Robert W. Lane

Last updated
Robert W Lane
Bob Lane at John Deere Harvester Works (cropped).jpg
Lane in 2002
Born (1949-11-14) November 14, 1949 (age 74)
Washington, D.C., U.S.
Alma mater Wheaton College
University of Chicago [1]
OccupationFormer CEO of Deere & Company
Political party Democratic Party
Spouse Patricia [1]

Robert W. Lane (born November 14, 1949), served as chief executive officer of Deere & Company from 2000 to 2009 and retired as the chairman of the board in February 2010. He served on several boards including: The Northern Trust Company, General Electric Company, BMW AG and Verizon Communications. He was ranked 10th by Forbes Magazine’s Top CEOs based on compensation in 2009. [2] [3]

Contents

Early life and career

Lane was born in Washington, D.C. in 1949. He graduated with high honors from Wheaton College in Illinois in the year 1972, and he went on to receive a Master of Business Administration degree from the University of Chicago Graduate School of Business in 1974. Lane joined First National Bank of Chicago after his MBA. He served in the capacity of Vice President when he quit the job in 1982. [4] [5]

Board memberships

Lane served on several boards before retiring for health reasons:

Deere & Company

Lane came to Deere & Company in 1982 from a commercial banking career with First National Bank of Chicago. On his first assignment at Deere, Lane was responsible for managing U.S. government and national account sales. In 1992, he joined the Worldwide Agricultural Equipment division as senior vice president where he directed equipment operations in Latin America, Australia, East Asia and South Africa. [1] [5]

Lane became Chief Financial Officer of Deere in 1996, and two years later moved to Germany as Managing director where he led Deere’s agricultural equipment operations in Europe, Africa, the Middle East, India and the nations of the former Soviet Union. He returned to the United States as president of the Worldwide Agricultural Equipment Division in 1999; subsequently he was elected Deere & Company’s President and Chief Operating Officer. In June 2000 Lane was named president and CEO of Deere & Company, and he was elected chairman of the board the following August. [1] [5] [14] He was also a trustee for the “committee for economic development”.[ citation needed ]

During his tenure the revenues of the company doubled its net income to more than $2 billion. [15]

Awards

Related Research Articles

<span class="mw-page-title-main">John Deere</span> American agricultural and industrial auto manufacturing corporation

Deere & Company, doing business as John Deere, is an American corporation that manufactures agricultural machinery, heavy equipment, forestry machinery, diesel engines, drivetrains used in heavy equipment, and lawn care equipment. It also provides financial services and other related activities.

<span class="mw-page-title-main">David M. Cote</span> American businessman (born 1952)

David M. Cote is an American businessman. Cote previously worked for General Electric and TRW Inc. before he was appointed chairman and chief executive officer (CEO) of Honeywell in 2002, following their acquisition by AlliedSignal. Cote also sat on the JP Morgan Chase risk committee during the period in which the firm lost $6 billion trading credit derivatives. Cote stepped down as CEO at Honeywell at the end of March 2017 and was succeeded by Darius Adamczyk. Cote is currently the executive chairman of Vertiv.

<span class="mw-page-title-main">Jeff Immelt</span> American businessman

Jeffrey Robert Immelt is an American manufacturing executive working as a venture partner at New Enterprise Associates. He previously was the CEO of General Electric from 2001 to 2017, and the CEO of GE's Medical Systems division from 1997 to 2000. Immelt's tenure saw GE's largest divestments in the company's history, as the company sold almost two-thirds of its subsidiaries and assets.

<span class="mw-page-title-main">GE HealthCare</span> American multinational medical technology company

GE HealthCare Technologies, Inc. is an American multinational medical technology company headquartered in Chicago, Illinois. It was spun-off from General Electric on January 4, 2023, with GE retaining 6.7%. As of 2017, it is a manufacturer and distributor of diagnostic imaging agents and radiopharmaceuticals for imaging modalities used in medical imaging procedures. It offers dyes used in magnetic-resonance-imaging procedures; manufactures medical diagnostic equipment, including CT image machines; MRI, X-ray; ultrasound; cath labs; mammogram; Nuclear Medicine Cameras; and develops health technology for medical imaging and information technologies, medical diagnostics, patient monitoring systems, disease research, drug discovery, and biopharmaceutical manufacturing. It was incorporated in 1994 and operates in more than 100 countries.

Dennis F. Strigl is an American corporate executive. He is the retired president, chief executive officer, and chief operating officer of Verizon Wireless, responsible for operations at Verizon Telecom, Verizon Wireless and Verizon Business. He was appointed on January 1, 2007, and worked for Verizon for about three years until his retirement on December 31, 2009.

James Alan Skinner is an American business executive. He was the executive chairman of Walgreens Boots Alliance. He was the vice chairman and CEO of McDonald's Corporation.

<span class="mw-page-title-main">David Farr (businessman)</span> American business executive

David Nelson Farr is an American business executive. He was the chairman and CEO of Emerson Electric Company, a Fortune 500 company. Farr has worked at the company since 1981 and retired as CEO on Feb 5, 2021. He is married to Lelia Far, with whom he has two children, and is a resident of Ladue, Missouri.

Gregory David Wasson is an American businessman. He is the co-founder and president of Wasson Enterprise, a family-based investment office, the executive chairman of Innventure, co-founder of CoolerScreens, and the former president and chief executive officer (CEO) of Walgreens Boots Alliance (NASDAQ:WBA).

Scott C. Donnelly is the CEO of Textron. Before joining Textron, Donnelly was the CEO for General Electric Aviation, a producer of jet engines for commercial and military aircraft. Donnelly also served as the Senior Vice President of General Electric Global Research, one of the world's largest industrial research organizations and held various management positions since joining General Electric in 1989.

