MOLINE, Ill., May 29, 2020 /PRNewswire/ -- Deere & Company
(NYSE: DE) announced that its Board of Directors elected
John Stone, 50, to the position of
President, Worldwide Construction & Forestry and Power Systems,
effective July 1. He will be
responsible for the overall management and performance of the
company's construction and forestry operations throughout the world
and for the continued success of the Wirtgen organization. Stone
also will have responsibility for the engine, drivetrain, and
electronic-component businesses.
Stone, who joined the company in 2002, has managed the company's
global utility tractor product line and headed corporate strategy.
Since 2016, he has been Senior Vice President, Intelligent
Solutions Group. In that role, he has led the company's highly
successful efforts to develop precision technologies that are
bringing value and productivity to customers. Stone was
instrumental in the opening of John Deere Labs, a San Francisco-based research unit focused on
breakthrough technologies such as machine learning and robotics.
Also under his leadership, Deere in 2017 acquired Blue River
Technology, a company that develops computer vision and machine
learning capabilities for agriculture.
"John's record of success and proven leadership skills make him
highly qualified for this critical role," said John C. May, Chairman and Chief Executive
Officer. "His firm grasp of the vital importance of technology will
be of great benefit as he assumes leadership of our construction
equipment operations."
Stone succeeds James M. Field,
57, who will assume a new role as Senior Advisor, Office of the
Chairman, effective July 1. In this
position, Field will provide counsel to company leadership on
various financial and operating matters. Since joining Deere in
1994, he has held a number of key leadership assignments. He was
president of the former commercial and consumer equipment and
agriculture and turf divisions and also served as a senior vice
president and chief financial officer. In 2018, Field was named
President, Worldwide Construction & Forestry and Power
Systems.
About John Deere
Deere & Company
(www.JohnDeere.com) is a world leader in providing advanced
products and services for customers whose work is linked to the
land - those who cultivate, harvest, transform, enrich and build
upon the land to meet the world's increasing need for food, fuel,
shelter and infrastructure.
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SOURCE Deere & Company