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Recognizing 100 CEOs & C-level Executives
Eric Hansotia Agco Corporation

Eric Hansotia

Chairman, President & CEO

AGCO Corporation

Location: Duluth

Founded: 1990

Industry: Agriculture

Eric Hansotia’s drive and passion for the agriculture industry began at a young age working on a local dairy farm and participating in the 4-H youth development program and with Future Farmers of America. That passion has continued to drive him throughout his 30+ year career in the agriculture industry, ultimately taking him to the top of the world’s largest pure-play farm equipment manufacturer in the world where he now serves as the chairman, president and CEO.

AGCO Corporation is a global leader in the design, manufacture and distribution of agricultural machinery and precision AG technology. AGCO delivers customer value through its differentiated brand portfolio, including core brands like Fendt, GSI, Massey Ferguson, Precision Planting and Valtra. Powered by Fuse smart farming solutions, the company’s full line of equipment and services help farmers sustainably feed the world.

Under Hansotia’s leadership, the firm achieved net sales of approximately $12.7 billion in 2022 and established its Farmer-First strategy, placing farmers at the center of everything the company does to maximize value creation. In 2023, Hansotia led the firm’s largest deal in the company’s history – a $2 billion transformative joint venture with Trimble that will create an industry-leading, global mixed-fleet precision AG platform.

“Hansotia has used his bold visionary abilities to set ambitious goals and deliver results that move the industry forward while leading AGCO’s technology transformation and brand vision to be the partner of choice for farmers, employer choice for employees and investment choice for stakeholders,” said his colleagues.

Hansotia’s leadership has also extended beyond AGCO’s recent success and can be seen through his engagement with his local community. From involvement with charities for Cornerstone Christian Academy and Wesleyan Schools in Peachtree Corners to hosting the annual fundraiser at his house for Hope Performance Tennis, Hansotia demonstrates his dedication to the betterment of the next generation both locally and internationally.

“I believe delivering excellence through teamwork is one of the most important attributes of successful leaders today,” said Hansotia. “I advise rising leaders to focus on driving excellence in current roles and I share that growing isn’t always an upward motion. View each position – even lateral or even downward moves – as a chance to generate excellence and inspire it in others.”

Hansotia said his career has been about the intersection of agriculture and innovation. “My love and vision for this industry and its potential impact extends well beyond where we are today,” he said. “As a father, I have vested interest in meeting agriculture’s challenges while leaving a healthier planet for the next generation.”

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My lifelong connection to agriculture has been an important part of my success. From working on a local dairy farm at a young age to participating in 4-H and Future Farmers of America, I have developed a deep-rooted love for this industry which has fueled my passion for the work I do to help farmers in the U.S. and around the world. My 30-year career has been about the intersection of agriculture and innovation – a time of tremendous change in this industry, with complex new technologies coming online to help farmers produce more while reducing their environmental impact. Leading a company at the forefront of this ever-changing industry has required me to simplify complex topics and clearly communicate our value to customers, partners, employees and other stakeholders.

My love and vision for this industry and its potential impact extends well beyond where we are today. As a father, I have a vested interest in meeting agriculture’s challenges while leaving a healthier planet for the next generation. Thinking of the world I want for my kids provides extra motivation to achieve AGCO’s mission of providing farmer-focused solutions to sustainably feed our world.

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