AGCO Announces Chief Supply Chain Officer Succession
21 Juli 2022 - 2:00PM
Business Wire
Hans-Bernd Veltmaat to retire as Chief Supply
Chain Officer
Tim Millwood appointed Chief Supply Chain
Officer effective August 15, 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 Tim Millwood to succeed
Hans-Bernd Veltmaat as Senior Vice President and Chief Supply Chain
Officer effective August 15, 2022. Mr. Millwood joins AGCO
following a more than thirty-year career at Cummins Inc (NYSE:
CMI), a global power technology leader, where he most recently
served as Vice President, Global Manufacturing.
Hans-Bernd Veltmaat has chosen to retire from AGCO on December
31, 2022. He will serve as a Strategic Advisor for the remainder of
his tenure. “I want to thank Hans-Bernd for his significant
contributions to the Company over the past fourteen years. His
leadership helped transform our global manufacturing network to
enable our farmer-focused product strategy. We appreciate his
continued support through the end of the year and wish him well
during his retirement,” said Eric Hansotia, AGCO’s Chairman,
President and CEO.
Mr. Millwood’s career at Cummins included multiple international
assignments culminating in his leadership of purchasing and
manufacturing over the past decade. He holds a bachelor’s degree in
industrial engineering from the Georgia Institute of
Technology.
“We are pleased to welcome Tim to the AGCO Senior Leadership
Team,” Mr. Hansotia continued. “Tim has a proven track record of
building strong teams that deliver great results. We look forward
to leveraging his expertise as we accelerate our farmer first
strategy.”
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20220720006026/en/
Greg Peterson Vice President, Investor Relations (770) 232-8229
Greg.Peterson@AGCOcorp.com
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