AGCO has announced changes in its Fendt management board.
At the end of this year, Peter-Josef Paffen, vice president & chairman of the Fendt Executive Board together with Michael Gschwender, managing director finance & IT, will resign from office and retire.
The successor to Fendt CEO, Peter-Josef Paffen, who is retiring after ten years at the helm, is named as Christoph Gröblinghoff, who has been the vice president distribution management for dealership development in Europe and the Middle East (EME) AGCO International GmbH, in Neuhausen, Switzerland for five years.
The successor to long-standing head of finance, Michael Gschwender, will be Ingrid Bussjaeger-Martin, whose most recent role was director of controlling at Fendt.
Dr Heribert Reiter, vice president and managing director of research and develpment, purchasing and customer service, and Ekkehart Gläser, vice president and managing director of production, will remain managing directors at AGCO/Fendt.
Martin H. Richenhagen, chairman, president and CEO of the AGCO Corporation, said, "Together with his team, Peter-Josef Paffen has led the cutting-edge brand of Fendt to new heights in the last ten years. With the Fendt 2020 Strategy and bold progression plans, Fendt has achieved profitable growth, fully expanding the Fendt Full-Line range and significantly driving forward the brand's progress in terms of globalisation.
"On behalf of myself, the AGCO Board, the Fendt Supervisory Board, the Works Council and every AGCO employee around the world, it is with the deepest sincerity that I'd like to thank Peter-Josef Paffen for his outstanding work. We wish him all the best for the future."