Board of Directors

Mr. Bay, age 76, has been non-executive Chairman of the Company since January 2019.

He served as Executive Chairman of the Company during 2018.

He was Chairman and Chief Executive Officer of the Company from January 1997 through December 2017, and President and Chief Executive Officer of the Company from August 1993 through December 1996.

Mr. Bay previously served as a director of Peter Kiewit Sons’, Inc. and of ConAgra Foods, Inc.

Mr. Bay holds dual United States and Danish citizenship.

Mr. Bay’s 40 years of experience with Valmont provides an extensive knowledge of Valmont’s operating companies and its lines of business, its long-term strategies and domestic and international growth opportunities.

Ms. Paglia, age 72, has been a director of Enterprise Asset Management, Inc., a New York based privately-held real estate and asset management company since September 1998.

Ms. Paglia previously spent eight years as a managing director at Morgan Stanley, ten years as a managing director of Interlaken Capital, and served as chief financial officer of two public corporations.

Ms. Paglia serves on the board of directors of the Columbia Funds and is a member of the board of trustees of the Carnegie Endowment for International Peace.

Her extensive Wall Street experience and prior service as a chief financial officer of public companies provide an excellent background for membership on Valmont’s Board of Directors, including the Audit Committee.

Mr. Applbaum, age 53, has been Chief Executive Officer of the Company since July 2023.

He served as Executive Vice President and Chief Financial Officer of the Company from March 2020 to July 2023.

Mr. Applbaum has eighteen years experience in operational and financial roles at publicly traded manufacturing companies.

Mr. Applbaum is a Certified Public Accountant (inactive).

Mr. Applbaum’s extensive experience with manufacturing companies and with Valmont provides valuable knowledge for Valmont’s operations, financial reporting and long-term strategies.

Ms. Caplan, age 62, was previously Executive Vice President, Human Resources and Corporate Services, NextEra Energy Inc. from April 2013 to March 2024 and previously Vice President and Chief Operating Officer of Florida Power & Light Company, a NextEra subsidiary. NextEra is a Fortune 200 company.

Ms. Caplan has a Bachelor's degree in aerospace engineering from the University of Michigan and a Master's of Science degree in manufacturing engineering from Boston University.

She has served as a director of Mid-American Apartment Communities since 2023; Arthur J. Gallagher since May 2024 and previously as a director of Terminix from 2019-2022. 

Ms. Caplan has extensive domestic and international operational experience in management, human resources, supply chain, physical security and cybersecurity positions. Ms. Caplan’s executive experience in human resources strategy is well suited to membership on the Human Resources Committee. Her C-level operations experience makes her well qualified as a member of the Valmont board of directors.

Ms. Favre, age 56, is the Group President, Test & Measurement Segment, Emerson Electric since October 2023. Emerson Electric had revenue of $17.5 billion in 2024.

She was previously the Executive Vice President of Business Units at National Instruments November 2022-October 2023; Executive Vice President and General Manager of Semiconductor and Electronics; Aerospace, Defense, and Government; and Transportation Business Units at National Instruments January 2021-November 2022; and Senior Vice President and General Manager of the Semiconductor Business at National Instruments (2019-2021).

She was the Chief Executive Officer NEXT Biometrics (2017-2019) and the Senior Vice President, Biometrics Products Division, Synaptics (2014-2016).

Ms. Favre self-identifies as Asian.

Ms. Favre previously served on the board of directors of Cohu, Inc., a public semiconductor manufacturing company.

Ms. Favre holds a Master of Science in Electrical Engineering and has 30 years of experience specializing in the development and management of technology solutions.

Her engineering, technology, information security and related management experience provides a valuable resource of strategic input to the Valmont board of directors.

Mr. Freye, age 75, retired in October 2014 as CEO of CLAAS KgaA, a $4.5 billion family owned agricultural machinery firm headquartered in Germany.

