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AGCO ANNOUNCES RETIREMENT OF TWO SR VICE PRESIDENTS
Source: AGCO news release

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.


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