DULUTH, Ga.--(BUSINESS WIRE)--Oct. 25, 2013--
AGCO, Your Agriculture Company (NYSE:AGCO), a worldwide manufacturer and
distributor of agricultural equipment, announced today the election of
Roy Armes, Chairman, President and CEO of Cooper Tire and Rubber
Company, and Michael Arnold, President and CEO of Ryerson Inc., to its
Board of Directors effective immediately.
"Roy and Michael both bring extensive leadership experience with
manufacturing companies and will provide an important perspective and
contribution to our board," said Martin Richenhagen, Chairman, President
and CEO of AGCO Corporation. "The addition of their global manufacturing
experience to the collective knowledge of our Board better positions
AGCO for the opportunities facing our industry."
Mr. Armes joined Cooper Tire and Rubber Company in 2007 as President and
CEO and was appointed Chairman in 2008. Before joining Cooper Tire and
Rubber Company he held a number of executive positions with Whirlpool
Corporation beginning in 1975. He holds a Bachelor of Science in
Mechanical engineering from the University of Toledo. Mr. Armes also
serves on the Board of The Manitowoc Company.
Mr. Arnold has served as President and CEO of Ryerson, Inc. since 2011.
Prior to joining Ryerson, he spent over 30 years with The Timken Company
in a number of increasingly responsible senior management positions. He
holds an MBA from Akron University and is a graduate of the Harvard
Advanced Management program. Mr. Arnold also served on the Board of
Gardner Denver, Inc.
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 five core machinery
brands, Challenger®, Fendt®, Massey Ferguson®, Valtra® and GSI®, and are
distributed globally through 3,150 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 2012, AGCO had net sales of
$10.0 billion. For more information, see http://www.agcocorp.com
Source: AGCO
AGCO
Greg Peterson, 770-232-8229
Director, Investor Relations
greg.peterson@agcocorp.com
