AGCO Appoints Roy Armes and Michael Arnold to Board of Directors
DULUTH, Ga. -- October 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
"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
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.
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
Greg Peterson, 770-232-8229
Director, Investor Relations
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