May 30, 2020

Deere Board elects John Stone as President, Worldwide Construction & Forestry and Power Systems

Deere & Company (NYSE: DE) announced that its Board of Directors elected John Stone, 50, to the position of President, Worldwide Construction & Forestry and Power Systems, effective July 1. He will be responsible for the overall management and performance of the company’s construction and forestry operations throughout the world and for the continued success of the Wirtgen organization. Stone also will have responsibility for the engine, drivetrain, and electronic-component businesses.

Stone, who joined the company in 2002, has managed the company’s global utility tractor product line and headed corporate strategy. Since 2016, he has been Senior Vice President, Intelligent Solutions Group. In that role, he has led the company’s highly successful efforts to develop precision technologies that are bringing value and productivity to customers. Stone was instrumental in the opening of John Deere Labs, a San Francisco-based research unit focused on breakthrough technologies such as machine learning and robotics. Also under his leadership, Deere in 2017 acquired Blue River Technology, a company that develops computer vision and machine learning capabilities for agriculture.

“John’s record of success and proven leadership skills make him highly qualified for this critical role,” said John C. May, Chairman and Chief Executive Officer. “His firm grasp of the vital importance of technology will be of great benefit as he assumes leadership of our construction equipment operations.”

Stone succeeds James M. Field, 57, who will assume a new role as Senior Advisor, Office of the Chairman, effective July 1. In this position, Field will provide counsel to company leadership on various financial and operating matters. Since joining Deere in 1994, he has held a number of key leadership assignments. He was president of the former commercial and consumer equipment and agriculture and turf divisions and also served as a senior vice president and chief financial officer. In 2018, Field was named President, Worldwide Construction & Forestry and Power Systems.

About

Deere & Company is a world leader in providing advanced products and services for customers whose work is linked to the land – those who cultivate, harvest, transform, enrich and build upon the land to meet the world’s increasing need for food, fuel, shelter and infrastructure.

www.deere.com