AGCO, a manufacturer and distributor of agricultural equipment, infrastructure and precision agriculture technology, chose Damon Audia to succeed Andy Beck as senior vice president and CFO, effective July 1. Audia joined AGCO from Kennametal, an industrial technology company specializing in tooling and wear-resistant solutions, where he served as CFO since August 2018.

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.

“On behalf of the AGCO team, I want to thank Andy for his outstanding contributions over the past 28 years, the last 20 years as our CFO,” Eric Hansotia, chairman, president and CEO of AGCO, said. “Andy has served AGCO with great distinction and loyalty through the years, and we are enormously thankful for his contributions to the company. He has been a model of corporate leadership and integrity in the industry. We thank him for his continued support into 2023 and we wish him well in his retirement from the company.”

Prior to Kennametal, Audia served as senior vice president and CFO at Carpenter Technology, a global manufacturer of specialty alloys. He also spent 10 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. Audia also held various financial positions at Delphi Corporation and General Motors.

“We are pleased to welcome Damon to the AGCO senior leadership team,” Hansotia said. “He is a seasoned leader with broad financial experience and a proven track record, making him an excellent candidate for this role. His wealth of financial knowledge and extensive manufacturing experience will be invaluable as we continue to evolve AGCO’s smart solutions for our farmer customers.”