---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-079821"
form_type: "8-K"
ticker: "VMI"
cik: "0000102729"
company_name: "VALMONT INDUSTRIES INC"
filed_at: "2023-07-11T23:59:59+00:00"
generated_at: "2026-06-13T09:45:27.048697+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Valmont names CFO Avner Applbaum as President and CEO, replacing Stephen Kaniewski; Timothy Francis interim CFO

## Summary
- Avner Applbaum, former EVP and CFO since March 2020, appointed President and CEO effective July 11, 2023.
- Stephen Kaniewski steps down as CEO and resigns from Board; departure not related to company operations or accounting.
- Timothy Francis, SVP Finance Business Partner, named interim CFO.
- Applbaum led Valmont's finance organization, IT, and cybersecurity; instrumental in growth strategy execution.

## SEC filing metadata
- accession: 0001104659-23-079821
- form_type: 8-K
- ticker: VMI
- cik: 0000102729
- company_name: VALMONT INDUSTRIES INC
- filed_at: 2023-07-11T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/102729/000110465923079821/0001104659-23-079821-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/102729/000110465923079821/tm2320998d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-079821
- JSON: https://secwatch.observer/filing/0001104659-23-079821.json
- Plain text: https://secwatch.observer/filing/0001104659-23-079821.txt

## Key facts
- Executive change
  Stephen G. Kaniewski departed as member of the Board of Directors at VALMONT INDUSTRIES INC.
  - Action: resigning
  - Role: member of the Board of Directors
  source text: who is stepping down to pursue other opportunities and also resigning as a member of the Board of Directors.
  evidence_url: https://www.sec.gov/Archives/edgar/data/102729/000110465923079821/0001104659-23-079821-index.htm
- Executive change
  Stephen G. Kaniewski departed as Chief Executive Officer at VALMONT INDUSTRIES INC.
  - Action: stepping down
  - Role: Chief Executive Officer
  source text: Mr. Applbaum succeeds Stephen G. Kaniewski, CEO since December 31, 2017, who is stepping down to pursue other opportunities and also resigning as a member of the Board of Directors.
  evidence_url: https://www.sec.gov/Archives/edgar/data/102729/000110465923079821/0001104659-23-079821-index.htm
- Executive change
  Avner M. Applbaum was named as President and Chief Executive Officer at VALMONT INDUSTRIES INC.
  - Action: named
  - Role: President and Chief Executive Officer
  source text: Valmont Industries, Inc. announced that its Board of Directors has named Avner M. Applbaum, current Executive Vice President and Chief Financial Officer, as President and Chief Executive Officer, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/102729/000110465923079821/0001104659-23-079821-index.htm
- Executive change
  Timothy P. Francis was appointed as interim Chief Financial Officer at VALMONT INDUSTRIES INC.
  - Action: appointed
  - Role: interim Chief Financial Officer
  source text: The company also announced the appointment of Timothy P. Francis, current Senior Vice President and Finance Business Partner, Global Operations, as interim Chief Financial Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/102729/000110465923079821/0001104659-23-079821-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.