Martin Richenhagen, born on May 28, 1954, has been a pivotal figure in the agricultural sector as the former CEO of AGCO Corporation from 2004 until his retirement in 2020. He holds a Master's degree in Business Administration from the...
Martin Richenhagen, born on May 28, 1954, has been a pivotal figure in the agricultural sector as the former CEO of AGCO Corporation from 2004 until his retirement in 2020. He holds a Master's degree in Business Administration from the University of Göttingen, providing him with a solid academic foundation for his business career. Throughout his tenure at AGCO, he led the company through various market challenges, significantly impacting its global presence in agricultural solutions. During his leadership, AGCO's share price saw notable fluctuations, peaking at impressive values as he navigated through changing commodity markets. Richenhagen's compensation reflected his performance-driven approach, with his total earnings reaching as high as $10.7 million in 2019, largely due to performance-based bonuses. Interestingly, he also had significant holdings in AGCO stock, peaking at around $74.46 million in late 2020, showcasing his strong belief in the company's future. Beyond AGCO, he has served on the board of other companies, further broadening his industry insights. His experience includes previous roles at Forbo International and Claas KGaA, where he honed his expertise in manufacturing and management. Notably, he was involved with AGCO during an expansion phase, focusing on innovation and growth in the global agriculture market.