AGCO Chairman, President & Chief Executive Officer Martin Richenhagen Receives the French Government's Prestigious Legion of ...
16 Ottobre 2018 - 2:00PM
Business Wire
AGCO (NYSE: AGCO), a global leader in the design, manufacture
and distribution of agricultural machinery and solutions, today
announces that Martin Richenhagen, Chairman, President and Chief
Executive Officer of AGCO Corporation, has been named a Chevalier
(Knight) of the Légion d'Honneur (Legion of Honor) by the
government of France. This high-ranking honorary decoration was
bestowed during a recent ceremony held at AGCO’s global
headquarters in Duluth, in the presence of the French Consul
General in Atlanta, Louis de Corail.
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Martin Richenhagen, Chairman, President
and Chief Executive Officer of AGCO Corporation, has been named a
Chevalier (Knight) of the Légion d'Honneur (Legion of Honor) by the
government of France during a recent ceremony in Duluth, Georgia,
USA. (Photo: Business Wire)
The Legion of Honor, established by Napoléon Bonaparte in 1802,
is the highest distinction conferred by the government of France.
It is awarded to recognize those people and organizations that have
made outstanding contributions to France in a variety of
fields.
AGCO began operations in France, when the group became the
parent company of the Massey Ferguson brand in 1994, taking
ownership of the Beauvais Massey Ferguson plant. Opened in 1960,
the Beauvais AGCO site remains today the Global Centre of
Excellence for Massey Ferguson engineering and manufacturing, as
well as the first private employer of the whole Picardie region.
Summing up its operations from Beauvais, Ennery and Courcouronnes,
as well as its joint ventures GIMA and AGCO Finance, AGCO has
approximately 2,500 employees in the country. As continental
Europe's second largest economy, and one of the largest markets for
farm machinery, France represents a strategically important market
for AGCO. In France, AGCO actively drives business activities
centered on the design, manufacture and distribution of farm
machinery, strongly contributing to the French economy.
This decoration is in recognition, under Martin Richenhagen’s
leadership, of AGCO’s contributions to the development of France
and France-USA relations.
Conferring the Legion of Honor on behalf of French President
Emmanuel Macron, Dr. Monique Seefried, Chevalier in the Order of
the Legion of Honor said: "I would like to thank Martin Richenhagen
for his personal commitment and trust in our country's economy. I
pay tribute, through him, to the strength of AGCO Corporation, a
global leader in the design, manufacture and distribution of
agricultural machinery and solutions, and to its willingness to
expand and develop in Europe, and especially in France where AGCO’s
French-made tractors are admired and respected. Tractors embody our
past and our future, linking our ancient human roots in agriculture
to the technological progress of the 20th century. Tractors bring
us back to the land, to the oldest profession of farming while
heralding the power of machinery and industry.”
Martin Richenhagen commented: “It is indeed an honor and
privilege to receive this prestigious decoration from the French
Government. I am delighted and proud to have our French operations
receive such high recognition. In developing our business in
Europe, a region which for AGCO is first in revenue contribution,
France is a strategic market of great importance. During the past
six years, we have invested more than 300 million euros in our
Beauvais and Ennery operations, creating close to 300 new jobs to
support our ambition for growth. This would not have been possible
without the outstanding commitment of our 2,500 employees and this
recognition is also theirs. We truly consider France as a business
friendly environment supported by an entrepreneurial policy led by
President Emmanuel Macron. We hope to make ever-more progress in
our development, to contribute to further growing the relationship
between France and the USA.”
Martin Richenhagen was selected by the Board of Directors in
March 2004 as President and Chief Executive Officer of AGCO
Corporation. He was appointed to Chairman of the Board on August
15, 2006.
Under his leadership, AGCO’s operations in France has been
through outstanding transformation and success including the
following key milestones:
- 2013 – The Beauvais 2 Cab facility and
International Sales Training Centre for the Massey Ferguson brand
opens. This 15.5 million euros investment created 100 new
jobs.
- 2016 – The Beauvais site receives two
coveted awards: Best Foreign Exporter 2016 as the first producer
and exporter of farm machinery in France; and Factory of Year 2016
for its lean manufacturing implementation and number one in quality
approach.
- 2017 – At Ennery, AGCO’s European Parts
Warehouse and Distribution Centre moves from 30,000 m² to 100,000
m² and will create 62 jobs by the end of 2018 after a 2.1 million
euros investment.
- 2018 – Only five years after the
opening of its new cab facility, on August 28th, AGCO launches the
operations of its new Logistic Centre in Beauvais after investing
another 11 million euros and creating 103 new jobs.
About AGCO
AGCO (NYSE: AGCO) is a global leader in the design, manufacture
and distribution of agricultural solutions and supports more
productive farming through its full line of equipment and related
services. AGCO products are sold through five core brands,
Challenger®, Fendt®, GSI®, Massey Ferguson® and Valtra®, supported
by Fuse® precision technologies and farm optimization services.
Founded in 1990, AGCO is headquartered in Duluth, GA, USA. In 2017,
AGCO had net sales of approximately $8.3 billion. For more
information, visit http://www.AGCOcorp.com. For company news,
information and events, please follow us on Twitter: @AGCOCorp. For
financial news on Twitter, please follow the hashtag #AGCOIR.
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AGCOUlrich Stockheim, +1 770-813-6002Chief Communications
OfficerUlrich.Stockheim@AGCOcorp.comCell: +49 1732993545orXavier
Arruego, +33 3 44 11 29 40Manager, Public Relations AGCO
EMEXavier.Arruego@AGCOcorp.comCell: +33 6 70 65 77 00
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