Lindsay Corporation (LNN) announced the planned retirement of Senior Vice President and Chief Financial Officer Brian Ketcham, effective December 31, 2025.
Ketcham, who joined Lindsay in 2016 after a 15-year tenure at Valmont Industries, will remain as a consultant through 2026 to ensure a smooth transition. The company has commenced a search for a new CFO.
Lindsay’s stock is currently trading at $138.13, having gained 18.29% since the start of the year in a period of outperformance.
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CEO Randy Wood lauded Ketcham’s contributions, emphasizing his role in strengthening global capabilities and building a strong finance team. “Brian has been more than a financial steward; he has been a trusted partner and a true friend,” Wood stated, highlighting Ketcham’s impact on shareholder relations.
The company’s proactive search for a successor, aided by a leading executive recruiting firm, underscores its commitment to financial stability. Ketcham expressed gratitude for his time at Lindsay and confidence in the company’s future.
The outgoing CFO leaves the firm in good health. Lindsay’s recent financial performance has been solid. The company reported strong third-quarter fiscal 2025 results, surpassing analyst expectations with earnings per share of $1.78 and revenue of $169.5 million.
In a move demonstrating confidence in its financial health, Lindsay also announced a 3% increase in its quarterly cash dividend to $0.37 per share. This raises the annual dividend rate from $1.44 to $1.48 per share, further enhancing shareholder value.
The announcement of Brian Ketcham’s retirement marks a notable leadership transition for Lindsay Corporation. However, the company’s proactive succession planning, robust financial performance, and commitment to shareholder value suggest a stable outlook.
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