Summary
Deere & Company (DE) filed an 8-K report on September 12, 2016, to announce a significant executive change. Michael J. Mack, Jr., who held the position of Group President for John Deere Financial Services, Global Human Resources, and Public Affairs since 2014, has announced his intention to retire effective November 1, 2016. This departure marks a transition in senior leadership for the company, particularly within its financial services and human resources functions. The filing indicates that a press release detailing these changes and other related senior management adjustments was issued on the same date. Investors should monitor subsequent filings for information regarding Mr. Mack's successor and the overall strategic direction of the affected divisions.
Key Highlights
- 1Michael J. Mack, Jr., a Group President at Deere & Company, announced his retirement.
- 2Mr. Mack's retirement is effective November 1, 2016.
- 3He held responsibility for John Deere Financial Services, Global Human Resources, and Public Affairs since 2014.
- 4The announcement was made via an 8-K filing on September 12, 2016.
- 5The filing references a press release (Exhibit 99.1) containing further details on this and related senior management changes.