Content about AGCO

December 23, 2013

AGCO has announced the retirement of two of its SVPs, Randy Hoffman and David Caplan, effective Dec. 31.

"As highly respected business professionals in the industry, we extend our well wishes, appreciation and gratitude to Randy and David for their many years of inspirational leadership and personal dedication to AGCO," said Martin Richenhagen, chairman, president and CEO of AGCO. “Both men have left a lasting impact on the agricultural industry as well as supporting AGCO as a global leader in the market.”

October 28, 2013

Agricultural equipment manufacturer AGCO has added two new members to its board of directors.

Roy Armes, who is president, chairman and CEO of Cooper Tire and Rubber Company, as well as Michael Arnold, president and CEO of Ryerson Inc., have joined the board effective immediately.

September 17, 2013

AGCO is teaming up with Russian Machines on a new joint venture involving the manufacture and distribution of agricultural equipment in Russia.

Operations are expected to begin in early 2014 at a facility in Golitsyno, near Moscow. Together, the two companies will have equal ownership and will invest approximately $100 million over the next three years. The vision involves AGCO bringing more of its high-tech products to Russia, with Russian Machines facilitating production and local business development.