AGCO Appoints Mallika Srinivasan to Board of Directors
22 Luglio 2011 - 3:00PM
Business Wire
AGCO, Your Agriculture Company (NYSE:AGCO), a worldwide
manufacturer and distributor of agricultural equipment, announced
today the election of Mallika Srinivasan, Chairman and CEO of
Tractors and Farm Equipment Limited (TAFE), to its Board of
Directors effective immediately. TAFE is the second largest
agricultural tractor manufacturer in India and has a long-standing
business relationship with the Massey Ferguson brand. AGCO holds a
23% interest in TAFE.
"Mallika’s extensive leadership experience in the farm equipment
industry will provide an important perspective and contribution to
our board," said Martin Richenhagen, Chairman, President and CEO of
AGCO Corporation. "India represents an important agricultural
equipment market and offers tremendous opportunity for growth in
agricultural production and component sourcing. The appointment of
Ms. Srinivasan demonstrates our commitment to developing our
business in and from this region. Mallika’s role in transforming
TAFE through innovative processes and products will help serve
AGCO’s ongoing commitment to new products and markets.”
Ms. Srinivasan is a graduate of the Wharton School of Business,
and her distinguished career with TAFE has spanned 30 years. Under
her leadership, TAFE’s sales have grown from under $50 million when
she joined the company to over $1 billion in 2010. She is the
recipient of numerous awards for her business leadership including
the Economic Times Businesswoman of the Year in 2006 and Ernst
& Young’s 2010 Manufacturing Entrepreneur of the Year. Ms.
Srinivasan also serves as a Director on the Board of Tata Global
Beverages Limited, the Indian School of Business (ISB) and the
Governing Board of Rural Technology and Business Incubator of the
Indian School of Technology.
ABOUT AGCO
AGCO, Your Agriculture Company, (NYSE:AGCO), a Fortune 500
company, was founded in 1990 and offers a full product line of
tractors, combines, hay tools, sprayers, forage equipment, tillage,
implements, and related replacement parts. AGCO agricultural
products are sold under the core brands of Challenger®, Fendt®,
Massey Ferguson® and Valtra® and are distributed globally through
2,600 independent dealers and distributors in more than 140
countries worldwide. Retail financing is available through AGCO
Finance for qualified purchasers. AGCO is headquartered in Duluth,
GA, USA. In 2010, AGCO had net sales of $6.9 billion.
http://www.agcocorp.com.
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