May is New Deere CEO
John May will step into the role of CEO at Deere and Company starting November 4. May, who has been with Deere since 1997, will replace the current CEO Samuel Allen. Allen will continue to serve as chairman.
Articles tagged under: Deere and Company
Deere 3Q Profits Down From Last Year
Deere reports third quarter net income of $899 million. That compares to $910 million in the same quarter last year. With the release of the financials, Deere CEO and Chairman Samuel Allen said the trade war and the subsequent decline…
Updates Announced for S700 Series Combine
John Deere has announced updates for the S700 series combines for 2020. Combine Advisor and HarvestSmart have been updated to improve automation. Data management and residue placement will also be enhanced.
Deere Reports Lower Outlook for the Year
Deere and Company earned $1.13 billion in the quarter ending April 28, down from $2.21 billion is the same period last year. Delayed planting and the U.S. China trade war are causing caution in the sector. The company reported a…
UM CFANS Alumni Society Honors Supporters
The University of Minnesota College of Food, Agricultural and Natural Resource Sciences Alumni Society award winners have been named. Former swine specialist Jerry Hawton was presented the lifetime achievement award. State Senator Gary Dahms is the recipient of the Distinguished…
A Leadership Change at Deere
Deere & Company has named John C. May as its president and chief operating officer, effective April 1. This past year, May served as Deere's president for the worldwide agriculture and turf division. Cory Reed now takes over that role.…
Deere Reports 1Q Income
For the first quarter, Deere and Company reports net income of $498.5 million. That compares to a loss of over $535 million one year ago. Revenues from the farm and turf divisions rose ten percent during the quarter, but sales…
Deere and Company Shows Boost in Q4 Earnings
Deere and Company is reporting fourth quarter earnings of $785 million on earnings of $8.3 billion, an increase from $510 million one year ago. For the year, Deere says total revenue increased 17 percent to $9.4 billion. Read more on…
Helping the American Farmer in Tough Trade Times
Agriculture businesses are concerned about the tariff situation for farmers. Deere and Company Chairman and CEO Sam Allen says the tariffs aren’t good. "We're talking to the administration all the time. We need to change this because once trade routes are…
