What changed
Effective October 5, 2026, Stefan Caspari, previously Senior Vice President, Customer Success & North America Ag, was named Senior Vice President and General Manager, Fendt/Valtra & Product Management, retaining leadership of AGCO's North American ag business. Torsten Dehner stepped down from his role as Senior Vice President and General Manager, Global Fendt/Valtra and Product Management and will remain with the company in Switzerland to support the transition. The restructuring reduces the executive team by one member. Luis Felli becomes Senior Vice President and General Manager, Massey Ferguson, Parts & Customer Support, and Damon Audia becomes President, PTx, Corporate Strategy & Distribution.
Why it matters
Effective October 5, 2026, Stefan Caspari, previously Senior Vice President, Customer Success & North America Ag, was named Senior Vice President and General Manager, Fendt/Valtra & Product Management