Altec, Inc.,of Birmingham, Alabama, has voted Allen W. Ritchie as its new President and Chief Executive Officer and newest Board of Directors member.
Altec is a leading equipment and service provider for the electric utility, telecommunications, contractor, lights and signs and tree care markets providing products and services to over 100 countries globally.
A third-generation family-owned business founded by Lee Styslinger in 1929, Altec said that Ritchie will report to the Ownership Council comprised of Lee Styslinger III, Jon Styslinger and Mark Styslinger who were also named Co-Chairmen of the company’s Board of Directors.
Ritchie joined Altec as its Senior Vice President and Chief Financial Officer in 2007, and possesses broad and deep experience in manufacturing and distribution, financial services, and service technology organizations.
Prior to joining Altec, Ritchie served as the Chief Financial Officer of Protective Life Corporation, a financial services company headquartered in Birmingham, and had held several executive management positions including Chief Financial Officer and President of AGCO Corporation, a publicly traded global manufacturer and distributor of agricultural equipment headquartered in Atlanta. He was also President and Chief Executive Officer of Per-Se Technologies, a publicly traded healthcare services and technology company headquartered in Atlanta. He started his career with the accounting firm Arthur Andersen, where he was a partner in the Atlanta office.
Ritchie said: “I appreciate the support and confidence of the Styslinger family and Altec’s Board of Directors. I am extremely excited to be leading Altec and our outstanding team of associates at such an important time as we position Altec for further success in the future.”
Company information available at www.altec.com.