AGCO Strengthens Global Sales and Marketing Team

AGCO Corporation (NYSE: AG), a major worldwide designer, manufacturer and distributor of agricultural equipment, today announced that it has made several appointments to enhance its global sales and marketing team. "AGCO has the strongest worldwide distribution network in the agricultural equipment industry, and we are committed to maintaining the strongest sales and marketing team to maximize our performance," according to John M. Shumejda, President and Chief Executive Officer of AGCO. "These appointments bolster our global sales and marketing strength and empower AGCO to more fully leverage our distribution advantages around the world." The appointments are as follows: Edward R. Swingle has been appointed to the new position of Senior Vice President, Sales and Marketing for the Americas region. Mr. Swingle was formerly Senior Vice President, Worldwide Marketing. Adri Verhagen has been appointed to the new position of Senior Vice President, Sales and Marketing for the regions of Europe, Africa and the Middle East, and East Asia/Pacific. Mr. Verhagen was formerly Vice President, Sales for Europe, Africa and the Middle East. Dean B. Barnard has been appointed Vice President, Sales for North America. Mr. Barnard was formerly Region Sales Manager of the South Plains region. Declan F. Hayden has been appointed Vice President, Sales for Europe, Africa and the Middle East. Mr. Hayden was formerly Director of Massey Ferguson Brand Marketing for North America. Jack G. Murdoch, formerly Vice President, Sales for North America, has been appointed Vice President of Massey Ferguson Brand Marketing for North America. AGCO Corporation, headquartered in Duluth, Georgia, is a global designer, manufacturer and distributor of agricultural equipment and related replacement parts. AGCO products are distributed in 140 countries. AGCO offers a full product line including tractors, combines, hay tools, sprayers, forage equipment and implements through more than 8,500 independent dealers and distributors around the world. AGCO's products are distributed under the brand names AGCO(R)Allis, Massey Ferguson(R), Hesston(R), White, GLEANER(R), New Idea(R), AGCOSTAR(R), Black Machine, Landini, Tye(R), Farmhand(R), Glencoe(R), Deutz (South America), IDEAL, Fendt(TM), Spra- Coupe(R) and Willmar(R). AGCO provides retail financing worldwide through its Agricredit joint venture. In 1998 AGCO had sales of $2.9 billion. ots Original Text Service: AGCO Corporation Internet: http://www.newsaktuell.de Contact: Judith Czelusniak, Vice President, Corporate Relations, 770-813-6044, or Michele Howard, Director, Corporate Finance, 770-813-6082, both of AGCO Corporation Company News On-Call: http://www.prnewswire.com/comp/017850.html or fax, 800-758-5804, ext. 017850 Web site: http://www.agcocorp.com

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