Valmont® Industries, Inc. (NYSE: VMI), a global leader in infrastructure and agricultural productivity innovation, today announced the appointment of Thomas Liguori as Executive Vice President and Chief Financial Officer, effective immediately. Mr. Liguori will oversee the global finance and accounting functions and report directly to Avner M. Applbaum, President and Chief Executive Officer.
With over 30 years of finance experience, Mr. Liguori brings a strong track record of creating value and has held CFO positions at multiple public companies. Most recently, he served as CFO of Fortna LLC, a private-equity-backed firm specializing in advanced distribution centers for e-commerce and omnichannel distribution. Prior to Fortna, he was CFO at Avnet, a Fortune 200 semiconductor distributor, where he played a crucial role in enhancing growth and profitability through improved working capital and operational efficiencies. His extensive experience spans various industries, including manufacturing, distribution, and technology.
“I am thrilled to welcome Tom to our executive leadership team,” said Mr. Applbaum. “His extensive experience in leading global finance organizations and his proven ability to drive value for shareholders and develop talent will be a tremendous asset to Valmont. Tom’s track record of executing strategy, deploying capital effectively, and driving growth and margin expansion aligns perfectly with our goals. I look forward to his contributions to our continued success.”
Mr. Liguori expressed his enthusiasm about joining Valmont, stating, “I am excited to be part of Valmont, a company renowned for its commitment to innovation, quality, and sustainability. I am eager to collaborate with the executive team to advance our strategy and drive sustainable, profitable growth. I look forward to contributing to the team’s efforts to enhance operational efficiencies and pursue new growth opportunities. I am grateful for the opportunity and excited to embark on this journey.”
Mr. Liguori holds a Bachelor of Science in Business from Boston University, an MBA from Arizona State University, and has completed the Stanford University Strategic CFO Program. He has also served as an adjunct professor at Chapman University, teaching graduate and executive MBA courses. He is a Certified Management Accountant and an NACD Board Leadership Fellow.
The company also announced that Timothy P. Francis, who has been serving as Interim Chief Financial Officer and Acting Chief Accounting Officer since July 2023, will continue with Valmont as Chief Accounting Officer, reporting to Mr. Liguori.
“I extend my heartfelt thanks to Tim for his dedication in the interim CFO role over the past year,” said Mr. Applbaum. “Since joining us in 2014 as corporate controller, Tim has earned the respect of his colleagues and demonstrated exceptional capability in finance and operations. I am confident that, working with Tom, Tim will continue to deliver outstanding results in our finance leadership.
