Deere Creates, Fills Chief Economist Position

Posted on August 14, 2006

Deere & Co. said that Dr. J.B. Penn has agreed to head the company's new Office of the Chief Economist, with responsibility for analyzing global macro-economic, policy and trade developments . The appointment is effective September 1. Penn had most recently served as the U.S. Department of Agriculture's under secretary for farm and foreign agricultural services. He was also a negotiator at global trade talks at the World Trade Organization

Deere said it created the Office of the Chief Economist to help guide the company's policy development and corporate growth initiatives worldwide through the analysis of trends in economics, production, trade and governmental policies. The chief economist will apply analyses to Deere's agricultural equipment business as well as the company's other core businesses of construction and forestry equipment, commercial and consumer equipment and its credit operations.