AGCO Fendt appoints Peter Paffen new spokesperson of the Board of Directors
March 18, 2009
agco corporation, Distributor, and international manufacturer of agricultural equipment, has appointed Peter-Josef Paffen, of 54 years, spokesman for the Board of Directors of Agco Fendt, in replacement of Hermann Merschroth, who died the last March 1, 2009 at the age of 58. "" In his role as director of brand, Peter Paffen will assume the overall responsibility for the Fendt brand,"explained Martin Richenhagen, President, Manager and CEO of Agco."He will continue to work in the promotion of the project recently initiated to increase the productive capacity of the facilities and give continuity to the successful work of Hermann Merschroth. "With the appointment of Paffen, are betting on the continuity of our brand premium".
15.428 Manufactured tractors and a remarkable growth in the segment of technology of harvest, Fendt managed an absolute record of results in the past year. This year 2009 it is beginning as expected, that the demand for agricultural machinery of high-tech remains high. AGCO will invest 170 million euros in German facilities of Marktoberdorf and Hessian Bäumenheim until 2012.
