Deere Announces Employee Buyouts, New Leaders

Deere last week rolled out another voluntary severance program for U.S. salaried employees. Some positions are exempt, such as workers in precision ag, data and analytics, and IT departments.

The company could have further reductions of salaried employees.

This latest round of buyouts comes on the heels of an announcement that the company is restructuring to accelerate integration of smart technology innovation. The new operating model includes three focus areas: production systems, technology stack, and lifecycle solutions.

To reflect these changes, the company made these personnel announcements.

Cory J. Reed has been appointed to the new role of president, Worldwide Agriculture & Turf Division for Production & Precision Agriculture Equipment and for the sales regions of the Americas and Australia.

Markwart von Pentz has been appointed to the new role of president, Worldwide Agriculture & Turf Division for Small Ag & Turf and for the sales regions of Europe, CIS, Asia and Africa.

Jahmy J. Hindman, who was recently appointed as senior vice president, Intelligent Solutions Group, has been named to a new position as the chief technology officer.

Marc A. Howze, currently serving as chief administrative officer, will continue in that role while also assuming enhanced responsibilities in a new role as group president, Lifecycle Solutions.

Sources: The Courier, Deere