As a result of the retirements of two key management team members, John Deere announced changes to its executive team and a slight reorganization will occur in the company in order to adjust to these vacancies.
According to a company release, the reorganization will allow John Deere to enhance its ability to execute its business strategy and develop and broaden leadership talent within the Moline, Illinois-based organization.
"Deere is a company well known for leadership development," said Samuel R. Allen, chairman and chief executive officer. "As we continue to pursue our global aspirations, I am confident these leadership changes will ensure continued management effectiveness and improved organizational alignment as we work towards our 2018 growth targets."
The release noted that two senior management professionals at the company agreed to communicate their retirement plans early in order to allow John Deere to move forward as quickly as possible.
The Wall Street Journal reported that John Deere named John C. May its chief information officer and president of Agricultural Solutions, the group that is responsible for monitoring technical aspects like GPS, wireless technology and guidance systems.
John Deere announces changes to management team
The reorganization will allow John Deere to enhance its ability to execute its business strategy and develop and broaden leadership talent within the Moline, Illinois-based organization.