DULUTH, Ga.--(BUSINESS WIRE)--Nov. 11, 2014--
AGCO (NYSE: AGCO), a global leader in the design, manufacture and
distribution of agricultural machinery and solutions, announced today
that Martin Richenhagen, Chairman, President and CEO of AGCO, was
appointed to the President’s Advisory Council on Doing Business in
Africa. The Advisory Council will advise the President, through the
Secretary of Commerce, on strengthening commercial engagement between
the United States and Africa, with a focus on advancing the President's
Doing Business in Africa Campaign as described in the U.S. Strategy
Toward Sub-Saharan Africa of June 14, 2012.
U.S. Department of Commerce Secretary Penny Pritzker announced the 15
business executives appointed to the council during her keynote remarks
at the Discover Global Markets: Sub-Saharan Africa Business Forum in
Atlanta, Georgia on November 5. “I’m very proud to have been selected to
serve on the President’s Advisory Council on Doing Business in Africa,”
said Mr. Richenhagen. “AGCO has been engaged in Africa for many years
now. Our focus areas have been on mechanization, grain storage,
financing solutions and education, which are integral to Africa’s future
food security. We have a growing presence on the ground to contribute
towards these areas now.”
AGCO offers high-tech agricultural solutions for professional farmers
feeding the world. Its comprehensive product line, global reach
and technological solutions help farmers to be more productive and
efficient. In Africa, AGCO has invested in manufacturing capabilities in
Algeria and in improving distribution and parts support in South Africa.
In Zambia, AGCO has launched its first Future Farm to train local
farmers and dealers in modern farm practices. AGCO also hosts the annual
AGCO Africa Summit (www.agco-africa-summit.com)
to promote international investments in African agriculture.
Mr. Richenhagen joined AGCO 10 years ago as President and CEO, and in
August 2006 he was appointed to Chairman of the Board. Mr. Richenhagen’s
career has spanned a wide range of executive and managing directorships
positions. Prior to joining AGCO, he was the executive vice president at
Forbo International SA, a manufacturing firm, headquartered in
Switzerland.
He also served as group president for CLAAS KgaA mbH, a global
manufacturer of agricultural equipment, headquartered in Germany. He
also was the senior executive vice president of Field Operations for
Schindler Holding GmbH in Germany.
Mr. Richenhagen is a member of the Board of Directors of the U.S.
Chamber of Commerce. He has served as Chairman of the Board of the
Association of Equipment Manufacturers (AEM) and is a Life Honorary
Director of AEM. In December 2008, Mr. Richenhagen was also appointed
Honorary Professor to the faculty of agricultural machinery at the TU
Dresden, Dresden University of Technology (Germany).
Mr. Richenhagen has lived overseas for many years, and is fluent in
several languages. Mr. Richenhagen is not only a successful
international business executive, he also served as Chef’d Equipe of the
German Dressage team when the team won a Gold Medal at the 2008 Olympic
Games in China.
ABOUT AGCO
AGCO (NYSE: AGCO) is a global leader in the design, manufacture and
distribution of agricultural machinery. AGCO supports more productive
farming through a full line of tractors, combines, hay tools, sprayers,
forage equipment, grain storage and protein production systems, tillage
implements and replacement parts. AGCO products are sold through five
core machinery brands, Challenger®, Fendt®, GSI®, Massey Ferguson® and
Valtra® and are distributed globally through approximately 3,100
independent dealers and distributors in more than 140 countries
worldwide. Founded in 1990, AGCO is headquartered in Duluth, GA, USA. In
2013, AGCO had net sales of $10.8 billion. www.AGCOcorp.com
Source: AGCO
AGCO
Rebecca Fabian, +1.646.415.8518
rebecca.fabian@instinctif.com