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Deere & Co
XMUN:DCO
US
Back to Note
Company Overview
Business Description
Sector
Industrials
Industry
Machinery
Headquarters
United States of AmericaUS
Employees
73 100
IPO date
Jun 29, 1933
Deere & Co. makes farm and construction equipment. Its best-known products are tractors, combines, sprayers, harvesters, bulldozers, excavators, and other heavy machines, along with the parts and software that help customers run them. The company also sells precision-agriculture tools that help farmers guide machines, plant more accurately, and manage fields with less waste.
Its main customers are farmers, ranchers, construction contractors, and companies that build roads, homes, and large infrastructure projects. Deere earns money when these customers buy equipment, replacement parts, and maintenance services, and it also makes money through financing that helps buyers pay for expensive machines over time. That mix gives Deere a steady link to both new equipment sales and the long life of machines already in the field.
What makes Deere different is that it sits at the center of two hard asset-heavy industries: farming and construction. It does not just sell machines; it also supports them with parts, service, software, and financing, which helps keep customers tied to the brand over many years. In practice, Deere is a maker of the tools that produce food and build infrastructure, so its business depends on the long-term need for productive land and reliable machinery.
Makes large farm equipment and digital tools that help plant, care for, and harvest major row crops.
Customers
Large farms, grain growers, and custom operators who buy tractors, combines, planters, sprayers, and farm management software.
Revenue Model
Sells equipment through dealers and earns ongoing income from parts, software, and connected farm services.
Small Agriculture and Turf
Makes smaller tractors and lawn and grounds care equipment used on farms, estates, golf courses, parks, and residential properties.
Customers
Small and midsize farms, landscapers, golf courses, municipalities, and homeowners who need compact machines and mowing equipment.
Revenue Model
Sells equipment and replacement parts through dealers and retail channels.
Construction and Forestry
Makes machines used to move earth, build roads, clear land, and harvest timber.
Customers
Construction contractors, infrastructure crews, forestry companies, and land clearing businesses.
Revenue Model
Sells heavy equipment and parts through dealers and also earns service and repair revenue.
Financial Services
Provides financing for Deere equipment purchases and offers leases and insurance-related products.
Customers
Farmers, contractors, dealers, and other customers who need help funding equipment purchases.
Revenue Model
Earns interest and fee income from loans, leases, and related financing services.
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Management
Mr. John C. May II
Chairman, President & CEO
John C. May II is the Chairman and Chief Executive Officer of Deere & Company, a position he has held since November 2019. Born in Massachusetts, May holds a bachelor’s degree from the University of New Hampshire and an MBA from the University of Maine.
May joined Deere & Company in 1997 and began his career in the Worldwide Construction & Forestry Division. Throughout his tenure, he has taken on various roles of increasing responsibility, including managing operations in China. He later served as the President of Agricultural Solutions, as well as Chief Information Officer, focusing on the company's technology transition efforts.
Under May’s leadership, Deere & Company has continued to emphasize innovation, particularly by integrating advanced technology into its farming equipment to improve efficiency and productivity. His strategic initiatives have been directed towards sustainable agriculture and construction practices.
John C. May II is regarded for his expertise in business operations and strategic planning, as well as his commitment to maintaining Deere & Company's leadership in the global agricultural and construction equipment industries.
Mr. Joshua A. Jepsen
Senior VP & CFO
Joshua A. Jepsen is an executive at Deere & Company, a prominent American corporation that manufactures agricultural, construction, and forestry machinery. He serves as the Senior Vice President and Chief Financial Officer (CFO) of the company. In his role, he is responsible for overseeing the financial operations, strategic planning, and financial reporting of Deere & Co. Jepsen plays a key role in supporting the company's growth initiatives and ensuring financial stability.
His career at Deere & Co. spans several years, during which he has held various leadership positions, contributing to the company's financial management and operational strategies. His expertise in finance and leadership has been integral to driving the company's financial success and supporting its vision of delivering advanced technological solutions to the industries it serves.
Mr. Ryan D. Campbell
President of Worldwide Construction, Forestry Equipment & Power Systems Division
Ryan D. Campbell is a notable executive associated with Deere & Co, a leading name in the agricultural, construction, and forestry machinery industry. As part of the company's leadership, Campbell has played a significant role in steering the strategic direction and financial management of the organization.
