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Canada's Magazine for Financing & Leasing Executives

October 8 , 2014

Deere Financial names new president, Israel retires

U.S.--Deere & Company announced changes to its senior leadership team that will take place after the retirement of James A. Israel, president of John Deere Financial.

These changes are effective October 23:

· James A. Israel, president, John Deere Financial, has elected to retire after 35 years of service.

· Michael J. Mack, Jr. is appointed group president, John Deere Financial Services, Global Human Resources and Public Affairs.

· Max A. Guinn is appointed president, Worldwide Construction & Forestry, Global Labor Relations and Security.

Israel joined Deere in 1979, has held a number of management positions, and was appointed president of the financial services business in 2006. With his guidance, the size of the company’s credit portfolio nearly doubled to approximately $40 billion and the number of countries in which financing services are offered increased from 17 to 45.

“Over the course of his career, Jim Israel has shown a keen business intellect, dedication and commitment to employees, and a passion for excellent customer service and business leadership,” said Samuel R. Allen, chairman and chief executive officer.

Mack is currently president of Deere’s Worldwide Construction & Forestry Division, a position he has held since 2009. He previously served as Deere & Company’s treasurer and chief financial officer.

Guinn is currently senior vice president of human relations, communications, public affairs and labor relations. He previously held a variety of leadership roles in both of Deere’s major equipment divisions.




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