LaSorda Brings Extensive Manufacturing and Operational Experience
DULUTH, Ga.--(BUSINESS WIRE)--Oct. 23, 2009--
AGCO, Your Agriculture Company (NYSE:AGCO), a worldwide manufacturer and
distributor of agricultural equipment, today announced the election of
Tom W. LaSorda to its board of directors effective December 6, 2009.
“Tom’s broad strategic and leadership experience will make him a valued
board member,” said Martin Richenhagen, Chairman, President and CEO of
AGCO Corporation. “Adding his experience to the wealth of skills and
collective knowledge of our Board gives us every opportunity to
capitalize on the opportunities facing our industry.”
The distinguished career of Mr. LaSorda has spanned more than 32 years,
and his leadership experience includes positions as Vice Chairman,
President and Board Member of Chrysler Group and President, Chief
Executive Officer and Board Member of DaimlerChrysler AG. He also served
as Vice President, Quality, Reliability & Competitive Operations
Implementation, for GM North America and gained international experience
in his role as President of Opel Eisenach GmbH, Germany.
Mr. LaSorda will replace David Momot who will be retiring from the AGCO
Board of Directors effective December 6, 2009. “David played a major
role in the growth and success of AGCO during his years of service on
the Board. I want to thank him for the contributions he has made,” Mr.
AGCO, Your Agriculture Company (NYSE: AGCO), was founded in 1990 and
offers a full product line of tractors, combines, hay tools, sprayers,
forage, tillage equipment, implements, and related replacement parts.
AGCO agricultural products are sold under the core brands of
Challenger速, Fendt速, Massey Ferguson速 and Valtra速, and are distributed
globally through more than 2,800 independent dealers and distributors,
in more than 140 countries worldwide. AGCO provides retail financing
through AGCO Finance. AGCO is headquartered in Duluth, Georgia, USA. In
2008, AGCO had net sales of $8.4 billion. Please visit our website at www.AGCOcorp.com.
Greg Peterson, 770-232-8229
Director, Investor Relations