MOLINE,
Ill., Nov. 1, 2024 /CNW/ -- Deere & Company
(NYSE: DE) today announced the appointment of R. Preston Feight to the company's board of
directors. He currently serves as chief executive officer of PACCAR
Inc (Nasdaq: PCAR), a Fortune 500 company and a global technology
leader in the design, manufacture, and customer support of
high-quality light-, medium-, and heavy-duty trucks under the
Kenworth, Peterbilt, and DAF nameplates.
Feight's leadership at PACCAR has been characterized by
pioneering advancements in engineering, manufacturing, aftermarket,
and financial services capabilities. His strong emphasis on
technology has positioned PACCAR as a leader in advanced
powertrains—including diesel, electric, and hydrogen fuel cells—as
well as in sophisticated driver assistance systems and truck
connectivity.
"We're pleased to welcome Preston to the Deere board—an
accomplished leader whose experience as CEO of another innovative
industrial company aligns perfectly with our own transformation
journey," said John C. May, Deere's
chairman and CEO. "His leadership at PACCAR, which has a strong
history of collaboration with Deere, along with his extensive
business strategy and technology background, will be invaluable as
we advance our Smart Industrial Operating Model."
In his 26 years with PACCAR, Feight has held positions as
director of product planning, chief engineer, assistant general
manager of sales and marketing, and general manager of Kenworth
Truck Company, as well as president of DAF Trucks. In 2018, he was
appointed PACCAR executive vice president and became CEO in
July 2019. Earlier in his career,
Feight held engineering roles at AlliedSignal and Ford.
He holds a Bachelor of Science degree in Mechanical Engineering
from Northern Arizona University and a
Master of Science in Engineering Management from the University of Colorado. He is a licensed
professional engineer and commercial truck driver.
With Feight's appointment, the size of Deere's board has
increased to 12 members, 11 of whom are independent, or
non-employee, directors.
About Deere & Company
Deere & Company (www.JohnDeere.com) is a global
leader in the delivery of agricultural, turf, construction, and
forestry equipment. We help our customers push the boundaries of
what's possible in ways that are more productive and sustainable to
help life leap forward. Our technology-enabled products including
John Deere Autonomous 8R Tractor, See & Spray™, and
E-Power Backhoe are just some of the ways we help meet the world's
increasing need for food, shelter, and infrastructure. Deere &
Company also provides financial services through John Deere
Financial.
For more information on Deere & Company, visit us
at www.deere.com/en/news/.
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SOURCE John Deere Company