James Reid-Anderson is a British businessman who was formerly the president, chairman, and chief executive officer (CEO) of Six Flags Entertainment Corporation. Before working for Six Flags, Anderson was previously a healthcare adviser to both Apollo and the managing board of Siemens AG. Under Reid-Anderson, Dade Behring was acquired by Siemens.

<span class="mw-page-title-main">Larry Weber</span>

Larry Weber is an American entrepreneur and the founder, chairman & CEO of Racepoint Global, a communications agency headquartered in Boston, MA. He has served as CEO of both mid-and large-scale companies, and has founded several other public relations and interactive marketing agencies including The Weber Group, ThunderHouse and W2. His clients have included AT&T, Boston Scientific, Coca-Cola, Deere, General Electric, General Motors, IBM, Kaiser Permanente, Lotus, Microsoft, Panasonic, SAP, and Verizon Wireless.

<span class="mw-page-title-main">Hans Vestberg</span> Swedish business executive

Hans Vestberg is a Swedish businessman and CEO of Verizon Communications, where he has worked as executive vice president of the company's network and technology team, and as chief technology officer. Vestberg was previously the CEO of telecommunications company Ericsson, president of the Swedish Olympic Committee, and chairman of the Swedish Handball Federation.

<span class="mw-page-title-main">Doug Oberhelman</span> American businessman (born 1953)

Douglas R. Oberhelman is an American businessman. He is the former CEO and Executive Chairman of Caterpillar Inc. in Peoria, Illinois.

<span class="mw-page-title-main">Ixia (company)</span> US computer networking company

Ixia was a public computer networking company operating in around 25 countries until its acquisition by Keysight Technologies Inc. in 2017. Ixia was headquartered in Calabasas, California and had approximately 1,750 employees.

<span class="mw-page-title-main">Rochelle Lazarus</span>

Rochelle "Shelly" Lazarus is the Chairman Emerita of Ogilvy & Mather.

<span class="mw-page-title-main">James McNerney</span> American businessman (born 1949)

Walter James "Jim" McNerney Jr. is a business executive who was President and CEO of The Boeing Company from June 2005 to July 2015. McNerney was also Chairman from June 2005 until March 1, 2016. McNerney oversaw development of the Boeing 737 MAX.

<span class="mw-page-title-main">Michael Suess</span> German manager (born 1963)

Michael Suess is a German manager. He currently serves as Executive Chairman of OC Oerlikon, a global technology Group listed on the SIX Swiss Exchange, and as First Deputy Chairman of the supervisory board of the Austrian electricity company, Verbund AG. From 2015 to 2016, he held the position as CEO of the GMH Group.

Samuel R. Allen is an American businessman. He was the chairman and chief executive officer of John Deere, and the chairman of the U.S. Council on Competitiveness.

<span class="mw-page-title-main">John L. Flannery</span> American business executive

John L. Flannery is an American business executive. He succeeded Jeff Immelt as the eleventh CEO and tenth chairman of General Electric, and was CEO from August 2017 until October 2018. Prior to ascending to the CEO role, Flannery held leadership roles inside GE for nearly 30 years, heading GE Healthcare, GE India and other business units.

<span class="mw-page-title-main">Oliver Zipse</span> German manager (born 1964)

Oliver Zipse is a German business executive who has been the chairman of the board of management (CEO) of BMW since 16 August 2019.

References

  1. 1 2 3 4 "John Deere US | Products & Services Information".
  2. ↑ "#10 Robert W Lane". Forbes. 22 April 2009.
  3. ↑ "Forbes profile". Forbes. Archived from the original on March 10, 2009.
  4. 1 2 "The Page You Are Looking for Cannot be Found". Archived from the original on 2010-05-28.
  5. 1 2 3 "Robert W. Lane 1949— Biography - Rising through the ranks at deere".
  6. ↑ "Bayerische Motoren Werke AG (BYMOF.PK)". U.S. Retrieved 2018-03-26.
  7. ↑ "BMW Group reports eighth successive record year despite high upfront expenditure - Automotive World". www.automotiveworld.com. 8 March 2018. Retrieved 2018-03-26.
  8. ↑ "GE Announces Retirement of Robert Lane From Board of Directors". GE Newsroom. 2017-10-09. Retrieved 2018-03-26.
  9. ↑ Keitz, Anders (2018-02-26). "General Electric Announces Board Slate, Introduces Three Director Candidates". TheStreet. Retrieved 2018-03-26.
  10. ↑ "NOTICE OF ANNUAL MEETING OF STOCKHOLDERS" (PDF). Northern Trust. April 15, 2014.
  11. ↑ "Notice and Proxy Statement". www.sec.gov. Retrieved 2018-03-26.
  12. ↑ "Deere & Co. Chairman and CEO Robert Lane to Join Verizon Board of Directors". www.verizon.com. 2004-01-22. Retrieved 2018-03-26.
  13. ↑ "Verizon CEO resigns from GE board". www.bizjournals.com. Retrieved 2018-03-26.
  14. ↑ "Deere Promotes President to Chief Executive". The New York Times. 2 June 2000.
  15. ↑ "BUSINESS SYMPOSIUM AT WINDSOR PARK TO FOCUS ON "CORPORATIONS, CAPITALISM AND CHRISTIANITY"". chicagotribune.com. Retrieved 2018-03-26.
  16. ↑ "Bridge Award Profiles: Robert W. Lane - Chicago United".
  17. ↑ "Laureates by Year - The Lincoln Academy of Illinois". The Lincoln Academy of Illinois. Retrieved 2016-03-04.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.