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2006 News Releases and Information
DEERE ANNOUNCES CHANGES TO SENIOR MANAGEMENT TEAM

MOLINE, IL (January 5, 2006) — Deere & Company today announced the appointment of two new senior officers and new assignments for three members of its senior management team. The company said the actions will further develop the experience of its global leadership group.

"These assignments will add to the extensive expertise of our senior managers and enhance our capability to grow a great business," said Robert W. Lane, chairman and chief executive officer.

The two new senior officer assignments include:

James A. Israel is appointed President, John Deere Credit. He has been vice president for marketing and product support for John Deere agricultural equipment in Europe, Africa and the Middle East and has been with Deere since 1979.

Michael J. Mack, Jr. is appointed Senior Vice President and Chief Financial Officer. He has most recently served as vice president and treasurer and has been with Deere since 1986.

The new assignments for three current senior officers include:

David C. Everitt is appointed President, Agricultural Division – North America, Australia, Asia and Global Tractor and Implement Sourcing. He has been president of Deere's agricultural operations in Europe, Africa and the Middle East. He started with the company in 1975.

Nathan J. Jones is appointed President, Worldwide Commercial & Consumer Equipment Division. He has served Deere as Chief Financial Officer for eight years and has been with Deere since 1978.

H.J. Markley is appointed President, Agricultural Equipment Division – Europe, Africa, South America and Global Harvesting Equipment Sourcing. He has been president of Deere's agricultural operations in North America, Australia and Asia. He joined Deere in 1974.

These new senior management assignments are made following the planned retirements of two members of Deere's management team. John J. Jenkins will retire from his position as President, Worldwide Commercial & Consumer Equipment Division. He started with Deere in 1967. Jon D. Volkert will retire from his position as President, John Deere Credit. He joined the company in 1994.

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