Jaco van der Merwe has been the President and Chief Executive Officer of Astec Industries since January 2023. He stepped into this role after a significant tenure within the company, where he was the Group President for Infrastructure Solutions. Before...
Jaco van der Merwe has been the President and Chief Executive Officer of Astec Industries since January 2023. He stepped into this role after a significant tenure within the company, where he was the Group President for Infrastructure Solutions. Before joining Astec, Jaco had a solid background in the mining and construction industries, working at Epiroc (formerly a part of Atlas Copco) for 18 years in various key positions. He started his career at Atlas Copco as a Quality Manager and moved up to roles such as Vice President of Marketing for the Deephole Drilling group. Jaco holds a Bachelor's degree in Engineering from Tshwane University of Technology in South Africa and an MBA from the University of Pretoria. Notably, he was also a Group President for the Energy sector before becoming CEO. This blend of experience in engineering and management has positioned him well to lead Astec in its mission to provide sustainable infrastructure solutions. His compensation includes a salary of $725,000 and performance bonuses that reflect major company metrics like Adjusted EBITDA, linking his earnings to the company's success.