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Articles Tagged with ''Martin Richenhagen''

The Future of AGCO After Richenhagen

January 15, 2021 | Posted in Analysis & Commentary, Ag Equipment People

In August of last year, AGCO announced its CEO Martin Richenhagen would be retiring on Dec. 31, 2020, with Eric Hansotia, its then COO, assuming the CEO role. Ag Equipment Intelligence editors reached out to key analysts in the industry to see what impact Richenhagen had on AGCO’s direction, what successes he’ll be remembered for and how Hansotia will fill his shoes.

Richenhagen to Retire Dec. 31; Hansotia to Succeed Him as Top AGCO Exec

August 20, 2020 | Posted in Ag Equipment People

AGCO has announced that Martin Richenhagen has chosen to retire as chairman, president and chief executive officer on Dec. 31, 2020.

AGCO Reports North American Sales Improve 11.7% in 1Q20

May 5, 2020 | Posted in Earnings Reports

AGCO's total net sales for the first quarter were approximately $1.9 billion, a decrease of approximately 3.4% compared to the first quarter of 2019, while North American net sales increased 11.7% in the first three months of 2020.

AGCO Provides Update on Impact of COVID-19; Withdraws Sales & Earnings Guidance

March 23, 2020 | Posted in Earnings Reports

In light of the COVID-19 virus outbreak and the lack of certainty of both the duration and magnitude of its impacts, AGCO is withdrawing its sales, earnings and other guidance. Production has been significantly reduced or suspended in several of the company’s European facilities, largely due to material shortages and constraints in the European supply chain.

AGCO’s European Head to Leave in January, To Be Replaced by Torsten Dehner

September 27, 2019 | Posted in Ag Equipment People

Rob Smith, currently senior vice president and general manager, Europe/Middle East (EME), has indicated his intent to leave AGCO on Jan. 31, 2020. Smith will be succeeded by Torsten Dehner, currently vice president of Global Parts for AGCO.

AGCO Chief: Concern is Margins, Not World Politics

May 30, 2019 | Posted in Equipment & Equipment Sales

In a May 29 interview with CNBC’s Jim Cramer, Martin Richenhagen, AGCO’s CEO, president and chairman, said the ag equipment manufacturer’s focus is to increase margins to 8% in 2019 and 10% in 2020 and not necessarily on what’s happening in the world right now.

Tractors from China to Brazil

November 19, 2018 | Posted in Ag Equipment Worldwide, Chinese Ag Machinery Market

According to a Nov. 6 Bloomberg report, AGCO is dropping made-in China tractors and replacing them with equipment built in Brazil.

AGCO Looking to Expand Market for Fendt by Going ‘Full-Line’

September 1, 2016 | Posted in Mergers & Acquisitions

AGCO’s Fendt unit — the “Jewel in the Crown,” as Chairman and CEO Martin Richenhagen once described it — is going full-line and exploring new markets to deliver further growth.

AGCO Makes Strides in Inventory Reduction, Still More Needed

February 1, 2016 | Posted in Data & Trends, Equipment & Equipment Sales

AGCO reported fourth quarter and full year 2015 results on Feb. 2.

Will Dairy Be AGCO’s Next Big Move?

January 1, 2013 | Posted in Equipment & Equipment Sales

AGCO could make a move into the dairy equipment sector as managers look for new revenues and ways of capitalizing on the organization’s global sales, distribution and after-sales support resources.

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AGCO Aims for $2 Billion in Precision Ag Business by 2029

In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at AGCO’s plans for its precision business and its 2029 targets. In the Technology Corner, Noah Newman talks with Eis Implement’s precision team. Also in this episode, the interest savings dealers could see with the latest rate cut by the Fed and a look at the used 100+ horsepower tractor market.

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