Campbell has served in various capacities at Deere & Co, demonstrating his expertise in finance and operations. His roles have often involved overseeing financial strategies, capital allocation, and ensuring the overall fiscal health of the company. This has been critical in supporting Deere's ambitious innovation agenda and its efforts to expand its market presence globally.
Known for his analytical acumen and leadership skills, Campbell's contributions have been instrumental in driving growth and efficiency at Deere & Co. His insights have helped in navigating economic challenges and leveraging opportunities in the evolving market landscape.
Throughout his career, Ryan D. Campbell has been recognized for his commitment to excellence and his ability to inspire teams towards achieving corporate goals. His leadership is marked by a focus on sustainable practices and fostering a culture of innovation and accountability within the organization.
Overall, Campbell's role at Deere & Co highlights his capacity to integrate financial acumen with strategic vision, supporting the company's mission to deliver top-tier products and services that meet the needs of their diverse clientele.
Mr. Cory J. Reed
President Precision Ag for Americas & Aus and International President Sml Agri & Grn Space Equip
Cory J. Reed has held significant leadership roles within Deere & Co., a leading global manufacturer of agricultural, construction, and forestry machinery. He joined the company in 1998 and has contributed to various sectors over the years. His experience spans across divisions such as marketing, sales, strategic planning, and operations.
Throughout his career at Deere, Reed has taken on roles of increasing responsibility. Notably, he has been involved in managing the agricultural solutions segment, where he focused on innovation and enhancing value for customers through the integration of technology in agricultural equipment and services.
Reed's leadership is characterized by his commitment to advancing precision agriculture, promoting sustainability, and ensuring the company remains competitive in the global market. His strategic insights have been instrumental in guiding Deere & Co.'s growth and adapting to the evolving needs of the agricultural industry.
He has also been active in Deere's efforts to leverage data and technology to improve productivity and efficiency for farmers worldwide, aligning with the company's broader goals of creating a more sustainable and profitable agricultural system.
Mr. Justin R. Rose
President of Lifecycle Solutions, Supply Management & Customer Success
Justin R. Rose is a senior executive at Deere & Company, an organization known for its agricultural and industrial machinery. As of 2023, he serves as the Chief Information Officer (CIO) of the company. Rose is responsible for overseeing the company's information technology and data efforts, ensuring these align with Deere's overall strategic goals. He is instrumental in driving the digital transformation initiatives within the company, ensuring that Deere remains at the forefront of technological advancements in the industry. His leadership is critical in integrating IT solutions to enhance operational efficiency, customer engagement, and the development of innovative products and services at Deere & Company.
Mr. Jeffrey A. Trahan
Vice President of Pension Fund & Investments
Jeffrey A. Trahan is an accomplished executive known for his pivotal role at Deere & Co., a leading player in the agricultural, construction, and forestry machinery industry. At Deere & Co., he has held several leadership positions that have significantly impacted the company's operations and strategic direction.
Throughout his tenure, Trahan has demonstrated a keen understanding of both operational management and strategic planning, contributing to the growth and efficiency of the organization. His insights into enhancing manufacturing processes and customer service initiatives have been crucial in maintaining Deere & Co.'s competitive edge in the market.
Trahan's leadership style is characterized by a strong emphasis on innovation, collaboration, and sustainability, aligning with Deere’s commitment to delivering advanced products and solutions to its global clientele. His contributions have not only fostered internal improvements but have also positioned the company to better address the evolving needs of its customers and the challenges posed by the industry.
Overall, Jeffrey A. Trahan stands out as a leader who has significantly advanced Deere & Co.'s mission and operational success.
Mr. Jahmy J. Hindman
Senior VP & CTO
Jahmy J. Hindman is the Chief Technology Officer at Deere & Co., a position he has held since July 2020. Hindman has been with Deere since 1996, beginning his career as an engineer. Over the years, he has climbed the ranks, holding various roles of increasing responsibility in engineering and product development, which have equipped him with a deep understanding of Deere’s technology and innovations.
