NEW YORK, December 31, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Caterpillar Inc. (NYSE: CAT), Deere & Company (NYSE: DE), Joy Global Inc. (NYSE: JOY), AGCO Corporation (NYSE: AGCO), and Terex Corporation (NYSE: TEX). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Caterpillar Inc. Research Report
On December 13, 2014, Caterpillar Inc. (Caterpillar) announced the retirement of Hans Haefeli, The Company's Vice President with responsibility for the Advanced Components & Systems Division (ACSD), effective April 30, 2014. "Hans came to Caterpillar building on a successful career in which he developed and demonstrated deep expertise in finance and accounting in the United Kingdom-a background that has served him well in both the engine and machine component units he led at Caterpillar," said Steve Wunning, Caterpillar Group's President with responsibility for Resource Industries. "Hans has also provided outstanding executive leadership these past few years during the development and deployment of the company's connected worksite and telematics strategy. He has always been exceptional in leading his team and working across the enterprise with his collaborative and engaging leadership." Caterpillar stated that it has appointed Jean Savage as the new Vice President of ACSD, effective April 1, 2014, who currently serves as a Senior Vice President and COO of the Locomotive and Railcar Services business unit for Caterpillar's subsidiary, Progress Rail Services (PRS). The Full Research Report on Caterpillar Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Deere & Company Research Report
On December 23, 2013, Deere & Company (John Deere) announced the completion of its sale of a majority interest in its landscape business to the private equity investment firm of Clayton, Dubilier & Rice, LLC (CDR). Prior to this, in October 2013, the Company announced that it would initially retain a 40% equity interest in John Deere Landscapes and sell the remainder to CDR. The Full Research Report on Deere & Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Joy Global Inc. Research Report
On December 18, 2013, Joy Global Inc. (Joy Global) announced the appointment of Edward (Ted) L. Doheny, II as the President and CEO of the Company, in accordance with the Company's previously announced executive succession process. According to the Company, Ted in his new role will replace Michael W. Sutherlin, who resigned from the aforesaid positions and from the Board of Directors in preparation for his expected retirement on February 1, 2014. Joy Global's Board Chairman, John Nils Hanson commented, "I am pleased to announce the Board of Directors has elected Ted Doheny as President and Chief Executive Officer. Ted is committed to building the future direction of Joy Global around the key strategies that have made Joy Global a leading performer in the industry, including product leadership, direct service and enhanced customer partnerships." Mr. Hanson continued, "I also am pleased to announce the Board of Directors has elected Randy Baker as Chief Operating Officer of the Company. Randy will lead the implementation of our strategy across all our product lines and regions." Additionally, the Company announced the appointment of Randal W. Baker to the position of Chief Operating Officer, under which he will oversee both the Surface Mining Equipment and the Underground Mining Equipment divisions. The Full Research Report on Joy Global Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
AGCO Corporation Research Report
On December 20, 2013, AGCO Corporation (AGCO) announced the retirement of Senior Vice Presidents, Randy Hoffman and David Caplan, effective December 31, 2013. According to the Company, Randy Hoffman serves as AGCO's Senior Vice President of Global Sales & Marketing and Product Management, and David Caplan is AGCO's Senior Vice President of Materials Management Worldwide. "As highly respected business professionals in the industry, we extend our well wishes, appreciation and gratitude to Randy and David for their many years of inspirational leadership and personal dedication to AGCO," said Martin Richenhagen, Chairman, President and CEO of AGCO. "Both men have left a lasting impact on the agricultural industry as well as supporting AGCO as a global leader in the market." The Full Research Report on AGCO Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Terex Corporation Research Report
On December 9, 2013, Terex Corporation (Terex) announced that it has agreed to sell its truck business to Volvo Construction Equipment for cash proceeds of c.$160 million. According to the Company, the sale transaction, which is expected to close in H1 2014, subject to government regulatory approvals and other customary closing conditions, includes the manufacturing facility in Motherwell, Scotland. "I am confident that the truck business will benefit by joining a company sharing similar competencies and offering complementary products and services. We are pleased to have entered into this agreement with Volvo, which represents a strong strategic buyer for the business who values our distribution network and team members," said Ron DeFeo, Chairman and CEO of Terex. The Full Research Report on Terex Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
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