Robert Hanson: Chairman and CEO 1982-1990
The first company president not related to John Deere.
Robert Hanson's distinguished career with Deere & Company spans over forty years. A native of East Moline, Illinois, and a graduate of Augustana College in nearby Rock Island, Illinois, he grew up in a community rich with John Deere tradition.
Hanson began his career with John Deere in 1950 at John Deere Intercontinental, Ltd. In 1973 he was elected senior vice president of Deere's Overseas Division. Two years later, William Hewitt appointed Hanson to the position of executive vice president, establishing Hanson as his probable successor.
In 1978, Hanson was appointed president of Deere & Company, becoming the first company president not related to John Deere. The following year he was named president and chief executive officer, and after William Hewitt's retirement in 1982, he was elected chairman and chief executive officer.
Hanson began his term as chairman at a low point in the agricultural machinery cycle. Severe recessions in the early 1980s followed a period of high inflation during the late 1970s, and reduced sales of agricultural and construction equipment.
Under Hanson's guidance, the company looked inward to reduce costs. By 1988, the company had weathered the economic challenges of the past six years and sales soared. Annual profit for the year exceeded $315 million.
Even during the downturn in the economy, Deere & Company continued to expand and diversify. In 1985, the company entered the health care market with the formation of
John Deere Health Care, Inc. Three years later, John Deere formed a joint venture to assemble excavators in the United States, and in 1989, the company acquired Funk Manufacturing, a maker of powertrain components.
Robert Hanson retired in 1990 after successfully guiding the company through one of its most difficult periods.
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