Valmont Announces the Appointment of Two New Board Members

Valmont Industries, Inc. (NYSE:VMI), a leading global provider of engineered products and services for infrastructure development and irrigation equipment and services for agriculture, today announced that its Board of Directors has elected Ms. Ritu Favre and Ms. Joan Robinson-Berry as independent directors, effective September 18, 2020. The two appointments further enhance the Board’s skills, experience and diversity, while increasing its size to 12 members.

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Ritu Favre (Photo: Business Wire)

Commenting on the appointments, Mogens C. Bay, Valmont Chairman of the Board, said, “Ritu and Joan are both highly experienced, and we are excited to welcome leaders of their caliber to our Board. Each brings depth of knowledge, relevant capabilities and experience that will help advance the execution of our strategic imperatives, including market expansion, technology-enabled growth and operational excellence. Joan’s strategic mindset and strong track record of leading global operations, engineering and procurement for a world-class industrial company will help advance Valmont’s future growth strategies. Ritu’s extensive background and passion for technology, innovation, IoT and operational expertise will be invaluable as we increase digital solutions across our businesses. I look forward to their perspective and input as we execute on our global growth strategies to maximize value for our stakeholders.”

Ms. Favre is a seasoned high-tech industry leader with experience across general management and executive leadership roles in the radio frequency and semiconductor industries. She currently is Senior Vice President and General Manager of the semiconductor business at National Instruments Corporation (NI), a multi-national, leading producer of automated test equipment and virtual instrumentation software. Most recently, she served as the chief executive officer of NEXT Biometrics, and has held senior management positions with Motorola, Freescale Semiconductor, and Synaptics. She is a member of the Global Semiconductor Association’s Women’s Leadership Council and an advisory board member to Microfacturing Institutes.