AGCO Corporation

AGCO Cuts Executive Team, Names Caspari to Lead Fendt/Valtra

AGCO Cuts Executive Team, Names Caspari to Lead Fendt/Valtra

Duluth, Ga. – October 05, 2026 -- AGCO Corporation (NYSE: AGCO) has restructured its executive leadership team, reducing headcount by one member and consolidating brand and functional responsibilities under fewer senior leaders, effective immediately.

Caspari takes global control of Fendt and Valtra brands

Stefan Caspari, previously Senior Vice President, Customer Success & North America Ag, has been named Senior Vice President and General Manager, Fendt/Valtra & Product Management. He retains leadership of AGCO's North American agricultural business while adding global oversight of the Fendt and Valtra equipment brands. Caspari joined AGCO in 2014 and previously led the company's Grain & Protein business through its transformation and divestiture. He holds a degree in Agricultural Engineering from the University of Bonn and completed Harvard Business School's Advanced Management Program.

Fendt Debuts First Global Tractor Launch in U.S. at Farm Progress Show

Fendt Debuts First Global Tractor Launch in U.S. at Farm Progress Show

Boone, Iowa – September 06, 2026 -- AGCO Corporation (NYSE: AGCO) launched the Fendt 1100 Vario MT Gen2 Track Tractor and the Fendt Momentum 80-Foot Planter globally at the 2026 Farm Progress Show, marking Fendt's first-ever global tractor debut staged in the United States. The company also unveiled the North American debut of the Fendt 300 Vario Gen5 line, expanding its full-line portfolio across high-horsepower, planting and compact-tractor segments.

Fendt stages global tractor launch in U.S. for the first time

Stefan Caspari, Senior Vice President of Customer Success & North American Ag at AGCO, said hosting the launch in the U.S. reflects the company's regional investment strategy, noting that North American farmers prioritize power, productivity, efficiency and total cost of ownership.