Deere names insider Rajesh Kalathur as CFO

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Kalathur, who was most recently the chief information officer at Deere, was previously a president at the company.

Campbell will now head Deere’s construction, forestry and power systems segment, taking over from John Stone, who will be joining security products provider Allegion (NYSE:ALLE) as its chief executive officer next month.

Deere missed Wall Street revenue targets in its latest quarterly results and flagged having difficulty securing parts for its heavy machinery.