Valmont Industries, Inc. announced that Avner Applbaum will join the Company as Executive Vice President and Chief Financial Officer, effective March 30, 2020. In this role, he will develop and implement financial strategy for the Company and have oversight of all financial activities, including accounting and controllership, financial planning and analysis, tax, treasury, audit, and investor relations, as well as the Company's IT function. Mr. Applbaum succeeds Mark Jaksich, who previously announced his plans to retire and will remain with the Company until December 26, 2020 to ensure a smooth transition.

Mr. Applbaum joins Valmont having most recently been the Chief Financial Officer and Chief Operating Officer for Double E Company, a private equity-backed equipment manufacturer.