AGCO restructures exec leadership team

AGCO Corporation, a global provider of agricultural machinery and precision agriculture technologies, has announced a restructuring of its executive leadership that it said will simplify the organization, strengthen accountability and reduce the team by one member.

Effective immediately, Stefan Caspari, previously senior vice president, Customer Success & North America Ag, has been named senior vice president and general manager, Fendt/Valtra & Product Management. He will continue to lead AGCO’s North American ag business while taking on global leadership of two of AGCO’s leading equipment brands.

Stefan Caspari (Photo: AGCO)

Caspari joined AGCO in 2014 and has held senior leadership roles spanning commercial operations, global strategy, smart farming technology and multi-brand governance. Prior to leading Customer Success & North America Ag, he oversaw the company’s Grain & Protein business through its transformation and divestiture.

“Stefan is a proven commercial leader with deep experience across farmers, dealers and regional execution,” said Eric Hansotia, AGCO chairman, president and CEO. “He has strengthened our North American ag business in one of AGCO’s most important markets, and he brings the commercial discipline, Farmer-First focus and market insight needed to lead Fendt and Valtra through their next phase of growth.”

As part of the consolidation of the executive leadership, Torsten Dehner, senior vice president and general manager, Global Fendt/Valtra and Product Management, will step down from his current role also effective immediately, remaining with the company based in Switzerland to support the transition.

Hansotia thanked Dehner for his contributions throughout his leadership, noting, “He has played an important role strengthening AGCO’s Fendt and Valtra brands, building the teams and capabilities behind them, contributing valuably to their position in the market and helping advance our AI transformation. We wish him well in the future.”

The broader restructuring brings related responsibilities together under existing senior leaders, which the company said will connect enterprise functions more directly to brand execution, dealer performance and growth priorities. Luis Felli will become senior vice president and general manager, Massey Ferguson, Parts & Customer Support, adding responsibility for AGCO’s global Aftersales and Parts organization and Customer Support. Damon Audia will become president, PTx, Corporate Strategy & Distribution, adding responsibility for AGCO’s Global Distribution Management organization.