Deere & Company (NYSE: DE) elevates Brent Norwood to chief financial officer role
Rhea-AI Filing Summary
Deere & Company has elected T. Brent Norwood, 44, as senior vice president and chief financial officer, effective May 1, 2026. He replaces Ryan D. Campbell, who continues as president of Worldwide Construction & Forestry and Power Systems.
Norwood previously served as vice president & finance director for Construction & Forestry and Power Systems and earlier led investor relations and investor communications. In his new role, he will receive an annualized salary of $925,000 and remain eligible for a short-term incentive award targeted at 100% of base salary.
On May 1, 2026, Norwood will also receive a one-time grant of 8,809 performance-based restricted stock units under the John Deere 2020 Equity and Incentive Plan, subject to performance goals and time-based vesting through October 27, 2030. The company states there are no family relationships or related-party transactions requiring disclosure.
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8-K Event Classification
Key Figures
Key Terms
performance-based restricted stock units financial
John Deere 2020 Equity and Incentive Plan financial
short-term incentive plan financial
Regulation FD Disclosure regulatory
Item 404(a) of Regulation S-K regulatory
emerging growth company regulatory
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FAQ
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM |
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT:
Title of each class | Trading symbol | Name of each exchange on which registered | ||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Election of Chief Financial Officer
On April 28, 2026, the board of directors of Deere & Company (the “Company”) elected T. Brent Norwood, 44, as its Senior Vice President and Chief Financial Officer (principal financial officer and principal accounting officer), effective May 1, 2026. Mr. Norwood replaces Ryan D. Campbell, who was acting Chief Financial Officer and will continue as President, Worldwide Construction & Forestry and Power Systems for the Company.
Mr. Norwood has served as the Company’s Vice President & Finance Director, Construction & Forestry and Power Systems since October 2023. Prior to this role, he served as Director, Investor Relations from 2022 to 2023, and Manager, Investor Communications from 2018 to 2022. Mr. Norwood joined the Company on a full-time basis in 2013 as a Program Manager. He has held various positions of increasing responsibility with the Company, in global marketing operations and corporate business development. Prior to joining the Company, Mr. Norwood worked as an equity research analyst with Credit Suisse, a portfolio analysis with Highland Capital Management, and an associate at THL Credit (Thomas H. Lee Partners).
In connection with his appointment, Mr. Norwood will receive an annualized salary of $925,000. Mr. Norwood will continue to participate in the Company’s short-term incentive plan, with a target award of 100% of his base salary.
On May 1, 2026, Mr. Norwood will also receive a one-time award of 8,809 performance-based restricted stock units (PSUs) under the John Deere 2020 Equity and Incentive Plan, to be earned contingent on the achievement of performance goals, and time-based vesting through October 27, 2030. A description of the terms of the one-time award of PSUs is included in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on March 16, 2026, which description is incorporated herein by reference.
Other benefits available to named executive officers are described in the Company’s proxy statement filed with the Securities and Exchange Commission on January 14, 2026, which descriptions are incorporated herein by reference.
There are no family relationships between Mr. Norwood and the Company or any director, executive officer or person nominated or chosen by the Company to become a director or executive officer. The Company is not aware of any related party transactions or relationships between Mr. Norwood and the Company that would require disclosure under Item 404(a) of Regulation S-K.
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Item 7.01Regulation FD Disclosure.
On May 1, 2026, the Company issued a press release relating to the election described above, which press release is attached hereto and incorporated herein by reference as Exhibit 99.1.
The information disclosed in this Item 7.01 and Exhibit 99.1 is not filed for purposes of the Securities Exchange Act of 1934 and is not deemed incorporated by reference by any general statements incorporating by reference this report or future filings into any filings under the Securities Act of 1933 or the Securities Exchange Act of 1934, except to the extent the Company specifically incorporates the information by reference.
Item 9.01Financial Statements and Exhibits.
(d)Exhibits
Number | Description of Exhibit |
99.1 | Press Release (furnished herewith) |
104 | Cover Page Interactive Data File (the cover page XBRL tags are imbedded in the Inline XBRL document) |
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Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
DEERE & COMPANY | ||
Dated: May 1, 2026 | By: | /s/ Kellye L. Walker |
Kellye L. Walker | ||
Corporate Secretary | ||
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Exhibit 99.1
News Release |
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Deere & Company Board Elects Brent Norwood as
Chief Financial Officer
MOLINE, Ill. (May 1, 2026) — Deere & Company (NYSE: DE) announced today that its Board of Directors has elected Brent Norwood, 44, as senior vice president and chief financial officer, effective May 1. Norwood’s appointment follows an internal and external search and a rigorous vetting process.
“Brent is a proven leader with deep financial expertise, strong strategic judgment, and a disciplined approach to capital allocation,” said John C. May, chairman and chief executive officer of Deere & Company. “His experience and perspective will be critical as we execute our strategy and deliver long-term value for our shareholders.”
Norwood has more than 20 years of experience at Deere and in the financial industry. Since 2023, he has served as vice president and finance director for the company’s Construction and Forestry division and John Deere Power Systems, with responsibility for financial planning and analysis, forecasting, capital budgeting, and strategic investments. He joined Deere as a program manager and later held roles in global marketing operations, corporate business development, and investor relations.
During his tenure, Norwood played an integral role in Deere’s acquisitions of Wirtgen and Blue River Technology and later helped shape the early foundations of the company’s Smart Industrial strategy and Leap Ambitions—goals designed to drive economic value and sustainability for customers. He was also recognized by Institutional Investor as the top investor relations professional and for the top investor relations program in the machinery sector.
Prior to joining Deere, Norwood worked in the investment industry, with experience spanning capital markets, equity research, and principal investing related to mergers and acquisitions, leveraged buyouts, and capital projects.
About Deere & Company
It doesn't matter if you've never driven a tractor, mowed a lawn, or operated a dozer. With John Deere's role in helping produce food, fiber, fuel, and infrastructure, we work for every single person on the planet. It all started nearly 200 years ago with a steel plow. Today, John Deere drives innovation in agriculture, construction, forestry, turf, power systems, and more.
For more information on Deere & Company, visit us at www.deere.com/en/news/.
Contact:
Jen Hartmann
Director, Public Relations
PublicRelations@JohnDeere.com