AGCO Appoints Damon Audia as President of PTx

Duluth, Georgia - AGCO Corporation., an agricultural machinery manufacturer, has announced senior leadership changes, appointing Damon Audia as President of PTx & Corporate Strategy and Indira Agarwal as Senior Vice President and Chief Financial Officer.

In his new role, Audia will lead AGCO’s precision agriculture business along with the company’s enterprise strategy and transformation teams. Corporate strategy will also move with Audia to PTx as AGCO seeks to strengthen its key growth initiatives. Brian Sorbe, who previously served as President of PTx, has left the company.

Mr. Eric Hansotia, AGCO’s Chairman, President & CEO, said, “Damon brings a deep understanding of our business. The 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 has served as AGCO’s Chief Financial Officer since 2022, overseeing accounting, tax, treasury, mergers and acquisitions, Financial Planning & Analysis, corporate reporting, strategy, investor relations, audit and communications. He holds an MBA from Carnegie Mellon University and an undergraduate degree in general studies from the University of Michigan.

Indira Agarwal will succeed Audia as Chief Financial Officer. Agarwal joined AGCO in 2024 as Chief Accounting Officer and has contributed to strengthening the transparency of the company’s financial reporting. She has also supported AGCO’s transformation initiatives focused on improving efficiency, strengthening structural profitability and advancing strategic mergers and acquisitions.

Agarwal brings more than 20 years of experience across corporate accounting, financial reporting, mergers and acquisitions, 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.

The leadership appointments align AGCO’s precision agriculture, corporate strategy and financial functions with the company’s broader growth and transformation priorities.

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