John May

John Deere

Despite a decline in sales, profits rose for John Deere in its first quarter. Friday the company reported profits rose four per cent to $1.63 per share, compared with $1.54 last year at this time. But worldwide sales fell four per cent, to 7.6 billion dollars.

New Leader for Deere

Aug 29, 2019
Deere and Company

A new leader will soon take over at John Deere. Thursday the company announced directors have chosen John May to become Chief Executive Officer in November.

Deere and Company

A top executive at John Deere has been promoted. Friday the company announced a decision by the board of directors to appoint John May to be Chief Operating Officer, starting next month.

Monosem

John Deere is going to buy a French company known for its planting equipment. Monday it announced an agreement to acquire Monosem which has four plants in France and two in the US.

Deere says Monosem is a family owned company founded in 1948, and it's the market leader in Europe for precision planters. Despite new ownership, it will keep its brand and trademark after the sale is completed.