Monarch Tractor today announced Dennis Muilenburg is joining its leadership team as an advisor and investor. The former Boeing executive and Caterpillar board member brings both aerospace experience and a farming background to support Monarch Tractor in global business growth and broadens the Monarch Tractor advisory committee, which currently has electrification, manufacturing and tech experience. Muilenburg spent his youth on a farm and remains a strong advocate for farming communities and agriculture technology.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201207005169/en/
Former Boeing CEO Dennis Muilenburg to advise Monarch Tractor (Photo: Business Wire)
“Growing up on a farm in Iowa, with a deep appreciation for the work of farmers, and after 35 years with the world’s largest aerospace company in a broad range of leadership positions, Monarch is at the perfect intersection of my experience paths,” said Dennis Muilenburg, investor and advisor, Monarch Tractor. “I’m thrilled to join the team and help make technology accessible to farmers globally, with a long-lasting positive impact on agriculture and the ensuing benefits to the world.”
Muilenburg joined The Boeing Company in 1985 as an engineering intern and served in a variety of engineering and management assignments with the company. He ultimately served as president from December 2013–December 2019, CEO from July 2015–December 2019, and chairman of the board from March 2016–October 2019. Additionally, Muilenburg served on the board of Caterpillar Inc. from 2011–2020, including the audit committee, with board responsibilities spanning all Caterpillar product lines.
“At Monarch Tractor, we are ushering in the digital transformation of farming with unprecedented intelligence, technology and safety features,” said Praveen Penmetsa, co-founder & CEO, Monarch Tractor. “Dennis Muilenburg’s supply chain operational acumen and broad business experience at a global scale is a unique and perfect fit for Monarch Tractor as we embark on our ambitious journey.”
For more information on Monarch Tractor, visit www.monarchtractor.com.
About Monarch Tractor
Monarch Tractor is working to utilize 21st-century technology to empower farmers by enabling profitable implementation of sustainable and organic practices. The Monarch tractor platform combines mechanization, automation, and data analysis to enhance farmer’s existing operations, alleviate labor shortages, and maximize yields. For more information, visit www.monarchtractor.com.
Donna Loughlin Michaels
LMGPR for Monarch Tractor