| CEO Name | Jaco van der Merwe |
| Nationality | South Africa |
| Net Worth Estimation | $4 million |
Jaco van der Merwe's estimated net worth of around $4 million is primarily derived from his executive compensation, stock ownership, and other financial benefits as CEO of Astec Industries, Inc. Public filings and SEC reports detail his annual salary, bonuses, and equity awards, which together contribute to this valuation.
Jaco van der Merwe, CEO of Astec Industries, Inc., has an estimated net worth of $4,000,000, which is 0.5% of the maximum ($800,000,000) and 400% above the minimum ($1,000,000) net worth in the construction sector. His net worth positions him well above the entry level but considerably below the industry's top-tier CEOs.
Business Category: Construction
Minimum Net Worth (estimation): 1000000 USD
Maximum Net Worth (estimation): 800000000 USD
Jaco van der Merwe Performance in Astec Industries, Inc.
Jaco van der Merwe, CEO of Astec Industries, Inc., demonstrates strategic leadership by driving innovation and operational efficiency across the company's diversified manufacturing sectors. His data-driven decision-making emphasizes sustainable growth and capital allocation, resulting in improved financial performance and market expansion. Under his leadership, Astec Industries has strengthened its competitive position and enhanced shareholder value through focused investments and product development.
Latest News
Astec Industries Leadership and Recent Developments
Astec Industries appointed Barry Ruffalo as CEO in 2019, who was succeeded by Jaco van der Merwe in January 2023; van der Merwe currently leads the company focusing on infrastructure solutions and growth. Recent news highlights include Astec's innovations like the SiteLine(tm) camera system, strategic partnerships, and equipment acquisitions, emphasizing their leadership in asphalt paving and infrastructure markets.
Source: http://www.astecindustries.com/about/current-news-views/press-releases