AGCO Names New CFO, Shifts Former CFO to Lead Precision Ag Unit
AGCO is trading near its 52-week low of $99.207 (3.0% above the low).
Summary
AGCO appointed Indira Agarwal as CFO and moved former CFO Damon Audia to lead its PTx precision agriculture business as President of PTx & Corporate Strategy, effective August 1. Agarwal, previously chief accounting officer, brings M&A and financial reporting expertise. The changes come just days after the company missed Q2 estimates and cut guidance on July 30. The departure of PTx president Brian Sorbe adds a layer of transition in a key unit. Investors will watch for any strategic shifts under the new CFO.
At the time of this announcement, AGCO was trading at $102.17 on NYSE in the Manufacturing sector, with a market capitalization of approximately $7.2B. The 52-week trading range was $99.21 to $143.78. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: PR Newswire.