Valmont Industries, Inc. announced that on November 16, 2023, Eugene Padgett notified the Company of his decision to resign as Chief Accounting Officer effective December 8, 2023 to pursue other opportunities and to relocate closer to family. Mr. Padgett?s decision to resign as Chief Accounting Officer is not related to the operations, policies, or practices of the company or any issues regarding accounting policies or practices. Timothy P. Francis, current Interim Chief Financial Officer, will also serve as Chief Accounting Officer until the company makes a permanent appointment to the position.
Mr. Francis, age 46, served as Senior Vice President and Finance Business Partner, Global Operations since June 2022 until his appointment as interim Chief Financial Officer in July 2023. He served as Senior Vice President, Controller and Chief Accounting Officer from June 2014 until Mr. Padgett?s appointment in November 2022.