Deere names CEO John May chairman
FILE PHOTO: Equipment for sale is seen at a John Deere dealer in Denver, Colorado, U.S. May 14, 2015. REUTERS/Rick Wilking/File Photo
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Price: $667.60 -1.17%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1%
Revenue Growth %: -15.9%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1%
Revenue Growth %: -15.9%
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(Reuters) - Farm equipment maker Deere & Co (NYSE: DE) on Monday named Chief Executive Officer John May chairman, effective May 1.
May replaces Samuel Allen, who is stepping down from the position, the company said in a statement.
Allen has been Deere's chairman since 2010 and was the company's CEO from 2009 till 2019. May was named CEO in November 2019.
(Reporting by Rachit Vats in Bengaluru; Editing by Anil D'Silva)
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