Tim Averkamp
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.