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PGT Innovations President and CEO Jeff Jackson has been appointed to the board of Astec Industries, a publicly traded manufacturer of specialized equipment for asphalt road building, aggregate processing and concrete production.
Jackson will serve on the Chattanooga, Tennessee-based company’s 11-member board as an independent director and a member of the compensation committee. With shares traded on the Nasdaq, Astec had $1.33 billion in revenue in 2023. (Venice-based PGT, traded on the NYSE, had $1.5 billion in revenue in 2023.)
“It is truly an honor to be elected to serve on the Astec board,” says Jackson. “Astec is committed to design and build state-of-the-art equipment from rock to road. As the leader of a fast-growing company in a different segment of the manufacturing and building materials industries, I’m excited to bring a unique perspective on creating an environment in which Astec and its team members can thrive, while delivering bottom-line results and shareholder value.
Jackson joined PGT Innovations, one of the leading window and door manufacturers in the country, in November 2005 as vice president and CFO. In 2006, he helped lead the company's IPO and was later named executive vice president before becoming president and COO in 2014. He was promoted to CEO in 2018. He currently serves on the Sarasota Manatee Airport Authority board. He’s also on the board for Smith Douglas Homes, an Atlanta-based homebuilder.
PGT has been in the financial news of late for its potential acquisition: Tampa-based publicly traded door manufacturer Masonite had agreed to a $3 billion deal to buy PGT late last year. In January, another company, national window and door manufacturer Miter Brands, also made a bid to buy PGT. That offer was for $3.1 billion. PGT then accepted the Miter offer, for $42 a share in cash. That acquisition deal is expected to close mid-year.
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