Third Generation Altorfer Named Executive Vice President

Altorfer Inc. Announces Third Generation Altorfer as Executive Vice President

Altorfer Inc. is pleased to announce the board of directors has elected Derek R. Altorfer to the position of executive vice president, effective February 1, 2012.

Bruce Altorfer, president of Altorfer Inc., says this promotion is timely, as the family-owned business celebrates its 55th anniversary.
“As we reach this milestone, it’s important for us to look back and acknowledge what our company has been able to accomplish. Even more so, we also look to the future, and are excited to see the next generation carry on the legacy Ed Altorfer began in 1957,” says Bruce Altorfer.

Derek Altorfer graduated from Luther College in 2001 with a B.A. in Management Information Systems and a minor in economics. Following graduation, Derek worked at Wells Fargo Bank, N.A. in Minneapolis, and was a firefighter for the City of Plymouth, Minnesota Fire Department.
In 2006, Derek joined Altorfer Inc. as marketing manager, and most recently managed all construction parts operations and information technology (IT) functions of the company.

In his new role as executive vice president, Derek will be responsible for Altorfer Inc.’s five operating divisions; Construction, Power Systems, Ag, Rental Services, and Lift Truck. He will also oversee Finance, Human Resources, Marketing, IT, and Safety.

“This is an exciting time for our company,” says Derek Altorfer. “I have been passionate about the business from a young age, and am fortunate to move into this role surrounded by colleagues who are experts in the industries we serve.”

About Altorfer Inc.
Altorfer Inc. is a licensed Caterpillar® dealer, with 22 locations in 15 cities throughout Iowa, Missouri and Illinois.

In addition to Cat® equipment, Altorfer is an authorized dealer for Lexion, Challenger, AGCO Application Equipment, Taylor, Mitsubishi, JLG, Trail King, and several other allied products.

For more information, visit www.altorfer.com, call 319-365-0551 ext. 2108, or visit Altorfer Inc. on Facebook (www.facebook.com/AltorferInc).

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CAT, Caterpillar, Altorfer Inc., and their respective logos, as well as corporate and product identity used herein, are trademarks and may not be used without permission.