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Agnellis' CNH Taps Iveco's Gerrit Marx as New Chief Executive [Financial Post (Toronto, Ontario, Canada)]

CNH Industrial N.V. Common Shares (CNHI) 
Last cnh industrial n.v. common shares earnings: 2/7 08:00 am Check Earnings Report
Company Research Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — CNH Industrial NV, the tractor and construction machinery maker controlled by Italy's billionaire Agnelli family, appointed Gerrit Marx its new chief executive officer. Marx is currently CEO of Iveco Group NV, which was spun off from CNH in 2022. He will rejoin CNH starting on July 1, according to statements from the companies. He replaces Scott Wine, who is stepping down at the end of the company's current three-year business plan cycle to pursue other interests. Olof Persson, a current Iveco independent director, will become the company's new CEO. Article content Article content The departure of Marx from Iveco comes after he last month announced a reorganization of the business into five separate units, a move aimed at unlocking the value of the company's brands while improving transparency. Iveco, which stands for Industrial Vehicles Corpora Show less Read more
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