Lindsay Corp. has announced the appointment of Timothy Hassinger as president and CEO and a member of its board of directors, effective October 16, 2017. Hassinger will succeed President and CEO Rick Parod, who previously announced he is retiring later this year after 17 years of service to the company. “The board unanimously agrees that Tim is the right choice to lead this great company into the future,” said Michael C. Nahl, Lindsay’s Chairman of the Board. “He brings global business experience with an exceptional track record of business leadership and creating profitable growth. This, combined with his people and customer focused operating style, has fueled his ability to exceed customer expectations and consistently deliver strong financial results.”
Hassinger, 55, currently serves as President and CEO of Dow AgroSciences, headquartered in Indianapolis, IN. Dow AgroSciences, a subsidiary of The Dow Chemical Co., is a leader in seeds and crop protection chemicals with more than $6 billion of sales in 120 countries and 8,000 employees. “I look forward to working with the board and management team at Lindsay to build on the strong Lindsay brand and innovative products to provide new solutions to customers around the world,” said Hassinger.
Hassinger received his Bachelor of Science degree in Agricultural Economics from the University of Illinois and grew up on a family farm in Central Illinois. He is also active in a number of industry associations, as well as civic and charitable causes.
Nahl concluded, “On behalf of our shareholders, board and executive team, I want to thank Rick Parod for his many contributions over the past 17 years. Under his leadership, Lindsay has grown from a single plant generating approximately $100 million in revenues to an international leader in irrigation solutions, water management and infrastructure products with revenues of over $500 million..”
