AGCO Corporation appointed Damon Audia and Indira Agarwal at new positions in the company. Audia becomes President of PTx & Corporate Strategy, whereas Agarwal has moved to the position of Senior Vice President, Chief Financial Officer.
In this position, she succeeds Damon Audia.
Damon Audia’s new position encompasses AGCO’s precision agriculture business and the enterprise strategy and transformation teams. Brian Sorbe, who served as President of PTx, has left AGCO.
“Damon brings a deep understanding of our business,” said Eric Hansotia, AGCO’s Chairman, President & CEO. “He has led significant transformation initiatives, including formation of AGCO’s PTx Trimble Joint Venture, and serves as the Chairman of the PTx Trimble JV Board.” Audia currently leads corporate strategy, which will move with him to PTx to help support AGCO’s most important growth levers.
Agarwal, who succeeds Audia as Chief Financial Officer, joined AGCO in 2024 as Chief Accounting Officer, where she has strengthened the transparency of AGCO’s financial reporting. Agarwal has also helped drive AGCO’s transformation efforts focused on improving efficiency, strengthening structural profitability and advancing strategic Mergers & Acquisitions (M&A).
“Indira brings vast global experience and deep expertise across accounting, financial reporting and M&A, along with a strong continuous-improvement mindset”, says Hansotia. “I am confident she will provide strong leadership as we continue to execute our strategy and create value for our shareholders. Damon and Indira have worked closely together, and this transition places two experienced enterprise leaders in roles where their strengths are closely aligned with AGCO’s next phase of growth.”
Audia served as AGCO’s Chief Financial Officer since 2022, overseeing accounting, tax, treasury, M&A, Financial Planning & Analysis (FP&A), corporate reporting, strategy, investor relations, audit and communications. He holds a Master of Business Administration (MBA) degree from Carnegie Mellon University and an undergraduate degree in general studies from the University of Michigan.
Agarwal brings more than 20 years of experience in corporate accounting, financial reporting, M&A and business integration, financial controls and regulatory compliance. She holds a bachelor’s degree in finance from Delhi University and is a Fellow of the Association of Chartered Certified Accountants (ACCA U.K.).
