MOLINE, Ill., Sept. 12, 2016 /CNW/ -- Deere & Company
(NYSE: DE) today announced changes to its senior management team in
response to the planned retirement of a member of the company's
leadership team later this year.
The following changes are effective November 1:
- Michael J. Mack, Jr., 59, will
retire as Group President, John Deere Financial Services, Global
Human Resources and Public Affairs.
- Marc A. Howze, 53, is appointed
Senior Vice President and Chief Administrative Officer.
- Cory J. Reed, 45, is appointed
President, John Deere Financial.
"As a business leader, Mike Mack
acted with conviction and commitment in a manner consistent with
John Deere's core values," said Samuel R.
Allen, Chairman and Chief Executive Officer. "His insightful
thinking, unpretentious manner, and boundless level of energy have
been an inspiration to all of us."
Mack is retiring after more than 30 years of distinguished
service. His wide-ranging career included assignments in
information systems, finance, engineering, manufacturing, marketing
and credit. He worked in four business divisions at Deere and was
based in multiple U.S. cities as well as in Europe.
After serving in leadership positions of increasing
responsibility, Mack was named Vice President and Treasurer in
2004, Senior Vice President and Chief Financial Officer in 2006,
and President of Worldwide Construction & Forestry in 2009. He
moved to his present position in 2014.
As Chief Financial Officer, Mack's leadership during the 2008
financial crisis allowed the company to maintain uninterrupted
access to the credit markets.
As President of the Worldwide Construction & Forestry
Division, Mack oversaw expansion of its product line, updating of
the manufacturing capabilities, and broadening of its global
operations.
Mack earned undergraduate and graduate degrees in mechanical
engineering from Iowa State University
and an MBA from the University of
Chicago.
Howze is currently Vice President, Human Resources. His
responsibilities will now expand to include human resources, labor
relations, public affairs, communications, brand management, and
security. This position will focus on improved integration of
important enterprise functions to drive employee engagement and
effective execution of the John Deere Strategy.
Howze joined Deere in 2001 and served in a number of positions
in Deere's legal department, including Associate General Counsel
and Corporate Secretary. He later held positions in marketing,
business development, and as a factory manager. Howze holds
undergraduate and law degrees from the University of Michigan and an MBA from Duke University.
Reed is currently Senior Vice President in the Worldwide
Agriculture & Turf Division with responsibility for the
Intelligent Solutions Group. He has been instrumental in developing
and implementing Deere's precision agriculture strategy.
Reed joined Deere in 1998 and has held a variety of marketing
and sales positions including marketing manager for large tractors,
regional sales and marketing for John Deere International in
Switzerland. He later became Senior Vice President, Global
Marketing Services for the Worldwide Agriculture & Turf
Division before assuming his current role. Reed holds an
undergraduate degree in Finance from Miami (Ohio)
University and a law degree from The Ohio State University.
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SOURCE Deere & Company