AGCO Announces the Retirement of Senior Vice Presidents

  AGCO Announces the Retirement of Senior Vice Presidents

Business Wire

DULUTH, Ga. -- December 20, 2013

AGCO, Your Agriculture Company (NYSE: AGCO), a worldwide manufacturer and
distributor of agricultural equipment, today announced the retirement of
Senior Vice Presidents, Randy Hoffman and David Caplan. The announced changes
will be effective on December 31, 2013. "As highly respected business
professionals in the industry, we extend our well wishes, appreciation and
gratitude to Randy and David for their many years of inspirational leadership
and personal dedication to AGCO," said Martin Richenhagen, Chairman, President
and CEO of AGCO. “Both men have left a lasting impact on the agricultural
industry as well as supporting AGCO as a global leader in the market.”

Randy Hoffman, Senior Vice President, Global Sales & Marketing and Product
Management, joined AGCO in 1995 and has been instrumental in the growth of the
company through key management positions ranging from regional marketing
manager to Senior Vice President. He led the development of multiple global
brand strategies, expansion of AGCO’s presence into new and emerging markets
and spearheaded the implementation of AGCO’s Sustainability strategy. He also
laid the groundwork for AGCO’s successful launch of the Challenger® brand.

David Caplan brought more than 20 years of purchasing, logistics and
manufacturing operations experience when he joined AGCO as Senior Vice
President of Materials Management Worldwide, in 2003. David effectively
realigned the structure of and implemented new processes within AGCO’s
purchasing organization. Among many other accomplishments, David also
supported significant cost-savings initiatives in North America and launched
AGCO’s Global Purchasing Excellence initiative.

Challenger® is a registered trademark of Caterpillar, Inc. and is used under
license by AGCO.

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®, GSI®, Massey
Ferguson® and Valtra®, and are distributed globally through 3,150 independent
dealers and distributors in more than 140 countries worldwide. Founded in
1990, AGCO is headquartered in Duluth, Ga., USA. In 2012, AGCO had net sales
of $10 billion. www.AGCOcorp.com

Contact:

AGCO
Press contact:
Rebecca Fabian, 646-415-8518
rf@stockheim-media.com
or
Investor contact:
Greg Peterson, 770-232-8229
greg.peterson@agcocorp.com