Astec Industries falls as CEO steps down

Astec Industries

06/01/2023 15:29

** Shares of road-building components maker Astec Industries
Inc  ASTE.O  down 9.3% at $37.89 
    ** Stock hits lowest in more than two months 
    ** ASTE's CEO Barry Ruffalo to step down, effective
immediately  urn:newsml:reuters.com:*:nGNX6wXPm0
    ** Company insider Jaco van der Merwe to replace Ruffalo 
    ** Stock fell 41.3% last year
 (Reporting by Sourasis Bose in Bengaluru)
 ((sourasis.bose@thomsonreuters.com))