Eric Hansotia is the CEO of AGCO Corporation, having stepped into the role on January 1, 2021. With a solid educational foundation, he holds a bachelor's degree in Agricultural Engineering from the University of Illinois and an MBA from the...
Eric Hansotia is the CEO of AGCO Corporation, having stepped into the role on January 1, 2021. With a solid educational foundation, he holds a bachelor's degree in Agricultural Engineering from the University of Illinois and an MBA from the University of Chicago. His professional journey includes significant experience at AGCO and previous roles at Deere & Company, where he honed his skills in engineering and management. In 2023, he received about $17.27 million in total compensation, which included a combination of salary, stock options, and other benefits. Interestingly, Hansotia's salary has increased from $1.15 million in his first year as CEO to $1.25 million in 2022. Notably, he has been actively involved in trading AGCO stock, with his holdings fluctuating between $3.0 million to well over $20 million from 2019 to 2023. His strategic insight has been evident as he has navigated the company through changing market conditions, focusing on key performance metrics like operating margin and return on net assets. Hansotia's leadership style emphasizes performance-driven results and has been shaped by his background in engineering, making AGCO a stronger player in the agricultural equipment industry.