Trimble announced on Nov. 1 during its third quarter fiscal 2023 earnings call that Chief Financial Officer David Barnes will retire from the company in May 2024. The company has named Phil Sawarynski, vice president of treasury, corporate development and co-lead of Trimble Ventures, its new CFO effective May 2024.
In an SEC filing on the same day, Trimble stated Darryl R. Matthews, current senior vice president of the company’s natural resources businesses was leaving "as a result of the Company’s previously announced joint venture with AGCO Corporation and contribution of the Company’s precision agriculture business, subject to certain exceptions, to the joint venture."
Trimble also stated in the SEC filing that its Chief Platform Officer Jennifer K. Lin, who oversees the Company’s cloud platform strategy was leaving the company at the end of the year. "Ms. Lin’s position and responsibilities will be reabsorbed by the Company’s business segments," the filing said. It did not state specifically if Lin's departure was also a result of the joint venture with AGCO.
For a deeper dive into the joint venture, check out the last segment of this episode of On The Record.
- AGCO Announces Joint Venture to Acquire Interest in Trimble Ag Assets, Tech
- AGCO & Trimble Collaborate on Ag Data Platform