01—Abstract
Summary
Summary of the 8-K filed May 1, 2026. Cited figures are marked; the original filing is the authoritative source.
Deere & Company (NYSE: DE) has elected T.
Brent Norwood, 44, as Senior Vice President and Chief Financial Officer, effective May 1, 2026, according to this 8-K filed May 1, 2026. The board made the appointment on April 28, 2026. Norwood succeeds Ryan D.
Campbell, who had been serving as acting CFO and will remain with the company as President, Worldwide Construction & Forestry and Power Systems. The filing describes the change as a leadership transition rather than a shift in financial results or guidance, so it carries no direct earnings impact. Norwood brings more than 20 years of experience at Deere and in finance.
Since October 2023 he has been Vice President & Finance Director for Construction & Forestry and Power Systems, overseeing financial planning, forecasting, capital budgeting, and strategic investments. Earlier he led Investor Relations (2022–2023), and his prior roles include equity research at Credit Suisse, portfolio analysis at Highland Capital Management, and work at THL Credit. The company also notes he played a role in the Wirtgen and Blue River Technology acquisitions and was recognized by Institutional Investor as a top investor relations professional.
Compensation is disclosed at a $925,000a annual base salary, a 100% target short-term incentive, and a one-time award of 8,809 performance-based restricted stock units vesting through October 27, 2030. For investors, the main takeaways are continuity, since Norwood is an internal candidate with deep knowledge of Deere's businesses and investor relations, and the retention of Campbell in an operating leadership role. The 8-K does not explain the reasons for the transition, so investors may want to watch upcoming earnings calls for commentary on the handover and any changes in capital allocation priorities.
02—Key points
Key Highlights
- T. Brent Norwood, 44, elected SVP and Chief Financial Officer effective May 1, 2026, by the board on April 28, 2026
- Norwood replaces acting CFO Ryan D. Campbell, who remains as President, Worldwide Construction & Forestry and Power Systems
- Norwood previously served as VP & Finance Director for Construction & Forestry and Power Systems (since October 2023) and as Director of Investor Relations (2022–2023)
- Compensation: $925,000 annualized base salary and 100% short-term incentive target
- One-time award of 8,809 performance-based RSUs under the 2020 Equity and Incentive Plan, with time-based vesting through October 27, 2030
- The appointment followed an internal and external search, with Norwood described as having played a role in the Wirtgen and Blue River Technology acquisitions
- No family relationships or related-party transactions requiring disclosure were identified in the filing
03—Questions
Frequently Asked Questions
Does this CFO change affect Deere's financial results or guidance?
The 8-K does not report any change to financial results or guidance. It is a leadership appointment, and the filing contains no financial performance data.
Who is the new CFO and is he an internal or external hire?
T. Brent Norwood is an internal promotion. He joined Deere in 2013 as a program manager and has since held roles in global marketing operations, corporate business development, investor relations, and as finance director for Construction & Forestry and Power Systems. Before Deere, he worked in equity research, portfolio analysis, and private credit.
What happens to Ryan Campbell, the previous acting CFO?
Campbell will continue at Deere as President, Worldwide Construction & Forestry and Power Systems, so he remains in an operating leadership role rather than leaving the company.
What is Norwood's compensation package?
He receives a $925,000 annualized base salary, a short-term incentive target of 100% of salary, and a one-time award of 8,809 performance-based RSUs. The RSUs vest on a time basis through October 27, 2030, and are earned based on performance goals described in a prior 8-K filed March 16, 2026.
Why did Deere change CFOs, and what could it mean for investors?
The filing does not state the reasons for the change. Investors may want to listen for management commentary on the transition in upcoming earnings calls. The appointment of an internal candidate with investor relations and capital allocation experience suggests continuity, but any shift in financial priorities would need to be confirmed by future company communications.
04—Continue