Nebraska-based Lindsay Corp. (NYSE: LNN) has named Tim Hassinger, president and chief executive officer of Indianapolis-based Dow AgroSciences LLC, its next president and CEO. Hassinger will succeed Rick Parod, who is retiring after 17 years with the irrigation, infrastructure and road safety equipment manufacturer.
The move is expected to to take effect October 16.
Hassinger took the lead role at Dow AgroSciences in 2014 and has been with the company for more than 30 years. His previous positions include global commercial leader and vice president for the Crop Protection Global Business Unit, vice president for business in the Europe, Latin America, and Pacific regions and regional commercial unit leader for Greater China. "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," Hassinger said.
Lindsay Corp. touts annual revenues of more than $500 million and Chairman of the Board Michael Nahl says "Tim is the right choice to lead this great company into the future. 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."
Dow AgroSciences is a subsidiary of The Dow Chemical Co. (NYSE: DOW), which officials say is nearing the conclusion of a planned $130 billion merger with DuPont (NYSE: DD). Plans following the resulting DowDuPont combination involve spinning-out three independent companies, including an $18 billion agriculture business that will maintain a major presence at the current Dow AgroSciences facility in Indianapolis. Last month, Dow and DuPont executives reaffirmed that the closing is set for August.