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Deere: names current COO as new CEO

(CercleFinance.com) - Deere said on Thursday that it has named John May as its new chief executive officer, becoming the 10th chief executive in the company's 182-year history.


May, who is currently chief operating officer, will succeed Samuel Allen, who will continue as board chairman after he steps down from the CEO position in November.

50-year-old May joined Deere in 1997. Over his career, he has headed the company's China operations and served as factory manager in Iowa.

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