William Butterworth (businessman) explained

William Butterworth (December 18, 1864 - June 1, 1936) served as both president and chairman of Deere & Company.

Biography

Butterworth was born in Maineville, Ohio, to Congressman Benjamin Butterworth, and graduated from Lehigh University and studied law at the National University School of Law in Washington D.C.[1]

In 1892 Butterworth married Katherine Deere, daughter of Charles Deere (and granddaughter of John Deere). She was the niece of architect Merton Yale Cady. He joined Deere & Company the same year as an assistant buyer. In 1897 he was elected treasurer, and became president after the death of Charles Deere in 1907.

Deere & Company underwent many changes during Butterworth's tenure. In 1910 the board of directors reorganized the company's factories into one unified entity, giving birth to the modern Deere & Company. In 1912 Deere began manufacturing combine harvesters. In 1918 the company purchased Waterloo Gasoline Engine Company and the rights to produce their tractors. Butterworth also implemented a pension system and a benefit and disability program for Deere & Company's employees.[2]

Butterworth retired in 1928 and became the first Chairman of Deere & Company's board, a position he held until his death in 1936.[3]

Notes and References

  1. https://publiclibrary.cc/digitalcollections/files/original/12/13637/The-Butterworth-Family-of-Maryland-and-Virginia.pdf The Butterworth Family of Maryland and Virginia
  2. Web site: William Butterworth . 2010-11-23. .
  3. News: W. Butterworth Dies . https://web.archive.org/web/20121104125107/http://pqasb.pqarchiver.com/chicagotribune/access/460054952.html?dids=460054952:460054952&FMT=CITE&FMTS=CITE:AI&date=Jun+01,+1936&author=&pub=Chicago+Tribune&desc=W.+BUTTERWORTH+DIES%3B+CHAIRMAN+OF+DEERE+&+CO.&pqatl=googl. dead. November 4, 2012. . June 1, 1936 . 2010-11-23 .