Vermeer names Andringa new President/CEO

September 2, 2014, Pella, Iowa – Vermeer Corporation
announced that third-generation family member, Jason Andringa, will serve as
the company’s next President & CEO effective Nov. 1, 2015.

On Nov. 1, 2014, Jason will assume the role of President
& Chief Operating Officer for one year, when he will transition to the role
of President & CEO of Vermeer Corporation. He currently serves as President
of Forage and Environmental Solutions.

“Gary Vermeer, my grandfather and Vermeer founder, was very
influential for me personally and professionally,” said Jason Andringa. “Since
a young age, I had a passion to follow in his footsteps. In the mid-90s, I
traveled on a business trip overseas with my mother, Mary, and saw firsthand
the global demand for Vermeer equipment and the impact it was making on local
communities across the world. That trip solidified my path to Vermeer. I am
honored to have the opportunity to lead Vermeer as a family-owned and operated,
global company into a prosperous future.”

Mary Andringa, current President & CEO, will assume the
role of CEO & Chair of the Board Nov. 1, 2014. Mary will transition
exclusively to Chair of the Board Nov. 1, 2015.

“I look forward to working closely with Jason this coming
year to prepare him for the transition to CEO in Nov. 2015,” said
second-generation family member Mary Andringa. “As an entire family, we are
proud to announce the third-generation leadership who we know with confidence
can propel us to new heights.”

Bob Vermeer, current Chairman of the Board, will assume the
role of Chair Emeritus. The honorary role for individuals who served as Vermeer
CEO or Chair of the Board will be effective Nov. 1, 2014.

“The Vermeer family and Board of Directors have worked
diligently for more than two decades to establish a robust and extensive family
employment policy and succession planning process,” said Bob Vermeer,
second-generation family member. “We are confident that Jason’s education and
experience have prepared him exceptionally to lead the company.”