Allen to retire from John Deere May 1st
John Deere’s Chairman of the Board will retire May 1st. Samuel R. Allen will step down after forty-five years with the company. Allen was also the Chief Executive Officer from 2009 until stepping down in November of last year. New CEO John C. May will become Chairman of the Board when Allen retires.
May says Deere and Company had nine of the ten highest-earning years in company history under Allen’s leadership. Allen also launched the Intelligent Solutions Group in 2012 which was behind their precision technology tools, started Deere’s global employee volunteerism program, and doubled the company’s philanthropic activities to over 38 million dollars annually.
Allen joined Deere as an industrial engineer in 1975 after graduating from Purdue University.