Summary
Deere & Company (DE) has announced a key leadership change, appointing T. Brent Norwood as its new Senior Vice President and Chief Financial Officer (CFO), effective May 1, 2026. This appointment marks a significant step in the company's financial leadership, with Mr. Norwood bringing extensive experience from within Deere, including his recent role as Vice President & Finance Director for Construction & Forestry and Power Systems. His background also includes valuable experience in investor relations and corporate development, as well as prior roles in equity research and portfolio analysis, which should provide a strong foundation for his new responsibilities. Mr. Norwood's compensation package includes an annualized salary of $925,000, a target short-term incentive of 100% of base salary, and a one-time award of performance-based and time-based restricted stock units (PSUs). The company has confirmed no family relationships or disclosable related-party transactions involving Mr. Norwood. This transition sees the previous acting CFO, Ryan D. Campbell, returning to his leadership roles in Worldwide Construction & Forestry and Power Systems, ensuring continuity in those critical business segments.
Key Highlights
- 1T. Brent Norwood appointed as Senior Vice President and Chief Financial Officer (CFO), effective May 1, 2026.
- 2Mr. Norwood's prior roles at Deere include Vice President & Finance Director, Director of Investor Relations, and Manager of Investor Communications.
- 3New CFO's compensation includes a $925,000 annual salary and a target bonus of 100% of base salary.
- 4Mr. Norwood will receive a one-time award of performance-based (PSUs) and time-based restricted stock units.
- 5Ryan D. Campbell transitions from acting CFO back to President, Worldwide Construction & Forestry and Power Systems.
- 6No disclosed family relationships or related-party transactions between Mr. Norwood and Deere.
- 7The appointment was accompanied by a press release filed as Exhibit 99.1.