AGCO announced that its Board of Directors has appointed Tim Millwood to succeed Hans-Bernd Veltmaat as Senior Vice President and Chief Supply Chain Officer effective August 15, 2022. Mr. Millwood joins AGCO following a more than thirty-year career at Cummins Inc, where he most recently served as Vice President, Global Manufacturing. Hans-Bernd Veltmaat has chosen to retire from AGCO on December 31, 2022.

He will serve as a Strategic Advisor for the remainder of his tenure. Mr. Millwood's career at Cummins included multiple international assignments culminating in his leadership of purchasing and manufacturing over the past decade. He holds a bachelor's degree in industrial engineering from the Georgia Institute of Technology.