 99.1 of the 8-K filing.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Valmont Industries’s 8K filing here.

About Valmont Industries

Valmont Industries, Inc operates as manufacturer of products and services for infrastructure and agriculture markets in the United States, Australia, Brazil, and internationally. It operates through two segments, Infrastructure and Agriculture. The company manufactures and distributes steel, pre-stressed concrete, composite structures for electrical transmission, substation, and distribution applications; and designs, engineers, and manufactures metal, steel, wood, aluminum, and composite poles and structures for lighting and transportation applications.