Praxair, Inc. has announced that Martin H. Richenhagen, Chairman, President and CEO of AGCO Corporation, has been elected to the Praxair board of directors.
With 2014 net sales of $9.7bn, AGCO is a global leader in the design, manufacture and distribution of agricultural equipment.
It is this experience in the field of manufacturing – and a proven track record in ‘driving productivity, growth and financial discipline’ – that Praxair welcomes to its Board of Directors.
Steve Angel, Praxair’s Chairman and CEO, explained, “Martin is a highly regarded CEO who brings a wealth of global manufacturing and leadership experience to the table, and we are very pleased to welcome him to our board.”
“Over the past two decades, Martin has held a variety of key executive roles in the manufacturing industry and has a successful track record in driving productivity, growth and financial discipline. We look forward to the unique insight and experience he will add to our board.”
Richenhagen was named President and CEO of AGCO Corporation in 2004 and was appointed Chairman in 2006, where he continues to serve on the Executive Committee and Succession Planning Committee.
Previously, he had served as executive vice president at Forbo International SA, a leading global manufacturing firm headquartered in Switzerland, and served as group president for CLAAS KgaA mbH, a global manufacturer of agricultural equipment headquartered in Germany.