Farm equipment manufacturer AGCO Corp. has announced a key management change in the grain storage business when it purchased GSI Holdings Corp. for $940 milllion last December.
Tom Welke has been named senior vice president for global grain and protein at GSI. Mr. Welke has a wealth of experience in China, where he most recently served as GSI’s vice president and managing director.
He had also been president of the company’s global grain business. Before joining GSI, he worked with Whirlpool Corp., where he held the role of vice president for European product strategy, among other positions.
AGCO announced the change Aug. 31.
Traditionally a tractor and combine manufacturer serving the production side, AGCO’s purchase of GSI was an aggressive move into the crop-storage business as droughts around the developed world threatened global food security, especially in the emerging markets where the Duluth-based company is seeing rapid growth.
AGCO also announced changes to its Europe, Africa, Middle East and Information Technology division, with Hubertus Muehlhaeuser resigning as senior vice president and general manager.
Visit www.agcocorp.com for more information.
