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| Deere & Company appoints new chairman of the board Deere & Company announced that its board of directors has elected Samuel R. Allen as chairman of the board, effective at the conclusion of the Feb. 24, 2010, annual meeting of stockholders. Allen will continue as Deere & Company president and chief executive officer. The action is another step in Deere & Company's systematic process of leadership transition that was announced in June. Allen will become chairman immediately following expiration of Robert W. Lane's current term as chairman and member of the Deere board of directors. The board also voted to reduce the size of the Board to 11 members, effective at the same time as Allen becomes chairman. write your comments about the article :: © 2009 Construction News :: home page |