Deere & Company (NYSE:DE) announced that its Board of Directors has added two new members. Dmitri L. Stockton, President and Chief Executive Officer of GE Asset Management, and Sheila G. Talton, President and Chief Executive, Gray Matter Analytics, have been elected to the Deere & Company Board of Directors, effective May 27, 2015.
“These new members bring significant expertise to the Deere & Company Board of Directors, experience that will benefit Deere’s operations around the world,” said Samuel R. Allen, Deere Chairman and Chief Executive Officer. “Dmitri has been a leader in global finance and asset management while Sheila brings an expertise in data and technology. We are pleased Dmitri and Sheila have agreed to join the Deere Board.”
Sheila Talton is a 30-year veteran in the information technology industry. She has a successful record of building consulting practices at EDS and Cisco Systems and helping technology businesses create and execute global strategies including initiatives focused on big data. Sheila is a graduate of Northern Illinois University and Harvard Business School’s AMP program.
Dmitri Stockton has held leadership positions in banking, asset management, commercial real estate, mortgage finance and insurance. He is a Senior Vice President at GE Company and serves on the Corporate Executive Council. He has held leadership positions at GE Asset Management, GE Capital Corporation and GE Consumer Finance.
Deere said the additional Board members are being added in anticipation of scheduled retirements. With these elections, Deere & Company’s Board totals 14 members, 13 of whom are independent directors. (Original Source)
Shares of Deere & Company opened today at $93.89 and are currently trading up at $94.35. DE has a 1-year high of $94.36 and a 1-year low of $78.88. The stock’s 50-day moving average is $89.57 and its 200-day moving average is $88.28.
On the ratings front, Deere & Company has been the subject of a number of recent research reports. In a report issued on May 22, Merrill Lynch analyst Ross Gilardi upgraded DE to Hold. Separately, on the same day, Standard & Poor’s’ Jim Corridore reiterated a Sell rating on the stock .
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Ross Gilardi and Jim Corridore have a total average return of -0.2% and 13.4% respectively. Gilardi has a success rate of 47.4% and is ranked #2696 out of 3607 analysts, while Corridore has a success rate of 59.1% and is ranked #589.
Deere & Company operates in three business segments: agriculture/ turf, construction/forestry, & financial services. The company helps customers to be more productive as they help to improve the quality of life for people around the world.