DE Deere and Co

By Colin Kellaher

Deere & Co. on Tuesday unveiled a management shuffle prompted by the departure of a key executive.

The Moline, Ill., maker of farm and construction machinery said its chief financial officer, Ryan Campbell, has succeeded John Stone as president of its worldwide construction, forestry and power systems.

Security products and solutions provider Allegion PLC earlier Tuesday said Mr. Stone was joining as president and CEO in July.

Deere said Raj Kalathur, who served as chief financial officer from 2012 to 2019, retakes the post from Mr. Campbell. Mr. Kalathur, 53 years old, also will remain president of John Deere Financial and chief information officer.

Mr. Kalathur joined Deere in 1996, while Mr. Campbell joined in 2007.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

May 31, 2022 09:35 ET (13:35 GMT)

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