OMAHA, Neb., June 3, 2014 /PRNewswire/ -- Valmont Industries, Inc. (NYSE: VMI), a leading global provider of engineered products and services for infrastructure and mechanized irrigation equipment for agriculture, announced today the hiring of Timothy Francis as Vice President and Corporate Controller/Chief Accounting Officer reporting to Valmont's Executive Vice President and CFO, Mark Jaksich, effective June 3, 2014.
Mr. Francis most recently served as Chief Financial Officer of Burlington Capital Group LLC and America First Multifamily Investors, L.P. He was a certified public accountant with Deloitte & Touche from January 2001 to January 2012 last serving as Senior Audit Manager. He holds a Masters of Professional Accountancy and a BSBA (Accounting Emphasis) from the University of Nebraska.
"Tim Francis is an accomplished financial executive familiar with Valmont's businesses from his days at Deloitte. In addition to his strong skills in accounting and finance matters, Tim is a great cultural fit with Valmont. We are pleased to have him on the Valmont management team and we look forward to the value he will add to the company," said Mark Jaksich.
Valmont is a global leader in designing and manufacturing poles, towers and structures for lighting and traffic, wireless communication, wind energy, oil and gas exploration applications and utility markets, industrial access systems, highway safety barriers and a provider of protective coating services. Valmont also leads the world in mechanized irrigation equipment for agriculture, enhancing food production while conserving and protecting natural water resources. In addition, Valmont produces a wide variety of tubing for commercial and industrial applications.
This release contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on assumptions that management has made in light of experience in the industries in which Valmont operates, as well as management's perceptions of historical trends, current conditions, expected future developments and other factors believed to be appropriate under the circumstances. As you read and consider this release, you should understand that these statements are not guarantees of performance or results. They involve risks, uncertainties (some of which are beyond Valmont's control) and assumptions. Although management believes that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect Valmont's actual financial results and cause them to differ materially from those anticipated in the forward-looking statements. These factors include among other things, risk factors described from time to time in Valmont's reports to the Securities and Exchange Commission, as well as future economic and market circumstances, industry conditions, company performance and financial results, operating efficiencies, availability and price of raw material, availability and market acceptance of new products, product pricing, domestic and international competitive environments, and actions and policy changes of domestic and foreign governments. The Company cautions that any forward-looking statement included in this press release is made as of the date of this press release and the Company does not undertake to update any forward-looking statement.
SOURCE Valmont Industries, Inc.