As CTO, Hindman is responsible for overseeing the company’s technology strategy, ensuring the integration of advanced technologies like artificial intelligence, IoT, and automation in their machinery to improve agricultural precision and efficiency. His leadership plays a crucial role in driving Deere’s innovation agenda, focusing on sustainable solutions that meet the needs of modern farming.
Hindman holds a bachelor's and master's degree in mechanical engineering from Iowa State University and a Ph.D. in systems engineering from Colorado State University. Known for his focus on leveraging technology to enhance productivity and sustainability, Hindman continues to be a key figure in maintaining Deere & Co.'s position as a leader in agricultural and construction machinery.
Mr. Rajesh Kalathur
President of John Deere Financial & Chief Information Officer
Rajesh Kalathur is a notable executive at Deere & Company, where he has held various significant leadership roles. He joined Deere & Co., commonly known as John Deere, in 1996 and has since accumulated extensive experience across different functions in the organization.
Kalathur has served as the Chief Financial Officer (CFO) and President of John Deere Financial. As CFO, he was responsible for the company’s global financial operations, including financial reporting, investor relations, and strategic planning. His leadership in financial roles has been instrumental in guiding the company's financial strategy and ensuring sustainable growth.
Moreover, Kalathur has been deeply involved in the company's technology and innovation strategies. He served as the Chief Information Officer (CIO), focusing on leveraging technology to enhance operational efficiencies and contribute to the company's overall performance.
Throughout his tenure at Deere, Kalathur has been recognized for his strategic vision and ability to navigate the complexities of a global manufacturing company. Under his guidance, Deere & Co. has continued to strengthen its position as a leader in the agricultural and construction equipment industry.
His contributions reflect a combination of strong financial acumen, technological insights, and strategic leadership, making him a key figure in shaping the direction of Deere & Co.
Josh Beal
Director of Investor Relations
Josh Jepsen is the Chief Financial Officer (CFO) of Deere & Co., a leading global manufacturer of agricultural, construction, and forestry machinery. Before becoming CFO, Jepsen held various critical roles within the company, contributing significantly to its financial strategy and operations. His experience at Deere & Co. spans over many years, where he has been instrumental in financial planning, analysis, and reporting. His leadership skills and financial expertise have been vital in helping the company maintain its competitive position in the market. Jepsen is known for his strategic vision and ability to drive sustainable growth.
Regarding "Josh Beal," this name does not match the current executive officers at Deere & Co.
Ms. Renee A. Mailhot
VP & Chief Compliance Officer
Renee A. Mailhot serves as the Chief Technology Officer at Deere & Company, commonly known as John Deere, a leading manufacturing company that specializes in agricultural, construction, and forestry machinery. In her role as CTO, Mailhot is responsible for overseeing the company's technological advancements and innovations, particularly in areas such as precision agriculture, automation, and connectivity. She plays a crucial part in ensuring that Deere & Co. remains at the forefront of technology in the industry.
Mailhot's leadership is instrumental in driving technology strategies that align with the company's vision of providing smarter and more sustainable solutions for its customers around the world. Her expertise in technology and engineering, combined with a deep understanding of the industry, enables her to contribute significantly to the company's growth and success.
Under her leadership, Deere & Co. continues to explore and integrate cutting-edge technologies, ensuring operational excellence and pioneering advancements in smart farming solutions.
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Mr. John C. May II
Chairman, President & CEO
John C. May II is the Chairman and Chief Executive Officer of Deere & Company, a position he has held since November 2019. Born in Massachusetts, May holds a bachelor’s degree from the University of New Hampshire and an MBA from the University of Maine.
May joined Deere & Company in 1997 and began his career in the Worldwide Construction & Forestry Division. Throughout his tenure, he has taken on various roles of increasing responsibility, including managing operations in China. He later served as the President of Agricultural Solutions, as well as Chief Information Officer, focusing on the company's technology transition efforts.
Under May’s leadership, Deere & Company has continued to emphasize innovation, particularly by integrating advanced technology into its farming equipment to improve efficiency and productivity. His strategic initiatives have been directed towards sustainable agriculture and construction practices.
John C. May II is regarded for his expertise in business operations and strategic planning, as well as his commitment to maintaining Deere & Company's leadership in the global agricultural and construction equipment industries.
