Leadership change at Tigercat
Tigercat founder Ken MacDonald takes on the role of president, Tigercat Industries. Grant Somerville has stepped away from his role as president of Tigercat Industries. The timing is related to Grant’s original intention to serve as president for a five-year term when he took on the role in 2017. Tigercat founder, Ken MacDonald has assumed the role of president. Source
Ponsse changes performance guidance for 2022
The company’s euro-denominated operating result in 2022 is expected to be on a par with the comparable operating result of its continuing operations in 2021 (EUR 50.0 million, 8.2 per cent of net sales). The company’s relative profitability is expected to decrease significantly, however, due to divesting its Russian business, difficulties in the availability of parts and components, and heavy inflation. Source
John Deere unveils G-Tier compact wheel loader models
John Deere is building upon its line-up of compact equipment by expanding its performance tiering strategy with three new models of Compact Wheel Loaders. The new G-tier models, including the new 184 G-tier, and the 204 G-tier and 304 G-tier machines, were designed for customers in need of a dependable machine to complete everyday tasks. Source