Mr. Freye, a citizen of Germany, has more than 30 years of international machinery experience, including several years as Chairman and President of the North American CLAAS operations and as the General Manager of Caterpillar-CLAAS, a joint venture serving the North American and Australian markets.

He holds a Master’s Degree in Mechanical Engineering and a Ph.D. in Agricultural Science.

His extensive international business experience and engineering background provides value to the Valmont board of directors.

Mr. Lanoha, age 57, has been President and Chief Executive Officer of Peter Kiewit Sons’ Inc. and Kiewit Corporation since January 2020.

He was President and Chief Operating Officer of Kiewit 2016-2019.

He was President of Kiewit Energy Group 2012-2016 and Executive Vice President of Kiewit Industrial Group responsible for Kiewit Energy and Kiewit Power divisions of Kiewit 2010-2012.

Kiewit’s revenues were in excess of $16 billion in 2024.

Mr. Lanoha has management experience of infrastructure construction operations at Kiewit and his experience provides a valuable resource of strategic and oversight input to the Valmont board of directors.

Mr. Maass, age 60, is Chief Executive Officer of The Scoular Company, a leading commodity and ingredient agribusiness, and a member of its board of directors since 2016.

Scoular is one of the largest privately held companies in the U.S with over $7 billion in annual sales.

Prior to joining Scoular he served in various leadership roles with ConAgra Foods (now Conagra Brands) from 1988 - 2015.

Mr. Maass is a member of the board of directors of Lamb-Weston Holding, Inc. (since July 2025) and the Federal Reserve Bank of Kansas City (since 2023).

He has a Bachelor of Science degree in agricultural business from Iowa State University.

Mr. Maass has strong leadership and strategic capabilities, and has significant expertise in finance and risk and compliance oversight, providing valuable input to Valmont’s board of directors.

Mr. Milliken, age 67, is President of the University of California System which enrolls nearly 250,000 students and has an annual revenue of over $53 billion.

He was Chancellor of the University of Texas System from August 2018 to May 2025. Mr. Milliken was Chancellor of the City University of New York from June 2014 to May 2018. He was President of the University of Nebraska from August 2004 to May 2014.

Mr. Milliken has a law degree from New York University and practiced law on Wall Street before his career in higher education.

He has led large, complex organizations, having served as CEO of four major university systems over the last 20 years.

He has led the development of research, education and public-private partnerships in multiple countries, including India, China and Brazil.

He is a member of the Council on Foreign Relations. Throughout his career, he has worked at the intersection of business and higher education, on the Council on Competitiveness, the Business-Higher Education Forum, and in state economic development.

Mr. Milliken’s experience in strategy development, management and international engagement provides value to the Valmont board of directors.

Mr. Neary, age 73, was a member of the board of directors of Mutual of Omaha (full service and multi-line provider of insurance and financial services) until retirement effective January 2021. Mutual of Omaha’s revenues were in excess of $9 billion in 2021.

Mr. Neary served as CEO of Mutual from 2004-2015 and as Chairman until January 2018.

Mr. Neary’s training as an actuary and knowledge of the financial services industry provides valuable background for board oversight of the Company’s accounting matters.

His experience in strategic development and risk assessment for the Mutual of Omaha insurance companies is well suited to membership on the Valmont board of directors.

Ms. Robinson-Berry, age 65, retired in July 2020 as Vice President, Chief Engineer, Boeing Global Services.

Ms. Robinson-Berry served as Vice President, Engineering, Boeing Global Services (2018-2019), Vice President, General Manager, Boeing South Carolina (2016-2018), and Vice President, Chief Procurement Officer, Boeing Shared Services Group (2012-2016).

Ms. Robinson-Berry holds a Masters of Science in Engineering Management and Business Administration and has over 35 years of global and domestic experience in engineering, operations, supply management and program management.

Ms. Robinson-Berry was responsible for product and product services safety, technical integrity and engineering for a $22 billion business unit of Boeing.

Her engineering and operations experience make her well qualified as a member of the Valmont board of directors.