Mr. Joshua A. Jepsen
Senior VP & CFO
Joshua A. Jepsen is an executive at Deere & Company, a prominent American corporation that manufactures agricultural, construction, and forestry machinery. He serves as the Senior Vice President and Chief Financial Officer (CFO) of the company. In his role, he is responsible for overseeing the financial operations, strategic planning, and financial reporting of Deere & Co. Jepsen plays a key role in supporting the company's growth initiatives and ensuring financial stability.
His career at Deere & Co. spans several years, during which he has held various leadership positions, contributing to the company's financial management and operational strategies. His expertise in finance and leadership has been integral to driving the company's financial success and supporting its vision of delivering advanced technological solutions to the industries it serves.
Mr. Ryan D. Campbell
President of Worldwide Construction, Forestry Equipment & Power Systems Division
Ryan D. Campbell is a notable executive associated with Deere & Co, a leading name in the agricultural, construction, and forestry machinery industry. As part of the company's leadership, Campbell has played a significant role in steering the strategic direction and financial management of the organization.
Campbell has served in various capacities at Deere & Co, demonstrating his expertise in finance and operations. His roles have often involved overseeing financial strategies, capital allocation, and ensuring the overall fiscal health of the company. This has been critical in supporting Deere's ambitious innovation agenda and its efforts to expand its market presence globally.
Known for his analytical acumen and leadership skills, Campbell's contributions have been instrumental in driving growth and efficiency at Deere & Co. His insights have helped in navigating economic challenges and leveraging opportunities in the evolving market landscape.
Throughout his career, Ryan D. Campbell has been recognized for his commitment to excellence and his ability to inspire teams towards achieving corporate goals. His leadership is marked by a focus on sustainable practices and fostering a culture of innovation and accountability within the organization.
Overall, Campbell's role at Deere & Co highlights his capacity to integrate financial acumen with strategic vision, supporting the company's mission to deliver top-tier products and services that meet the needs of their diverse clientele.
Mr. Cory J. Reed
President Precision Ag for Americas & Aus and International President Sml Agri & Grn Space Equip
Cory J. Reed has held significant leadership roles within Deere & Co., a leading global manufacturer of agricultural, construction, and forestry machinery. He joined the company in 1998 and has contributed to various sectors over the years. His experience spans across divisions such as marketing, sales, strategic planning, and operations.
Throughout his career at Deere, Reed has taken on roles of increasing responsibility. Notably, he has been involved in managing the agricultural solutions segment, where he focused on innovation and enhancing value for customers through the integration of technology in agricultural equipment and services.
Reed's leadership is characterized by his commitment to advancing precision agriculture, promoting sustainability, and ensuring the company remains competitive in the global market. His strategic insights have been instrumental in guiding Deere & Co.'s growth and adapting to the evolving needs of the agricultural industry.
He has also been active in Deere's efforts to leverage data and technology to improve productivity and efficiency for farmers worldwide, aligning with the company's broader goals of creating a more sustainable and profitable agricultural system.
Mr. Justin R. Rose
President of Lifecycle Solutions, Supply Management & Customer Success
Justin R. Rose is a senior executive at Deere & Company, an organization known for its agricultural and industrial machinery. As of 2023, he serves as the Chief Information Officer (CIO) of the company. Rose is responsible for overseeing the company's information technology and data efforts, ensuring these align with Deere's overall strategic goals. He is instrumental in driving the digital transformation initiatives within the company, ensuring that Deere remains at the forefront of technological advancements in the industry. His leadership is critical in integrating IT solutions to enhance operational efficiency, customer engagement, and the development of innovative products and services at Deere & Company.
Mr. Jeffrey A. Trahan
Vice President of Pension Fund & Investments
Jeffrey A. Trahan is an accomplished executive known for his pivotal role at Deere & Co., a leading player in the agricultural, construction, and forestry machinery industry. At Deere & Co., he has held several leadership positions that have significantly impacted the company's operations and strategic direction.
Throughout his tenure, Trahan has demonstrated a keen understanding of both operational management and strategic planning, contributing to the growth and efficiency of the organization. His insights into enhancing manufacturing processes and customer service initiatives have been crucial in maintaining Deere & Co.'s competitive edge in the market.
