Board of Directors

Robert Scheuer

Chairman of the Board, Director

Mr. Scheuer, age 68, has served in a series of senior executive roles at Dover Corporation, an $8 billion Fortune 500 company. Most recently, from 2011 to 2014, Mr. Scheuer was Chief Financial Officer and Vice President Finance of Dover Engineered Systems, a $3.8 billion business segment of Dover Corporation. In this role, Mr. Scheuer provided strategic guidance to the 14 operating company CEOs/CFOs in the segment and directed over 140 global employees in FP&A, budgeting, forecasting, acquisitions, compliance, accounting and reporting. Prior to this role, from 2007 to 2011 Mr. Scheuer served as Chief Financial Officer and Vice President of Finance of Dover Industrial Products, a $2.4 billion business segment of Dover Corporation and from 1998 to 2007 as Chief Financial Officer and Vice President of Finance of Dover Industries, a $1.2 billion business segment of Dover Corporation. Prior to his tenure at Dover Corporation, from 1986 to 1998, Mr. Scheuer served in a variety of leadership roles at Kraft Foods, Inc., most recently as Controller of the Grocery Products Division, a $1.7 billion multi-brand portfolio with 6 major product lines. Mr. Scheuer received a Bachelor of Science degree from DePaul University and an MBA from Northwestern University J.L. Kellogg School of Management.

Tim Averkamp

Chief Executive Officer & Director

Mr. Averkamp, age 54, joined Somero in April 2025 as the Chief Executive Officer. Mr. Averkamp has 30 years of international experience in industrial manufacturing, construction machinery, and equipment innovation. Most recently, he was Chief Operating Officer at Stoughton Trailers, LLC, one of the largest trailer manufacturers in North America. Prior to this, Mr. Averkamp served for four years as Group President at Astec Industries, Inc. (NASDAQ: ASTE), a global manufacturer of specialized infrastructure equipment. He led both the Construction Machinery Solutions and the Materials Solutions Groups which encompassed road building and paving, forestry and recycling, and aggregate processing equipment produced and sold globally. This followed 22 years with Deere & Company (NYSE:DE) with various leadership positions primarily within the Construction and Forestry Equipment Division. His roles included President of the Transaxle Manufacturing of America, a Joint Venture business between Deere and Yanmar/Kanzaki, Director of Business Partner Integration over Deere’s JV businesses with Hitachi Construction Equipment Company and Bell Equipment, Engineering Manager, Product Marketing Manager, and other technical and commercial positions. Mr. Averkamp has a Bachelor of Science in Mechanical Engineering from the University of Wisconsin-Platteville and a Master of Business Administration from the University of Dubuque, Iowa.

Vincenzo (Enzo) LiCausi

Chief Financial Officer, Secretary & Director

Mr. LiCausi, age 53, joined Somero in September 2018 as Vice President of Finance & Controller. Mr. LiCausi has over 25 years of experience in various finance and senior management roles. Most recently, Mr. LiCausi served as Vice President of Finance of Conformis Inc., a global NASDAQ listed orthopedics manufacture and marketer. Prior to his role at Conformis, Mr. LiCausi held a variety of senior financial roles at Cambridge Heart, C.R. Bard, Gillette, and Tropicana (PepsiCo) in addition to serving as an Audit Senior at Deloitte & Touche LLP. Mr. LiCausi earned a Bachelor of Science degree in Accountancy from Bentley University in Boston, Massachusetts.

Thomas M. Anderson

Chair of the Remuneration Committee, Director

Mr. Anderson, age 74, retired after 30 years of service as president and chief executive officer of Schwing America, Inc. to become the president and managing partner of Schwing Bioset, Inc. He also served as the managing partner of Concrete Pump Repair from 1989 to 2013. Mr. Anderson participated in compensation decisions for all three companies. He is also a partner in Engineered Chassis Systems, a specialty truck manufacturer. He spent 22 years on the board of directors of the American Concrete Pumping Association and five years as the president of the Concrete Pump Manufacturers Association. Mr. Anderson previously served on the board of directors of Somero Enterprises, Inc. from 1997 to 1999 prior to the sale of the Company to Dover Corporation. Along with his affiliation with Somero, Mr. Anderson stays active in the concrete industry with an investment in Southwest Concrete Pumping based in Colorado.

Anne Ellis

Director

Ms. Ellis, age 67, is a professional engineer with four decades of experience in the architecture, engineering, and construction industry. Ms. Ellis served as the 90th president (2013-2014) of the American Concrete Institute. She is coauthor of the “Concrete Design and Construction” section of the Standard Handbook for Civil Engineers, Fifth Edition. Ms. Ellis' experience includes as a director on 16 boards, chairing four. Additionally, she serves as a strategic advisor to several engineering and environmental companies as well as construction technology start-ups. She is past chair of the Board of Directors of the National Institute of Building Sciences and serves by invitation on the Industry Leaders Council of the American Society of Civil Engineers. From 2008-2016, she served in a series of growth-enabling corporate roles, including director of innovation at AECOM, a $20 billion publicly traded professional services and construction company with 100,000 employees operating in 154 countries. From 2004-2018, Ms. Ellis served by appointment of five U.S. cabinet secretaries to their federal advisory committee addressing matters of energy and trade policy. Ms. Ellis was inducted into the National Academy of Construction in 2019.

James M. Field

Director

James M. Field brings over 25 years of global executive leadership experience to the Board, having held top senior roles across finance, operations, and enterprise strategy at Deere & Company (John Deere)—a Fortune 100 global leader with tens of billions in annual revenue and over 70,000 employees worldwide. During his tenure at Deere, he served as President of Worldwide Construction & Forestry and Power Systems, President of Agriculture & Turf, and Senior Vice President and Chief Financial Officer. His expertise spans large-scale global operations, capital allocation, M&A, product development, and complex dealer network management. Prior to joining Deere in 1994, Mr. Field held several assignments at Deloitte & Touche. He currently serves on the Board of Directors of QCR Holdings, Inc. (NASDAQ: QCRH), where he is Vice Chair, and Chair of the Audit Committee, as well as Quad City Bank & Trust. His previous civic and non-profit leadership includes board service for St. Ambrose University, Hand in Hand, and the Executive Committee of the PGA TOUR’s John Deere Classic. Mr. Field is a Certified Public Accountant (CPA). He holds a bachelor’s degree from Western Michigan University and completed executive education at the Tuck School of Business at Dartmouth.

James Vanasek

Director

James Vanasek is the sole Principal and Managing Partner at VN Capital Management, LLC, a value-investing firm he co-founded in 2002 which currently has approximately USD $65 million under management. Prior to forming VN Capital Management, LLC, Mr. Vanasek spent the previous three and a half years working at JPMorgan Chase & Co, initially, providing financial restructuring advice during the Asian economic crisis and later focusing on leveraged finance to U.S. and Latin American companies in JPMorgan's Financial Sponsor Coverage and Global Syndicated Finance groups. Mr. Vanasek currently serves as a board member of Big Rock Brewery, Inc. a publicly traded Canadian company and was the former Chairman of Ceres Global Ag Corp. until its sale to Barlett Grain in 2025. Mr. Vanasek earned a B.A. degree from Yale University, a J.D. degree from Columbia Law School, and an M.B.A. degree from Columbia Business School. He currently is a member of the New York State Bar.