Deere & Company announces financial services succession

Deere & Company has announced changes to its senior leadership team following the retirement of James A. Israel, president of John Deere Financial, after 35 years with the company.

Israel joined Deere in 1979, becoming president of the global financial services business in 2006. During his tenure, the size of the company’s credit portfolio nearly doubled to approximately $40 billion and the number of countries in which financing services are offered increased from 17 to 45.

“Over the course of his career, Jim Israel has shown a keen business intellect, dedication and commitment to employees, and a passion for excellent customer service and business leadership,” said Samuel R. Allen, chairman and chief executive officer.

Israel is succeeded by Michael J. Mack, Jr. who becomes group president, John Deere Financial Services, global human resources and public affairs. He is currently president of Deere’s worldwide construction and forestry division, a position he has held since 2009. He previously served as Deere & Company’s treasurer and chief financial officer.