AGCO Corporation (NYSE: AG), a worldwide manufacturer and distributor of agricultural equipment, today announced that Hubertus Mühlhäuser, Senior Vice President, will take on the responsibility for the worldwide Sisu Engine business. “This will clearly position Sisu Diesel as a global business within our corporation and underlines its importance for AGCO´s corporate strategy,” comments Martin Richenhagen, Chairman, President and CEO of AGCO Corporation.
Since becoming a part of AGCO Corporation in 2004, Sisu Diesel has grown its engine business continuously and is today producing close to 30,000 engines that are operating in many AGCO brands such as, Massey Ferguson and Valtra, as well as third party products. This trend is expected to continue and to accelerate as AGCO invests in Sisu´s technology and capacity in Finland and Brazil, further enhancing its global market position as an off-highway engine specialist. Hubertus Mühlhäuser will work closely with the entire Sisu organization in both countries to maximize the international potential of the business.
Mr. Mühlhäuser assumes this expanded role on top of his current responsibilities. He joined AGCO Corporation in September 2005 as Senior Vice President for Strategy and Integration and assumed additional responsibility for AGCO´s worldwide Information Technology activities in 2006.
Before joining AGCO, Mr. Mühlhäuser concluded more than ten years with Arthur D. Little Ltd., the world's first management consulting firm where he was a Member of the Global Executive Team and Managing Partner, Switzerland. He also led Arthur D. Little's Global Strategy & Organization Practice. Mr. Mühlhäuser graduated from the European Business School, Germany with a Masters in Business Administration (Diplom Kaufmann).
About AGCO
Founded in 1990, AGCO Corporation (NYSE: AG) (www.agcocorp.com) is a global manufacturer of agricultural equipment and related replacement parts. AGCO offers a full product line including tractors, combines, hay tools, sprayers, forage, tillage equipment and implements, which are distributed through more than 3,200 independent dealers and distributors in more than 140 countries worldwide. AGCO products include the following well-known brands: AGCO®, Challenger®, Fendt®, Gleaner®, Hesston®, Massey Ferguson®, New Idea®, RoGator®, Spra-Coupe®, Sunflower®, Terra-Gator®, Valtra®, and White™ Planters. AGCO provides retail financing through AGCO Finance. The company is headquartered in Duluth, Georgia, and in 2006, had net sales of $5.4 billion.
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