Alamo Group announced today that Ron Robinson, the company's president and CEO, has informed the Board of Directors of his intention to retire preferably by mid-year 2021 and upon the appointment of his successor. As part of its succession planning efforts, the Company's Board of Directors has been preparing for such a transition and anticipates naming a new President and CEO as Mr. Robinson's replacement within the next several months. It is Mr. Robinson's intention to continue on in his role as a member of the Company's Board following his retirement as president and CEO.
On behalf of the Board of Directors, Roderick R. Baty, Alamo Group's chairman said, "We would like to extend our gratitude to Ron for his extraordinary leadership during his 21 years of service as president and CEO. Under his guidance and strategic vision, Alamo Group has grown from a small domestically-focused company with 9 manufacturing locations, 9 distinct brands, 1,100 employees and sales of $177 million, to a multinational company with 27 global manufacturing locations, more than 40 distinct brands, almost 4,000 employees and sales in excess of $1.1 billion. Corresponding net income and earnings per share grew from $6.1 million and $0.63 to $63.0 million and $5.33, respectively."