Form 8-K · Current Report · Filed 2024-04-22
CNH Announces Leadership Transition with New CEO Appointment
CNH Industrial N.V. announced on April 20, 2024, the resignation of Scott W. Wine as Chief Executive Officer and Executive Director, effective July 1, 2024. The Board appointed Gerrit Marx as his successor, who returns to CNH from Iveco Group. Mr. Wine will receive a cash severance of $1.7 million over 12 months, continued vesting of equity awards, and other benefits as per the Senior Leadership Team Employment Agreement. A press release announcing the changes was issued on April 21, 2024.
- Filer
- CNH Industrial N.V. CNH · NYSE
- Filed
- Accession
- 0001193125-24-103821
- CIK
- 0001567094
- Signal
- High impactIndustrials
- Source
- Official filing on sec.gov ↗
Items reported
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Regulation FD Disclosure
Financial Statements and Exhibits
Market reaction
Close before filing
$12.31
Next session
-5.9%
Since filing
+10.9%
Latest close
$13.65
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from CNH reporting the same item, with the next session's move:
Exhibits (2)
About CNH Industrial N.V.
CNH Industrial N.V. is a global leader in the capital goods sector, engaged in the design, production, and sale of agricultural and construction equipment, commercial vehicles, and powertrains. As a prominent manufacturer, CNH Industrial operates through various well-known brands like Case IH, New Holland Agriculture, and Iveco. These brands enable the company to address diverse market needs across farming, construction, and industrial sectors. CNH Industrial's offerings support vital industries by providing machinery and equipment essential for efficient operations, thus playing a crucial role in bolstering productivity in these fields. Additionally, the company is involved in the development of advanced technologies to enhance machine efficiency and sustainability. Headquartered in Amsterdam, Netherlands, CNH Industrial maintains a strong global presence with operations spanning multiple continents, underscoring its significant influence in shaping industrial and agricultural machinery markets.
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