Martin H. Richenhagen was selected to be President and CEO of AGCO Corporation by the board of directors in March 2004. He was appointed to Chairman of the board in August 2006 and continues serves on the executive committee and the succession planning committee. Previously Mr. Richenhagen was the Executive Vice President at Forbo International S.A. and served as Group President for CLAAS KgaA mbH. Prior to 1995, he was the Senior Executive Vice President of Field Operations for Schindler Holding GmbH, in Germany. Mr. Richenhagen also served as a board member for the Phelps Dodge Corp. from 2006 through the first quarter of 2007, until the company’s sale to Freeport McMoRan Copper & Gold, Inc. He is currently a board member for PPG Industries, where he is also on the audit, and technology and environment committees. Mr. Richenhagen is a member of the board of directors of the U.S. Chamber of Commerce. He has served as Chairman of the board of the Association of Equipment Manufacturers and is a Life Honorary Director of AEM. In the course of two decades, Mr. Richenhagen’s manufacturing career has covered a wide array of executive positions and managing directorships, with responsibility for sales, marketing, human resources management, acquisitions, joint ventures, logistics, materials purchase, inventory management and competitor intelligence. Mr. Richenhagen graduated from the University of Bonn. In December 2008, he was appointed Honorary Professor to the faculty of agricultural machinery at TU-Dresden, the Dresden University of Technology.