Navistar Chairman Joins AGCO Board

Posted on March 18, 2011

AGCO, a worldwide manufacturer and distributor of agricultural equipment, announced that Navistar International Corp. Chairman, President and CEO Daniel C. Ustian has been elected to its board of directors effective immediately.

"Dan’s extensive leadership experience in the capital goods industry brings a fresh, external perspective to the Board," said Martin Richenhagen, chairman, president and CEO of AGCO Corp. "The addition of his global, machinery manufacturing experience to the collective knowledge of our board better positions AGCO for the opportunities facing our industry."

Ustian has been at Navistar for more than 38 years. Before becoming CEO, he served as president and chief operating officer starting in 2002, overseeing the company’s truck and engine businesses. He served as president of Navistar’s engine group from 1999 to 2002 and group vice president and general manager of engine and foundry from 1990 to 1999.

Ustian will replace Curtis Moll who will be retiring from the AGCO board. In addition, Herman Cain retired from the board effective March 17. A replacement for Cain will be named at a later date, AGCO said.

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