OMAHA, Neb.--()--Lindsay Corporation (NYSE: LNN), a leading provider of irrigation systems and infrastructure products, announced today that, Steven “Steve” Cotariu has joined Lindsay Corporation as President - Infrastructure Business, a position vacant for the previous 6 months, with responsibility for the Company’s road safety & traffic mitigation, railroad products, and diversified manufacturing businesses. For the past 8 years, Mr. Cotariu was employed by Pentair, Inc., most recently as Vice President, Product Marketing & Strategy. Steve’s previous experience included positions with Textron, Inc., McKinsey & Company, and the United States Army. Mr. Cotariu earned a Bachelor of Science degree from the U.S. Military Academy, West Point, a Master of Science, Physics, degree from San Jose State University and a M.B.A. from The Wharton School, University of Pennsylvania.
“We are very pleased to have Steve join our team. Steve’s proven business management skills and extensive experience in marketing and business development will be invaluable in the continued profitable growth and development of our infrastructure business.”
Rick Parod, President and Chief Executive Officer of Lindsay Corporation, commented, “We are very pleased to have Steve join our team. Steve’s proven business management skills and extensive experience in marketing and business development will be invaluable in the continued profitable growth and development of our infrastructure business.”
About the Company
Lindsay manufactures and markets irrigation equipment primarily used in agricultural markets which increase or stabilize crop production while conserving water, energy, and labor. The Company also manufactures and markets infrastructure and road safety products through its wholly owned subsidiaries, Barrier Systems Inc. and Snoline S.P.A. At July 6, 2010, Lindsay had approximately 12.5 million shares outstanding, which are traded on the New York Stock Exchange under the symbol LNN.
For more information regarding Lindsay Corporation, see Lindsay's Web site at www.lindsay.com. For more information on the Company's infrastructure products, visit www.barriersystemsinc.com and www.snoline.com.
Concerning Forward-looking Statements
This release contains forward-looking statements that are subject to risks and uncertainties and which reflect management's current beliefs and estimates of future economic circumstances, industry conditions, company performance and financial results. You can find a discussion of many of these risks and uncertainties in the annual, quarterly and current reports that we file with the Securities and Exchange Commission. Forward-looking statements include information concerning possible or assumed future results of operations of the company and those statements preceded by, followed by or including the words "anticipate," "estimate," "believe," "intend," "expect," "outlook," "could," "may," "should,", "will" or similar expressions. For these statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The Company undertakes no obligation to update any forward-looking information contained in this press release.

