Research Reports

Key takeaways

Chad Hartley appointed Group President – Infrastructure Solutions effective May 11, 2026.

Chad Hartley previously served as President, Conveyance Solutions at Regal Rexnord.

Barend Snyman, former Group President – Infrastructure Solutions, departed as of April 20, 2026.

Mr. Snyman receives severance benefits under the Executive and Key Employee Severance Plan.

Hartley brings experience in multinational manufacturing operations, sales, and general management.

Appointment announced via press release Exhibit 99.1.

Full analysis

The leadership change in Astec's Infrastructure Solutions group replaces Barend Snyman with Chad Hartley, an executive with extensive manufacturing experience from Regal Rexnord and Emerson Electric, including roles in operations, supply chain, sales, marketing, and general management with an international assignment in China. This segment encompasses critical road building, asphalt, concrete plants, and related solutions, making the Group President role strategically important. Snyman's departure triggers severance under the pre-existing plan filed in 2024, providing continuity in executive compensation practices. CEO Jaco van der Merwe highlighted Hartley's track record in driving results in multinational operations, signaling expectations for operational and commercial improvements in this key business unit.

ASTE · Astec Industries, Inc.

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