Alamo Group Announces CEO Succession Plan

Alamo Group Inc. has announced a CEO succession plan. The company's current CEO will remain in the position until the end of the year, after which the CFO will take over as interim CEO. The company's board of directors will then select a permanent successor. Alamo Group is a manufacturer of infrastructure maintenance, agricultural, and other equipment with operations in North America, Europe, Australia, and Brazil.

Alamo Group Inc. (NYSE: ALG) has announced a significant leadership transition with Robert P. Hureau set to succeed Jeffery A. Leonard as President and Chief Executive Officer (CEO) effective September 2, 2025. This move follows a comprehensive succession planning process conducted by the company's board of directors [1].

Jeff Leonard, who has been at the helm since 2021, will step down at the end of the year. Hureau, an experienced executive with a background in industrial and life science sectors, will take over. He most recently served as CEO of American Trailer World (ATW), where he demonstrated success in mergers, acquisitions, and building an innovation-focused culture [2].

Hureau's appointment signals continuity for Alamo Group, with experienced industrial leadership replacing retiring CEO Leonard. The planned appointment has been well-orchestrated with a clear timeline and orderly handover scheduled for September 2nd [2]. Hureau brings extensive industrial manufacturing experience, particularly from his tenure at ATW, which aligns with Alamo's business model [2].

The board's statement indicates a thorough succession planning process was conducted, suggesting this transition has been carefully evaluated. Leonard's relatively short tenure of four years mitigates concerns about unexpected leadership disruption [2].

Hureau's comments about delivering "additional growth and profitability" provide continuity with the company's existing strategic direction rather than signaling any dramatic shift. His previous leadership roles as CFO at both Pharmaceutical Product Development (PPD) and Sensata Technologies demonstrate financial acumen that should support capital allocation decisions at Alamo Group [2].

This leadership change represents standard corporate succession rather than a reaction to performance issues or strategic disagreements. The orderly nature of the transition suggests minimal disruption to ongoing operations [2].

Forward-Looking Statements
This release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to differ materially from forecasted results. Among those factors which could cause actual results to differ materially are the following: adverse economic conditions which could lead to a reduction in overall market demand, supply chain disruptions, labor constraints, increasing costs due to inflation, disease outbreaks, geopolitical risks, including effects of the war in the Ukraine and the Middle East, competition, weather, seasonality, currency-related issues, and other risk factors listed from time to time in the Company's SEC reports. The Company does not undertake any obligation to update the information contained herein, which speaks only as of this date [1].

References
[1] https://www.prnewswire.com/news-releases/alamo-group-inc-announces-ceo-succession-plan-302532314.html
[2] https://www.stocktitan.net/news/ALG/alamo-group-inc-announces-ceo-succession-587jwltour1p.html