Deere names new CFO in second rejig in three months
2022.09.01 14:34
FILE PHOTO: A hat with the words John Deere is seen for sale at a dealership in Taylor, Texas, U.S., February 16, 2017. Picture taken February 16, 2017. REUTERS/Mohammad Khursheed/File Photo
(Reuters) -Farm equipment maker Deere (NYSE:DE) & Co on Thursday named Joshua Jepsen as its chief financial officer, replacing Rajesh Kalathur, who was appointed to the role barely three months ago.
Kalathur will continue as president of Deere’s financial unit, Deere said in a statement.
Jepsen, who assumed the duties of deputy financial officer at Deere earlier this year, joined the company as an intern in 1999. He will receive an annual base salary of $850,000, Deere said in a filing.
Deere earlier last month lowered its full-year profit outlook as it struggled to make enough tractors amid high costs and a shortage of parts.
