AGCO announced an executive leadership restructuring that consolidates operational responsibilities under existing leaders and reduces its top leadership team by one member. Stefan Caspari was appointed to lead Fendt and Valtra globally alongside North American operations, while Luis Felli was named Senior Vice President and General Manager of Massey Ferguson, Parts and Customer Support, with oversight of global Aftersales. Damon Audia was appointed President of PTx, Corporate Strategy and Distribution, assuming responsibility for Global Distribution Management, and Torsten Dehner stepped down from his executive role effective October 5, 2026. Shares of the agricultural and farm machinery company jumped 2.3% in the afternoon session on the news and closed the day at $116.25, up 1.4% from the previous close. AGCO is up 9.8% since the beginning of the year but remains 17.3% below its 52-week high of $140.49 from February 2026.
AGCO CorporationAGCO consolidates its executive team and cuts one leadership role, a management restructuring that lifted shares 2.3%.
China Lesso Group Holdings LtdValtra is only mentioned as part of Stefan Caspari's expanded leadership remit in AGCO's restructuring.
