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MarketScreener Homepage  >  Equities  >  Nyse  >  Deere & Company    DE

DEERE & COMPANY

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Deere mpany : JDPS announces engineering leadership changes

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04/23/2019 | 11:09am EDT

Waterloo, Iowa (April 23, 2019) - John Deere Power Systems announced engine engineering leadership changes in response to the planned retirement of a vice president.

Michael Weinert has elected to retire after 42 years of distinguished service at John Deere, effective May 3. Weinert is vice president engineering and manufacturing, John Deere Power Systems.

'Mike has over four decades of accomplishments with John Deere, including management roles at four engine factories. Mike was named director engine engineering in 2003, and vice president engineering and manufacturing in 2010. He has been involved with the John Deere emissions journey since the development of Tier 1/Stage I emissions-certified engines, providing key leadership in the John Deere emissions journey to Final Tier 4/Stage V,' said Pierre Guyot, senior vice president for John Deere Power Systems.

Subramani appointed global director, engine engineering

With the pending retirement of Mike Weinert, Mani Subramani has been appointed global director engine engineering, John Deere Power Systems, effective May 1st. In this new position, Subramani will provide overall strategic direction and leadership for the development of John Deere diesel engines.

'Mani's technical and leadership experiences make him well suited to lead the engine engineering organization and the development of new engine programs,' said Guyot.

Subramani began his career with John Deere in 1999. During his 20 years of service, he has held roles of increasing responsibilities within engine engineering. In these positions, he led the transition of engines from US/EU Tier 2/Stage II through Tier 4/Stage V and global (Brazil, China, India) emissions compliance. For the last several years, he served as engineering manager for new engine programs and continuous improvement of engines in production. Prior to John Deere, Subramani worked for another engine manufacturer.

Disclaimer

Deere & Company published this content on 23 April 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 23 April 2019 15:08:07 UTC

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Financials ($)
Sales 2019 34 983 M
EBIT 2019 4 046 M
Net income 2019 3 332 M
Debt 2019 39 785 M
Yield 2019 2,09%
P/E ratio 2019 13,42
P/E ratio 2020 11,80
EV / Sales 2019 2,40x
EV / Sales 2020 2,26x
Capitalization 44 255 M
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