Deere & Company Appoints Brent Norwood as Chief Financial Officer

Key Executive Appointment Announced – May 1, 2026

Deere & Company (NYSE: DE) has announced a significant leadership transition with the appointment of Brent Norwood as Senior Vice President and Chief Financial Officer (CFO), effective May 1, 2026. This decision follows a comprehensive internal and external search, as well as a rigorous vetting process, underlining the Board’s commitment to world-class financial stewardship.

Key Points in the Report

• Brent Norwood, age 44, brings over 20 years of relevant experience in both Deere & Company and the broader financial industry.
• Norwood most recently served as Vice President and Finance Director for Deere’s Construction and Forestry Division and John Deere Power Systems, overseeing critical areas such as financial planning and analysis, forecasting, capital budgeting, and strategic investments.
• His appointment was endorsed by John C. May, Chairman and CEO, who cited Norwood’s “deep financial expertise, strong strategic judgment, and disciplined approach to capital allocation” as essential attributes for Deere’s next chapter.
• Norwood’s background includes roles in global marketing operations, corporate business development, and investor relations, giving him a broad understanding of the business and investor expectations.
• He played pivotal roles in Deere’s acquisitions of Wirtgen and Blue River Technology and contributed to shaping Deere’s Smart Industrial strategy and Leap Ambitions, initiatives aimed at driving long-term economic value and sustainability for customers.
• Norwood has received industry recognition, being named the top investor relations professional in the machinery sector by Institutional Investor.
• Prior to Deere, Norwood accumulated experience in the investment industry, including capital markets, equity research, and principal investing in M&A, leveraged buyouts, and capital projects.

Important Information for Shareholders

• Leadership changes at the CFO level are often closely watched by investors, as the CFO plays a critical role in capital allocation, financial strategy, and communications with shareholders.
• Norwood’s track record of involvement in major strategic acquisitions and operational initiatives signals continuity in Deere’s focus on innovation, value creation, and disciplined investment.
• His recognition by Institutional Investor and experience across financial and operational functions may boost investor confidence in Deere’s financial stewardship and long-term outlook.
• The company’s emphasis on executing its Smart Industrial strategy and Leap Ambitions, with Norwood’s involvement, could be viewed positively by the market as Deere continues to prioritize technological advancement and sustainable growth.

Potential Share Price Impact

The appointment of Brent Norwood as CFO could be considered price-sensitive information for several reasons:

• It signals stability and ongoing strategic direction for Deere’s financial management and capital allocation.
• Norwood’s history with successful acquisitions and strategic initiatives may reassure investors about future M&A activity and innovation.
• The continuity in leadership and Norwood’s positive reputation among investors may reduce uncertainty and support share value, particularly as Deere pursues ambitious growth and sustainability goals.

About Deere & Company

Deere & Company, known globally for its John Deere brand, is a leader in agricultural, construction, forestry, and turf machinery, as well as power systems. With nearly 200 years of history, Deere continues to drive innovation in essential industries that support food, fiber, fuel, and infrastructure for communities worldwide.

For further details, investors and stakeholders can access additional information at www.deere.com/en/news/.

Contact: Jen Hartmann, Director, Public Relations – [email protected]

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making any investment decisions. Past performance is not indicative of future results.

View DEERE & CO Historical chart here