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Deere & Company, doing business as John Deere (/ ˈ dʒ ɒ n ˈ d ɪər /), is an American corporation that manufactures agricultural machinery, heavy equipment, forestry machinery, diesel engines, drivetrains (axles, transmissions, gearboxes) used in heavy equipment and lawn care equipment.
John Deere was born on February 7, 1804, in Rutland, Vermont, [4] the third son of William Rinold Deere, [5] a merchant tailor, and Sarah Yeats. [6] After a brief educational period at Middlebury College, at age 17 in 1821, he began an apprenticeship with Captain Benjamin Lawrence, a successful Middlebury blacksmith, and entered the trade for himself in 1826.
Allen started his career at John Deere in 1975, where he first worked as an industrial engineer. [1] He became the company's president and chief operating officer in June 2009. [5] Allen was the chairman and chief executive officer of Deere & Company from February 2010 to November 2019. [5] In 2016, he earned more than US$18 million. [1] [6]
CEO pay includes salary, bonuses, stock sales, and other payments. Average CEO Pay is calculated using the last year a director sat on the board of each company. Stock returns do not include dividends. All directors refers to people who sat on the board of at least one Fortune 100 company between 2008 and 2012.
Certified Quality Engineer, often abbreviated CQE, is a certification given by the American Society for Quality (ASQ). These engineers are professionally educated in quality engineering and quality control .
However, while these contracts had been negotiated during difficult times for the company, 2021 was a profitable year for John Deere, with revenue up 11 percent and net income up 84 percent compared to the previous year. [5] For 2021, John Deere was expecting to make a record $6 billion in profit. [12]
The company is North America's main John Deere dealership group, extending across the eastern and central portions of the United States and Canada. Nortrax factory-trained technicians service all makes and models, with an extensive parts inventory.
The John Deere Foundation, the philanthropic organization funded by the company, has provided hundreds of millions in grants worldwide since it was founded in 1948. After the death of William and Patricia Hewitt, their children Alexander, Anna, Adrienne, and board members continue the philanthropic work through the Rock River Trust Company.