Valmont Names Stephen Kaniewski CEO, Effective Dec. 31

(RTTNews) - Valmont Industries, Inc. (VMI), a provider of engineered products and services, announced Monday that its board of directors has named Stephen Kaniewski as President and Chief Executive Officer effective December 31, 2017, the first day of Valmont's fiscal 2018.

Kaniewski will succeed Mogens Bay, Valmont's Chairman and CEO, who will become Executive Chairman on December 31, 2017, for a transitional period.

Kaniewski has been Valmont's President and Chief Operating Officer since October 2016. Prior to that, he was Group President of Valmont's Utility Support Structures Segment. Steve joined Valmont in 2010 as Vice President, Information Technology and also has held the position of Vice President, Global Operations for the Irrigation Segment.