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AGCO today announced that Martin Richenhagen has chosen to retire as Chairman, President and Chief Executive Officer on December 31, 2020. The Company further announced that its Board of Directors has appointed Eric Hansotia, currently AGCO’s Senior Vice President and Chief Operating Officer, to succeed Mr. Richenhagen as Chairman, President and Chief Executive Officer effective January 1, 2021.
São Paulo (Nov. 6, 2018) - Global Chairman, President and CEO of AGCO, a leading company in the design, manufacture and distribution of agricultural machinery and solutions, Martin Richenhagen, has reassured his level of confidence in the South America’s agricultural scenario. The CEO visits Brazil this week. With global sales 12% higher in comparison to 2017, boosted by good crop yields in the region, AGCO’s CEO predicts that 2019 will be a year of consistent growth. "We are optimistic about the agricultural scenario in South America, especially in Brazil. Even with the uncertainties in the Brazilian economy and politics, we managed to achieve positive figures and grow in relation to the previous year. Expectations for the coming years are the best possible, so we have invested both in renewing our brands portfolio and in high-technology factories in the region, consolidating AGCO in the era of Industry 4.0", says Richenhagen.
AGCO today that Eric Hansotia, Senior Vice President, Global Crop Cycle and Fuse Connected Services, has been appointed Chief...