The announcement follows Allen’s election as president and chief executive in June. The 34-year veteran of the company will continue in his current roles. He replaces current chairman Robert Lane whose term expires at next year’s AGM.
The move is the latest step in Deere & Company’s process of leadership transition announced earlier this year.
The board also voted to reduce its size to 11 members, effective at the same time Allen assumes the chairmanship.
Allen has served as senior officer at Deere since 2001 and was president of the Worldwide Construction & Forestry Division.
He led Deere Power Systems Group, John Deere Credit’s global operations and the company’s global human resources and labour relations.
He has previously had responsibility for the company’s intelligent mobile equipment technologies and for Deere’s advanced technology and innovation.
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