Market Overview

AGCO Appoints Mallika Srinivasan to Board of Directors


AGCO, Your Agriculture Company (NYSE: AGCO) announced today the election of Mallika Srinivasan, Chairman and CEO of Tractors and Farm Equipment Limited (TAFE), to its Board of Directors effective immediately. TAFE is the second largest agricultural tractor manufacturer in India and has a long-standing business relationship with the Massey Ferguson brand. AGCO holds a 23% interest in TAFE.

"Mallika's extensive leadership experience in the farm equipment industry will provide an important perspective and contribution to our board," said Martin Richenhagen, Chairman, President and CEO of AGCO Corporation. "India represents an important agricultural equipment market and offers tremendous opportunity for growth in agricultural production and component sourcing. The appointment of Ms. Srinivasan demonstrates our commitment to developing our business in and from this region. Mallika's role in transforming TAFE through innovative processes and products will help serve AGCO's ongoing commitment to new products and markets.”

Posted-In: News Management


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