Boeing Executive Leanne Caret Joins Deere Board of Directors

Rhea-AI Summary

On November 1, 2021, Deere & Company (NYSE: DE) announced the election of Leanne G. Caret to its board of directors. Caret, a seasoned manufacturing executive from The Boeing Company, brings over two decades of experience in aerospace and defense, making her a valuable addition. In 2020, Boeing generated approximately $35 billion in revenue from defense and space operations. Caret's diverse expertise is expected to enhance Deere's innovative strategies in smart industrial operations, further solidifying its leadership position. The board now consists of 12 members, with 11 being independent.

Positive

• Leanne Caret's extensive experience in aerospace and defense strengthens the board's expertise.
• Her background in innovative technologies is expected to benefit Deere's smart industrial operating model.

Negative

• Concerns may arise regarding continuity and integration of Caret's experience into Deere's existing strategies.

MOLINE, Ill., Nov. 1, 2021 /PRNewswire/ -- Deere & Company (NYSE: DE) today announced the election of Leanne G. Caret, a leading manufacturing executive, to the company's board of directors. She is an executive vice president of The Boeing Company and serves as president and chief executive officer of the Boeing Defense, Space, and Security business. In 2020, Boeing's revenue from defense and space platforms and services was about $35 billion.

"We are pleased to welcome a business leader of Leanne's caliber to the Deere board," said John C. May, chairman and chief executive officer. "She brings over two decades of executive experience in aerospace, defense, and security, adding to our diverse, talented group of directors. Her background in complex systems as well as innovative technologies, solutions, and services will be of particular value as we build on our leadership position through our smart industrial operating model."

Originally from Florida, Caret joined Boeing in the late 1980s. Prior to her present position, she was president of Boeing's global services and support division and chief financial officer of the defense, space, and security business.

Caret has been named to Fortune's list of Most Powerful Women on five occasions and is a member of the Women in Aviation Hall of Fame. She is also a fellow of the Royal Aeronautical Society and an associate fellow of the American Institute of Aeronautics and Astronautics.

Caret holds a bachelor's degree in business administration from Kansas State University and an MBA from Wichita State University. She earned certifications from executive leadership programs at Harvard University and the University of Notre Dame.

With her election, the Deere board will have 12 members, 11 of whom are independent, or non-employee, directors. 

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/boeing-executive-leanne-caret-joins-deere-board-of-directors-301412818.html

SOURCE Deere & Company

FAQ

What impact will Leanne Caret's election have on Deere's board?

Leanne Caret's election is expected to enhance the board's expertise in aerospace and defense, contributing to Deere's strategic initiatives.

When was Leanne Caret elected to the board of Deere & Company?

Leanne Caret was elected to the board on November 1, 2021.

What is Leanne Caret's professional background?

Leanne Caret is an executive vice president at Boeing, with extensive experience in aerospace, defense, and security.

How many members are on Deere's board after Caret's election?

After Leanne Caret's election, Deere's board now has 12 members, of which 11 are independent.