The Industrial Equipment Division will include the Company’s vocational truck business and other industrial operations such as excavators, vacuum trucks, street sweepers, and snow removal equipment. This realignment of our two divisions provides greater potential to capture synergies in cross-branding, distribution, product development, supply chain management, and logistics. They are also more balanced in scale and scope giving the company two strong platforms for ongoing development through a mix of organic growth and acquisitions.

The Vegetation Management Division will be led by Rick Raborn who is currently serving as Executive Vice-President of the Company’s Agricultural Division. The Industrial Equipment Division will be led by Michael Haberman, who is currently leading the Company’s excavator and vacuum truck business units and who served as the President of the Company’s Gradall business from 2006 to 2020.

Jeff Leonard, Alamo Group’s President, and Chief Executive Officer said,

“Rick Raborn has done an outstanding job managing the Company’s Agricultural Division over the last six years. I believe his sense of urgency as well as his focus on growth and continuous improvement will translate into success as he assumes responsibility for a significantly larger division with Alamo Group. Mike Haberman has been a highly valued leader within Alamo Group since 2006 when Alamo Group initially acquired the Gradall business. His leadership qualities and many years of experience and success within our industrial segment make him ideally suited to lead the new Industrial Equipment Division. I am very confident that Mike will continue to lead successfully in his new role.”

In addition to the above segment-related changes, Alamo Group has appointed Dan Malone to serve as the Company’s first Chief Sustainability Officer in an effort to enhance the Company’s focus on environmental and social governance and related sustainability efforts.

Mr. Malone will transition from his current position as the Company’s Executive Vice President and Chief Financial Officer to take on his new role as Chief Sustainability Officer but will continue to have several other important additional responsibilities, including investor relations and supply chain management. Richard Wehrle will assume the role of Executive Vice-President and Chief Financial Officer. Mr. Wehrle has been with Alamo Group since 1988 serving in roles of increasing responsibility, and most recently as the Company’s VicePresident, Controller, and Treasurer.

Mr. Leonard commented on the above changes as follows,

“it is time for Alamo Group to add a senior executive level role in sustainability and we are fortunate that we have someone as talented and passionate on this subject as Dan Malone. We have made some good progress over the last few years in making Alamo Group a more sustainable company but we have many more opportunities to pursue and some hard work ahead of us.
With my support and the support of our Board of Directors, Dan will lead these important efforts and push our Company to improve in this area considerably, which I believe will position us for long-term success. I am also very confident in having Mr. Wehrle assume the role of Chief Financial Officer. He has proven himself over many years as a valuable leader with very strong financial acumen and a tremendous passion for the Company. I look forward to working more closely with Richard as we continue to build on Alamo Group’s past success.”

The post Alamo Group Announces Prospective Change in Segment Reporting, Executive Leadership Appointments, and Enhanced Focus on Sustainability appeared first on North America FarmQuip Magazine.

“New Holland and Alamo Group’s agricultural brands are committed to delivering innovative and trusted solutions to get work done. Our dealers and customers depend on our equipment to work hard every day. This partnership allows us to offer competitive packages to meet the demands of any farm, ranch, or property maintenance application. We’re pleased to provide this opportunity through our dealer locations throughout North America,”

said Brett Davis, vice president of New Holland Agriculture North America.

Through this partnership, New Holland dealers can expand their implement lineup and offer solutions for a variety of applications with complimentary New Holland tractors in one packaged deal. The ability to finance together through CNH Industrial Capital, the financial services business of CNH Industrial, simplifies New Holland customers’ purchase process.

“We are excited about this new alliance. New Holland has been a strong partner to our Bush Hog, Rhino, and Schulte brands and we look forward to continuing to build on our success together,”

said Rick Raborn, EVP of Alamo’s Agricultural Division.

Applicable Alamo Group products are those branded under the Bush Hog, Rhino, and Schulte offerings that attach to the tractor via its three-point hitch or drawbar. Front-end loaders, mid-mount mowers, and hay tools are excluded from the partnership agreement.

The post New Holland Agriculture Announces Strategic Partnership with Alamo Group appeared first on North America FarmQuip Magazine.

Mr. Leonard has been with Alamo Group since September 2011 and is currently serving as the Executive Vice-President of the Company’s Industrial Division. Mr. Robinson will continue as an employee of the Company to assist in the transition until August 1, 2021, and thereafter will remain as a member of the Company’s Board of Directors.

On behalf of the Board of Directors, Roderick R. Baty, Alamo Group’s Chairman said:

“Jeff Leonard’s promotion to President and CEO is the culmination of the Board’s careful CEO succession planning process. Jeff is a talented executive and a strong leader who has been very successful in leading the Company’s Industrial Division since he joined Alamo Group in 2011. With his mix of experience and strategic vision, we are confident that Jeff is the right person to lead the Company in its next phase of growth and development. We look forward to working with Jeff and the rest of the management team to ensure a seamless transition.”

Mr. Robinson added:

“Jeff and I have worked together for 10 years. He is ready to take on this leadership assignment and I am confident in his ability to guide the Company going forward.”

Mr. Leonard said:

“I am honored to succeed Ron and I look forward to leading Alamo Group and its dedicated team of employees during such an important time for the Company. I would like to offer my sincere thanks to Ron for his leadership during his tenure as CEO and for his valuable advice to me over the past several years. I see a very bright future ahead for Alamo Group and I am excited about the prospect of our global Alamo Group team creating an even stronger company while delivering long-term sustainable growth and profitability for our stockholders.”

Source: Alamo Group

The post Alamo Group Announces CEO Succession Plan appeared first on North America FarmQuip Magazine.

Research report provided by Reports Monitor is a detailed study of the Farm Equipment market, which covers all the essential information required by a new market entrant as well as the existing players to gain a deeper understanding of the market. Farm Equipment Market report is divided in terms of regions, product type, applications –

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The post Impact of Covid-19 on Farm Equipment Market 2020-2025 , John Deere, AgCo Corporation, CNH Industrial, ETC. appeared first on North America FarmQuip Magazine.

Previously, the Company announced the temporary closure of its facilities in France, and while those facilities remain closed, they are working on plans to resume limited production in the second half of April. Additionally, Alamo’s two UK facilities will be temporarily closing this week, but like our French operations, expect to be operational by the second half of April or as of such time as the impacts of coronavirus is mitigated.

In North America, the Company’s Super Products Plant near Milwaukee also closed temporarily on Monday but is expected to reopen in a few days, and several of our other operations are furloughing some of their workforces temporarily due to the factors listed above. Plus, all of the Company’s plants are experiencing somewhat higher levels of employee absences, as some employees are self-quarantining, others are staying home to care for children out of school and still, others are out for normal reasons of absence. It should also be noted that the Company has approximately 500 employees working remotely and that number is growing daily as conditions allow.

Despite the above challenges, Alamo Group continues to conduct business and meet most
customer requirements in a timely fashion. Even the Company’s operations that are temporarily closed have the capability to meet the most urgent needs of our customers.

Source: Alamo Group

The post Alamo Group updates about Covid-19 appeared first on North America FarmQuip Magazine.