MOLINE, IL - Deere & Company (NYSE: NYSE:DE) has announced the appointment of Kellye Walker as Senior Vice President, Chief Legal Officer, and Worldwide Public Affairs, set to take effect on April 29. Walker will be succeeding Mary Jones in these roles.
Bringing over two decades of senior executive experience to the table, Walker previously held the position of Vice President & Chief Legal Officer at Eastman Chemical Company (NYSE:EMN). Her responsibilities there encompassed a range of legal and regulatory aspects, including corporate governance, compliance, and intellectual property.
Walker's career also includes senior roles at Huntington Ingalls (NYSE:HII) Industries, American Water (NYSE:AWK) Works Co., Diageo (LON:DGE) North America, and BJ's Wholesale Club (NYSE:BJ), as well as partnership positions in major law firms.
John May, Chairman & CEO of Deere & Company, commended Walker's strategic leadership and problem-solving skills, noting her track record of delivering results in dynamic environments. He expressed confidence that Walker's expertise will benefit Deere & Company as it continues to innovate in the agriculture, construction, and forestry sectors.
Deere & Company is known for its technology-enabled products, such as the John Deere Autonomous 8R Tractor, See & Spray™ technology, and E-Power Backhoe, which aims to enhance productivity and sustainability in meeting global demands for food, shelter, and infrastructure. The company also offers financial services through John Deere Financial.
The information in this article is based on a press release statement from Deere & Company.
InvestingPro Insights
As Deere & Company (NYSE: DE) welcomes Kellye Walker to its executive team, investors may find it beneficial to consider some key financial metrics and insights from InvestingPro. With a market capitalization of $111.19 billion and a sturdy Price/Earnings (P/E) ratio of 11.53, the company demonstrates a strong financial position. Adjusted for the last twelve months as of Q1 2024, the P/E ratio shows a slight decrease to 11.18, indicating stable earnings relative to the company's share price.
InvestingPro Tips reveal that Deere & Company has been a model of consistency in shareholder returns, having maintained dividend payments for an impressive 54 consecutive years and raising its dividend for the last three years. This consistent return to shareholders is complemented by a dividend growth of 22.5% over the last twelve months as of Q1 2024, showcasing the company's commitment to its investors.
Moreover, Deere & Company stands out in the Machinery industry as a prominent player, a fact that aligns with the company's focus on innovation and technology as highlighted in the recent appointment announcement. With analysts predicting profitability for the current year and a history of profitability over the last twelve months, the company's financial health appears robust.
For those interested in further insights and metrics, InvestingPro offers additional tips that can help investors make more informed decisions. To explore these insights, visit InvestingPro and remember to use the coupon code PRONEWS24 to get an extra 10% off a yearly or biyearly Pro and Pro+ subscription. There are currently 15 additional InvestingPro Tips available for Deere & Company on the platform, providing a comprehensive analysis for prospective and current investors.
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