Astec announces transition for new CFO

By Astec Industries   

News astec astec industries

Astec Industries, Inc. recently announced that Heinrich Jonker, Astec’s vice-president of finance – Infrastructure Solutions, has been named the company’s new chief financial officer on an interim basis, effective immediately. Jonker’s appointment follows the decision by Rebecca Weyenberg, Astec’s chief financial officer, to step down from her role as CFO. Weyenberg will remain employed by the company on an advisory basis through April 30, 2024, to assist in the transition.

Astec’s Board of Directors has initiated a search process to identify the company’s next CFO and has retained a nationally recognized search firm to assist in evaluating candidates for the role.

Jonker has nearly 20 years of public company experience and has served as Astec’s vice-president, finance – Infrastructure Solutions, for the last two years. Prior to that, he held multiple leadership roles within the finance organization at Epiroc (formerly part of Atlas Copco), a global manufacturer of equipment for the mining and infrastructure industries, including most recently vice-president of controlling and finance. Jonker earned a Bachelor of Commerce in Financial Management from the University of Johannesburg, South Africa; a Business Performance Diploma from the Stockholm School of Economics; and a Master of Business Administration from Texas A&M University – Corpus Christi.

“As we embark on this transition, I am confident in the strength and depth of Astec’s finance organization and in the Board’s selection of Heinrich as Interim CFO,” stated Jaco van der Merwe, president and CEO of Astec. “Heinrich has proven his strong finance acumen and leadership abilities in his role as finance lead for our Infrastructure Solutions segment and I look forward to working closely with him over the coming months. We appreciate the many contributions Becky has made to Astec, as we have worked to strengthen the Company’s financial foundation and establish the strong momentum that we have today. We wish her the best in her future endeavours.”

Weyenberg’s departure is not related to the company’s financial or operating results or to any disagreement with the company regarding its financial, operational, accounting or reporting policies or practices.

Print this page


Stories continue below