Trahan's leadership style is characterized by a strong emphasis on innovation, collaboration, and sustainability, aligning with Deere’s commitment to delivering advanced products and solutions to its global clientele. His contributions have not only fostered internal improvements but have also positioned the company to better address the evolving needs of its customers and the challenges posed by the industry.
Overall, Jeffrey A. Trahan stands out as a leader who has significantly advanced Deere & Co.'s mission and operational success.
Mr. Jahmy J. Hindman
Senior VP & CTO
Jahmy J. Hindman is the Chief Technology Officer at Deere & Co., a position he has held since July 2020. Hindman has been with Deere since 1996, beginning his career as an engineer. Over the years, he has climbed the ranks, holding various roles of increasing responsibility in engineering and product development, which have equipped him with a deep understanding of Deere’s technology and innovations.
As CTO, Hindman is responsible for overseeing the company’s technology strategy, ensuring the integration of advanced technologies like artificial intelligence, IoT, and automation in their machinery to improve agricultural precision and efficiency. His leadership plays a crucial role in driving Deere’s innovation agenda, focusing on sustainable solutions that meet the needs of modern farming.
Hindman holds a bachelor's and master's degree in mechanical engineering from Iowa State University and a Ph.D. in systems engineering from Colorado State University. Known for his focus on leveraging technology to enhance productivity and sustainability, Hindman continues to be a key figure in maintaining Deere & Co.'s position as a leader in agricultural and construction machinery.
Mr. Rajesh Kalathur
President of John Deere Financial & Chief Information Officer
Rajesh Kalathur is a notable executive at Deere & Company, where he has held various significant leadership roles. He joined Deere & Co., commonly known as John Deere, in 1996 and has since accumulated extensive experience across different functions in the organization.
Kalathur has served as the Chief Financial Officer (CFO) and President of John Deere Financial. As CFO, he was responsible for the company’s global financial operations, including financial reporting, investor relations, and strategic planning. His leadership in financial roles has been instrumental in guiding the company's financial strategy and ensuring sustainable growth.
Moreover, Kalathur has been deeply involved in the company's technology and innovation strategies. He served as the Chief Information Officer (CIO), focusing on leveraging technology to enhance operational efficiencies and contribute to the company's overall performance.
Throughout his tenure at Deere, Kalathur has been recognized for his strategic vision and ability to navigate the complexities of a global manufacturing company. Under his guidance, Deere & Co. has continued to strengthen its position as a leader in the agricultural and construction equipment industry.
His contributions reflect a combination of strong financial acumen, technological insights, and strategic leadership, making him a key figure in shaping the direction of Deere & Co.
Josh Beal
Director of Investor Relations
Josh Jepsen is the Chief Financial Officer (CFO) of Deere & Co., a leading global manufacturer of agricultural, construction, and forestry machinery. Before becoming CFO, Jepsen held various critical roles within the company, contributing significantly to its financial strategy and operations. His experience at Deere & Co. spans over many years, where he has been instrumental in financial planning, analysis, and reporting. His leadership skills and financial expertise have been vital in helping the company maintain its competitive position in the market. Jepsen is known for his strategic vision and ability to drive sustainable growth.
Regarding "Josh Beal," this name does not match the current executive officers at Deere & Co.
Ms. Renee A. Mailhot
VP & Chief Compliance Officer
Renee A. Mailhot serves as the Chief Technology Officer at Deere & Company, commonly known as John Deere, a leading manufacturing company that specializes in agricultural, construction, and forestry machinery. In her role as CTO, Mailhot is responsible for overseeing the company's technological advancements and innovations, particularly in areas such as precision agriculture, automation, and connectivity. She plays a crucial part in ensuring that Deere & Co. remains at the forefront of technology in the industry.
Mailhot's leadership is instrumental in driving technology strategies that align with the company's vision of providing smarter and more sustainable solutions for its customers around the world. Her expertise in technology and engineering, combined with a deep understanding of the industry, enables her to contribute significantly to the company's growth and success.
Under her leadership, Deere & Co. continues to explore and integrate cutting-edge technologies, ensuring operational excellence and pioneering advancements in smart farming solutions.
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