As a result of the time commitment required during 2021, and beyond, resulting from having been nominated to the role of Chair of the Supervisory Board of Fresenius Management SE, and standing for election to the Supervisory Board of SE & Co. KGaA. with the goal of assuming its Chairmanship, on November 28, 2020, Mr. Wolfgang Kirsch advised AGCO Corporation that he will not be standing for re-election as a director of the Company at its 2021 Annual Meeting.