MOLINE, Ill., Oct. 1, 2014
/CNW/ -- Deere & Company (NYSE: DE) today announced changes to
its senior leadership team that will take place after the
retirement of James A. Israel,
president of John Deere Financial - the company's global financial
services division headquartered in Des
Moines, Iowa.
These changes are effective October
23:
- James A. Israel, president, John
Deere Financial, has elected to retire after 35 years of
service.
- Michael J. Mack, Jr. is
appointed group president, John Deere Financial Services, Global
Human Resources and Public Affairs.
- Max A. Guinn is appointed
president, Worldwide Construction & Forestry, Global Labor
Relations and Security.
Israel joined Deere in 1979, has held a number of management
positions, and was appointed president of the financial services
business in 2006. With his guidance, the size of the company's
credit portfolio nearly doubled to approximately $40 billion and the number of countries in which
financing services are offered increased from 17 to 45.
"Over the course of his career, Jim
Israel has shown a keen business intellect, dedication and
commitment to employees, and a passion for excellent customer
service and business leadership," said Samuel R. Allen, chairman and chief executive
officer.
Mack is currently president of Deere's Worldwide Construction
& Forestry Division, a position he has held since 2009. He
previously served as Deere & Company's treasurer and chief
financial officer.
Guinn is currently senior vice president of human resources,
communications, public affairs and labor relations. He previously
held a variety of leadership roles in both of Deere's major
equipment divisions.
Deere & Company (www.JohnDeere.com) is committed to the
success of customers whose work is linked to the land, providing
advanced products and services to cultivate, harvest, transform,
enrich and build upon the land to meet the world's dramatically
increasing need for food, shelter and infrastructure.
SOURCE Deere & Company