AGCO announces leadership changes

AGCO Corporation recently announced executive leadership changes effective August 1, 2026.

Damon Audio (left) and Indira Agarwal (right). (Source: AGCO Corporation)

Damon Audia has been named president of PTx & Corporate Strategy, which encompasses AGCO’s precision agriculture business and the enterprise strategy and transformation teams. He replaces Brian Sorbe, who has decided to step away from AGCO to focus on other personal and professional priorities.

Audia has served as AGCO’s senior vice president, chief financial officer, since 2022, overseeing accounting, tax, treasury, M&A, Financial Planning & Analysis (FP&A), corporate reporting, strategy, investor relations, audit and communications. He previously held senior finance roles at Kennametal, Carpenter Technology Corporation and The Goodyear Tire & Rubber Company, as well as earlier financial leadership positions at Delphi Corporation and General Motors.

“Damon brings a deep understanding of our business and has partnered across every function to drive growth,” said Eric Hansotia, AGCO chairman, president and CEO. “He has led significant transformation initiatives, including the formation of AGCO’s PTx Trimble Joint Venture, and serves as the chairman of the PTx Trimble Joint Venture Board. His strong Farmer-First focus will help drive long-term, profitable growth for our precision ag business.”

Audia currently leads corporate strategy, which will move with him to PTx to help support one of AGCO’s key growth levers.

Indira Agarwal will succeed Audia as senior vice president, chief financial officer. Agarwal joined AGCO in 2024 as vice president, chief accounting officer. Prior to joining AGCO, she served as vice president, chief accounting officer and controller of HF Sinclair Corporation and also led the company’s FP&A organization. She also previously held progressive finance leadership roles at HF Sinclair, Cardtronics and Direct Energy.

“[Indira] brings vast global experience and deep expertise across accounting, financial reporting and M&A, along with a strong continuous improvement mindset,” said Hansotia. “I am confident she will provide strong leadership as we continue to execute our strategy and create value for our shareholders.

“Damon and Indira have worked closely together,” he added, “and this transition places two experienced enterprise leaders in roles where their strengths are closely aligned with AGCO’s next phase of growth.”

Agarwal will continue to lead AGCO’s accounting organization as chief accounting officer while the company conducts a search for a successor.