AGCO Appoints Tom W. LaSorda to Board of Directors.LaSorda Brings Extensive Manufacturing and Operational Experience DULUTH, Ga. -- AGCO AGCO Alcohol and Gaming Commission of Ontario AGCO Anderson, Greenwood, & Company AGCO After Google Check-Out , Your Agriculture Company (NYSE NYSE See: New York Stock Exchange :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 (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of AGCO Corporation. "Adding his experience to the wealth of skills and collective knowledge of our Board gives us every opportunity to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. 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 North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. 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. Richenhagen continued. ABOUT AGCO 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[R], Fendt[R], Massey Ferguson Massey Ferguson Limited is a major agricultural equipment manufacturer. Originally started in Canada it became one of the country's largest industrial concerns in the 1960s. [R] and Valtra[R], 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 Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight of $8.4 billion. Please visit our website at www.AGCOcorp.com. |
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