DULUTH, Ga.--(BUSINESS WIRE)--Aug. 31, 2012--
AGCO, Your Agriculture Company (NYSE:AGCO), a worldwide manufacturer and
distributor of agricultural equipment and infrastructure, announced
today that Tom Welke is being promoted to the role of Senior Vice
President, Global Grain and Protein -- GSI.
“Tom brings a wealth of experience and demonstrated leadership to this
position and allows us to continue to build our grain storage and
protein business around the world,” said Martin Richenhagen, Chairman,
President and Chief Executive Officer of AGCO Corporation. "He will be
instrumental to our success as we extend our reach in storage and
protein production enabling us to further benefit from increases in
global grain and food demand.”
Mr. Welke had most recently served as Vice President and Managing
Director for GSI China. He has been with GSI since 2008 and was
previously President of the Global Grain business. He joined GSI from
Whirlpool Corporation where he held various leadership roles including
VP of European Product Strategy and Business Teams and VP of North
America Demand and Supply Planning. Tom holds an MBA from the University
of Michigan. Mr. Welke replaces Scott Clawson who has elected to take on
a new role outside of AGCO.
The Company also announced today that Hubertus Muehlhaeuser resigned as
Senior Vice President and General Manager, Europe/Africa/Middle East and
Information Technology. Mr. Muehlhaeuser joined the Company in 2005 and
subsequently served in various positions. Martin Richenhagen, commented,
“We thank Mr. Muehlhaeuser for his valuable contributions over the past
7 years.” Mr. Richenhagen will handle Mr. Muehlhaeuser’s duties on an
interim basis.
About AGCO
AGCO, Your Agriculture Company, (NYSE: AGCO), is a global leader focused
on 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, tillage, implements,
grain storage and protein production systems, as well as related
replacement parts. AGCO products are sold through four core machinery
brands, Challenger®, Fendt®, Massey Ferguson® and Valtra®, and are
distributed globally through 3,100 independent dealers and distributors
in more than 140 countries worldwide. Retail financing is available
through AGCO Finance for qualified purchasers. Founded in 1990, AGCO is
headquartered in Duluth, Georgia, USA. In 2011, AGCO had net sales of
$8.8 billion. http://www.agcocorp.com
Source: AGCO
AGCO
Greg Peterson, 770-232-8229
Director, Investor Relations
greg.peterson@agcocorp.com
