“We are pleased that Ted has accepted the invitation to join our Board
of Directors,” said David Meyer, Titan Machinery’s Board Chair and CEO.
“Ted has enjoyed a distinguished career in the field of agriculture,
including 18 years at Monsanto, during which he pioneered the
development and implementation of Monsanto’s precision agriculture
programs for farmers, among many other accomplishments. We believe that
we will benefit from Ted’s tremendous expertise in agricultural sciences
and a deep knowledge of our core customer base in the Upper Midwest and
look forward to his contributions to Titan Machinery.”
“Titan Machinery has a longstanding history of providing a premier
selection of equipment and superior services to agriculture and
construction customers, and I am pleased to be appointed to the
Company’s Board of Directors,” said Dr. Crosbie. “I look forward to
applying my experience and providing my insight to Titan Machinery.”
Dr. Crosbie recently retired from Monsanto Company in March 2014, after
serving the company in senior leadership positions since 1996. Most
recently, Dr. Crosbie served as Vice President and the executive leader
of Monsanto’s Integrated Farming Systems platform (2010 - 2014). In this
role, he pioneered the effort to develop and implement Monsanto’s
agronomic solutions and precision agriculture programs for farmers. From
1999 to 2010, he served as Vice President of Global Plant Breeding of
the Monsanto Agricultural Sector, where he was responsible for seven
crops worldwide. He also served as Director of Monsanto’s Business Seeds
Team (1997 - 1999), and as Director of Global Wheat Breeding (1996).
From 1990 to 1995, Dr. Crosbie was the President and Chief Executive
Officer of ICI Seeds, USA. Prior to 1990, Dr. Crosbie held various
corporate and academic positions in the plant breeding, biotechnology,
and agronomy fields.
In addition, Dr. Crosbie has held numerous public service positions.
Currently, Dr. Crosbie serves as the Chief Technology Officer for the
State of Iowa, a position he has held since 2005. In 2013, Dr. Crosbie
was recognized by Governor Terry Branstad of Iowa and the Iowa
Innovation Corporation with a Lifetime Achievement Award for his
contributions to the economic development in the state of Iowa.
Dr. Crosbie earned a B.S. in Agricultural Education in 1973, an M.S. in
Plant Breeding and Cytogenetics in 1976 and his Ph.D. in Plant Breeding
and Cytogenetics in 1978, all from Iowa State University.
About Titan Machinery Inc.
Titan Machinery Inc., founded in 1980 and headquartered in West Fargo,
North Dakota, is a multi-unit business with mature locations and
newly-acquired locations. The Company owns and operates a network of
full service agricultural and construction equipment stores in the
United States and Europe. The Titan Machinery network consists of 96
North American dealerships in North Dakota, South Dakota, Iowa,
Minnesota, Montana, Nebraska, Wyoming, Wisconsin, Colorado, Arizona, and
New Mexico, including three outlet stores, and 16 European dealerships
in Romania, Bulgaria, Serbia, and Ukraine. The Titan Machinery
dealerships represent one or more of the CNH Industrial Brands (CNHI),
including CaseIH, New Holland Agriculture, Case Construction, New
Holland Construction, and CNH Capital. Additional information about
Titan Machinery Inc. can be found at www.titanmachinery.com.
Source: Titan Machinery Inc.
Investor Relations Contact:
ICR, Inc.
John Mills,
310-954-1105
Partner
jmills@icrinc.com