AGCO announced that its board of directors has appointed Damon Audia to succeed Andy Beck as Senior Vice President, effective July 1, 2022. Mr. Audia joins AGCO from Kennametal Inc, where he served as the CFO since August 2018. Andy Beck will retire from AGCO in early 2023.

He will serve as Senior Advisor to both the CEO and the new CFO for the remainder of his tenure. Prior to Kennametal, Mr. Audia served as Senior Vice President and CFO at Carpenter Technology Corporation, a global manufacturer of premium specialty alloys. He also spent ten years in various leadership roles at The Goodyear Tire and Rubber Company, most recently serving as Senior Vice President of Finance for the company's North America division.

In addition, Mr. Audia held various financial positions at Delphi Corporation and General Motors. Damon received a Master of Business Administration degree from Carnegie Mellon University and an undergraduate degree in general studies from the University of Michigan.