Cervus Equipment Corp. Board of Directors has announce that Angela Lekatsas will succeed Graham Drake as president and Chief Executive Officer of the company upon his planned retirement on May 15, 2019.
Cervus achieved record third quarter equipment sales in our Agriculture segment, increasing 9% compared to the third quarter of 2017, while equipment gross profit margins contracted.
Canadian dealer groups Rocky Mountain Dealerships and Cervus Equipment Corp. reported their second quarter financial results on Aug. 9 and 10, respectively.
Both of Canada’s two publicly held farm equipment dealership groups posted their earnings since the beginning of the month: Rocky Mountain Dealerships (RME) on May 2 and Cervus Equipment (CVL) on May 11.
For farm equipment dealers, planning for agriculture's business cycles must involve close contact with customers. In addition to observing economic indicators over a period of time, it's essential for dealers to put the data into context with history and customer input, says Graham Drake, president and CEO of Cervus Equipment Co.
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The announcement of a partnership between New Holland and Bluewhite was one of the big precision stories of the summer. West Coast New Holland dealers now have the rights to sell, distribute and service Bluewhite’s aftermarket autonomy kits.