AGCO Corporation, one of the world's leading designers, manufacturers, and distributors of agricultural equipment, announced it had instituted a new matrix management structure within the company that is designed to improve operation focus and procedural control.
The new plan will identify and develop candidates for succession requirements. The approach provides for both operating control of sales, manufacturing and engineering by geographical brand, and functional supervisory responsibility on a worldwide basis.
The dual management system is expected to provide increased focus on a given brand in a specific regional market, which the functional management provides expertise and coordination of specific technical responsibilities such as manufacturing, engineering, material managemnt, product development, sales and marketing, and finance on a global basis.
The plan is e xpected to enhance control procedures, brand market development and cooperation in cordinating the various worldwide assets of the company.
In addition, the arrangement provides the opporutnity for human resource development with hands-on experience in an operating environment.
AGCO Corporation, headquartered in Duluth, GA, is a global designer, manufacturer and distributor of agricultural equipment and related replacement parts. The company has distributed in 140 countries. The company offers a full product line including tractors, combines, hay tools, sprayers, forage, tillage equipment and implements through more than 8,600 independent dealers and distributors around the world.
Brand names include AGCO, AgcoAllis, AgcoStar, Challenger, Farmhand, Fendt, Fieldstar, Gleaner, Glencoe, Hesston, Lor*Al, Massey-Ferguson, New Idea, Rogator, SISU Diesel, Soilteq, SpraCoupe, Sunflower, Terra-Gator, Tye, Valtra, White and Willmar. In 2003, AGCO had net sales of $3.5 billion.