Deere & Company announced that its Board of Directors has elected Brent Norwood, 44, as senior vice president effective May 1, 2026. Norwood's appointment follows an internal and external search and a rigorous vetting process. Norwood has more than 20 years of experience at Deere and in the financial industry.
Since 2023, he has served as vice president and finance director for the company's Construction and Forestry division and John Deere Power Systems, with responsibility for financial planning and analysis, forecasting, capital budgeting, and strategic investments. He joined Deere as a program manager and later held roles in global marketing operations, corporate business development, and investor relations. Prior to joining Deere, Norwood worked in the investment industry, with experience spanning capital markets, equity research, and principal investing related to mergers and acquisitions, leveraged buyouts, and capital projects.
Deere & Company specializes in the manufacturing and marketing of agricultural and forestry materials and equipment. Net sales break down by family of products as follows:
- agricultural and green space maintenance equipment (58.9%): tractors, harvesters, sprayers, motors, cutters and grinders, scrapers, irrigation equipment, handling equipment, brush-hogs, power mowers, etc.;
- construction and forestry equipment (24.4%): loaders, graders, tractors, excavators, cutter-chippers, forwarders, etc.;
- other (2.9%).
The remaining sales (13.8%) are from sales financing services (purchasing, leasing, etc.).
Net sales are distributed geographically as follows: the United States (52.5%), Western Europe (14.3%), Latin America (12.3%), Asia/Africa/Oceania/Middle East (9.3%), Canada (8.2%) and other (3.4%).
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