Martin Richenhagen Realized Over $120 Million at AGCO Corporation

August 21, 2020

Andrew Gordon

AGCO Corporation announced the retirement of Chairman, President and CEO Martin H. Richenhagen, effective December 31, 2020. Mr. Richenhagen has been CEO since July 2004. From 2006 to 2019, Richenhagen realized $120,044,153 in total compensation.

On January 1, 2021, Eric P. Hansotia will assume the role of Chairman of the Board, President and Chief Executive Officer. He currently serves as Senior Vice President and Chief Operating Officer of the Company.

To view the details of the transition, please click here.

Martin H. Richenhagen is the 44th CEO from the Equilar 500 to announce their resignation in 2020.

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Brielle Ferdinand

Research Analyst at Equilar

Brielle Ferdinand, Research Analyst at Equilar, authored this post. Please contact Amit Batish, Manager Content & Communications, at abatish@equilar.com for more information about this article.