AGCO Announces Chief Financial Officer Succession
15 Juni 2022 - 2:00PM
Business Wire
Andy Beck to retire as Chief Financial Officer
Damon Audia appointed Chief Financial Officer effective July 1,
2022
AGCO, Your Agriculture Company (NYSE:AGCO), a worldwide
manufacturer and distributor of agricultural equipment,
infrastructure and precision ag technology, announced today that
its Board of Directors has appointed Damon Audia to succeed Andy
Beck as Senior Vice President and Chief Financial Officer (CFO)
effective July 1, 2022. Mr. Audia joins AGCO from Kennametal Inc.
(NYSE: KMT), an industrial technology leader specializing in
tooling and wear-resistant solutions, where he served as the CFO
since August 2018.
Andy Beck will retire from AGCO in early 2023. He will serve as
Senior Advisor to both the CEO and the new CFO for the remainder of
his tenure. “On behalf of the AGCO team, I want to thank Andy for
his outstanding contributions over the past 28 years, the last 20
years as our CFO,” said Eric Hansotia, AGCO’s Chairman, President
and Chief Executive Officer. “Andy has served AGCO with great
distinction and loyalty through the years, and we are enormously
thankful for his contributions to the Company. He has been a model
of corporate leadership and integrity in the industry. We thank him
for his continued support into 2023 and we wish him well in his
retirement from the Company.”
Prior to Kennametal, Mr. Audia served as Senior Vice President
and CFO at Carpenter Technology Corporation, a global manufacturer
of premium specialty alloys. He also spent ten years in various
leadership roles at The Goodyear Tire and Rubber Company, most
recently serving as Senior Vice President of Finance for the
company's North America division. In addition, Mr. Audia held
various financial positions at Delphi Corporation and General
Motors. Damon received a Master of Business Administration degree
from Carnegie Mellon University and an undergraduate degree in
general studies from the University of Michigan.
“We are pleased to welcome Damon to the AGCO Senior Leadership
Team,” Mr. Hansotia continued. “He is a seasoned leader with broad
financial experience and a proven track record making him an
excellent candidate for this role. His wealth of financial
knowledge and extensive manufacturing experience will be invaluable
as we continue to evolve AGCO’s smart solutions for our farmer
customers.”
About AGCO
AGCO (NYSE:AGCO) is a global leader in the design, manufacture
and distribution of agricultural machinery and precision ag
technology. AGCO delivers customer value through its differentiated
brand portfolio including core brands like Challenger®, Fendt®,
GSI®, Massey Ferguson®, Precision Planting® and Valtra®. Powered by
Fuse® smart farming solutions, AGCO’s full line of equipment and
services help farmers sustainably feed our world. Founded in 1990
and headquartered in Duluth, Georgia, USA, AGCO had net sales of
approximately $11.1 billion in 2021. For more information, visit
www.AGCOcorp.com. For company news, information and events, please
follow us on Twitter: @AGCOCorp. For financial news on Twitter,
please follow the hashtag #AGCOIR.
Please visit our website at
www.agcocorp.com
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version on businesswire.com: https://www.businesswire.com/news/home/20220614005704/en/
Greg Peterson Vice President, Investor
Relations (770) 232-8229 Greg.Peterson@AGCOcorp.com
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