OMAHA, Neb. — Valmont Industries, Inc., a global leader that provides vital infrastructure and advances agricultural productivity while driving innovation through technology, announced Aug. 22, 2024 that Thomas Liguori will join the Company as Executive Vice President and Chief Financial Officer, effective immediately. Mr. Liguori will lead the global finance and accounting organization, reporting to Avner M. Applbaum, President and Chief Executive Officer.
Mr. Liguori has more than 30 years of finance experience with a proven track record of creating value, including significant experience as the CFO for multiple public companies. Most recently, he was CFO of Fortna LLC, a private-equity-backed designer and builder of advanced distribution centers for ecommerce and omnichannel distribution. Before joining Fortna, Mr. Liguori was the CFO of Avnet, a Fortune 200 global semiconductor distributor, where he played a key role in transforming the company to achieve higher growth and profitability, including initiatives to improve working capital and enhance operating efficiencies. He has experience across a diverse range of industries, including manufacturing, distribution and technology.
“I am excited to have Tom join our executive leadership team and partner with me as we move our strategy forward,” Mr. Applbaum commented. “His extensive public-company experience leading global finance organizations, with demonstrated success creating value for shareholders and developing talent across the finance function, will be a great addition to Valmont. Tom has a proven track record of executing strategy and deploying a sound capital allocation framework while driving growth and margin expansion. I look forward to his contribution to our success.”
Mr. Liguori added, “I am thrilled to join Valmont, a company with a remarkable legacy of serving customers through innovation, quality and sustainability. The opportunity to work alongside the executive team to advance our strategy and achieve sustainable, profitable growth is incredibly exciting. I look forward to working with the team to help drive operating efficiencies while pursuing growth. I am grateful to Avner and the rest of the Valmont team for the opportunity to join them on this journey.”
Mr. Liguori holds a Bachelor of Science in Business from Boston University, an MBA from Arizona State University, and completed the Stanford University Strategic CFO Program. With a strong interest in developing next generation business leaders, he has been 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 served as Interim Chief Financial Officer and Acting Chief Accounting Officer since July 2023 will remain with Valmont as its CAO, reporting to Mr. Liguori.
“I wish to extend my sincerest appreciation to Tim for embracing the interim CFO role over the last year,” said Mr. Applbaum. “Since joining us in 2014 as corporate controller, Tim has proven himself time and again, earning the respect of his finance and operations colleagues across the organization. Working together with Tom, I am confident Tim will continue to bring world-class capability to our finance leadership.”
