CNH Industrial N.V. Enters New Employment Agreement with Agriculture Chief Commercial Officer

Details

The agreement provides a base salary of 564,270 Swiss Francs (approximately $619,000) and a target bonus of 80% of his base salary, along with long-term incentive awards and employee benefits. The agreement also includes provisions for severance pay and equity vesting in the event of termination or a change of control. The agreement is subject to certain conditions, including the execution of a release of claims and compliance with restrictive covenants.

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Exhibits (1)

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.