DULUTH, Ga.--(BUSINESS WIRE)--Jul. 1, 2014--
AGCO (NYSE: AGCO), a global leader in the design, manufacture and
distribution of agricultural machinery and solutions, announced that
Richard Markwell, Vice President and Managing Director Massey Ferguson
in Europe, Africa and Middle East (EAME), has been elected new President
of CEMA, the association representing the producers of agricultural
machinery in Europe.
Richard Markwell, AGCO, elected new President of CEMA. (Photo: Business Wire)
Mr. Markwell succeeds Gilles Dryancour (John Deere) who had been
chairing the association for the past five years. The official handover
took place during the last CEMA Board meeting in Brussels on 18 June.
“It is important that AGCO is an integral part of associations like
CEMA, driving the way forward for the agricultural industry. We are very
confident that Richard will serve AGCO and the industry well in this
position,” said Martin Richenhagen, Chairman, President and CEO of AGCO.
Commenting on the election, Mr. Markwell said: “It is a pleasure and
honor to take over the chairmanship of CEMA at such an exciting and
challenging time.”
“Today, agricultural machinery represents a remarkably strong, vibrant
and dynamic industry sector in Europe. Working together with the CEMA
members, my aim is to ensure that our industry will continue to flourish
and be in a position to offer innovative solutions to farmers worldwide.”
AGCO takes the challenge of feeding a growing global population very
seriously. Advanced farm machinery solutions are key to solving the
challenge of doubling world food production and being able to feed 10
billion people in a sustainable manner by 2050. AGCO is committed to
producing equipment and solutions for professional producers working to
do just that.
“CEMA will work closely with the new European Commission and Parliament
to ensure that the EU will find appropriate policy concepts that will
benefit Europe’s industrial base, including the agricultural machinery
sector.”
The CEMA President is elected for a two-year term and is eligible for
re-election once.
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
ABOUT CEMA
CEMA is the European association representing the agricultural
machinery industry. The industry represented by CEMA includes 4,500
manufacturers of agricultural equipment employing directly 135,000
persons and indirectly in the distribution and service network another
125,000 persons. The companies are mainly small and medium-sized
manufacturers according to the EU definition and in 2011 had a total
turnover of 26 billion euro.
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20140701005872/en/
Source: AGCO
AGCO
Rebecca Fabian, 646-415-8518
Rebecca.Fabian@instinctif.com
or
Investor
contact:
Greg Peterson, 770-232-8229
greg.peterson@agcocorp.com
