AGCO Corporation announced executive leadership changes effective August 1, 2026. Damon Audia transitioned from Senior Vice President and Chief Financial Officer to President of PTx & Corporate Strategy, overseeing precision agriculture and enterprise strategy. Indira Agarwal was appointed as the new Senior Vice President and Chief Financial Officer, succeeding Audia with a base salary of $600,000 per year. Brian Sorbe stepped down as President of PTx to pursue other priorities. AGCO is a global leader in agricultural machinery and precision agriculture technologies.

AGCO Corporation reported second-quarter 2026 net sales of $2.6 billion, a 1.0% year-over-year decrease, with reported earnings per share of $1.08 and adjusted EPS of $1.43. The company completed the sale of its 49% equity interests in AGCO Finance U.S. and Canada joint ventures for approximately $190 million on April 30, 2026. Additionally, AGCO repurchased $345 million of shares during the quarter. Management lowered its full-year adjusted EPS outlook to a range of $5.50–$5.75, citing weaker industry demand and macroeconomic uncertainty. The company operates in the agricultural machinery and precision agriculture technology industry.

AGCO Corporation's Board of Directors approved amendments to the company's Bylaws to grant stockholders owning at least 25% of the voting power to the right to ability to call a special meeting. AGCO Corporation is a global manufacturer of agricultural and construction equipment.