CNH Industrial unveils the new organizational structure of its

  • Company vision: Sustainably advancing the noble work of global agriculture and construction workers
  • Newoptimized organizational structure will be drive efficiency, agility and responsibility
  • Structure andnhancare customer and target orientations digital and technology direction

London, November 2, 2021

CNH Industrial NV (NYSE: CNHI / MI: CNHI) announces a new strategic structure as part of the company’s transition to a leading organization in the agriculture and construction sectors following the spin-off from the Iveco Group .

This organization aims to achieve key strategic objectives, all of which respond to the vision of CNH Industrial: Sustainably advancing the noble work of global agriculture and construction workers.

“We are implementing a new organizational structure and strengthening our management team to focus more on customers and dealers, improve productivity and accelerate profitable growth,” said Scott Wine, CEO of CNH Industrial. . “This new structure promotes agility, eliminates unnecessary bureaucracy and fosters clear accountability as we execute on our strategic priorities and create value for our stakeholders.”

A new organizational model

CNH Industrial is committed to providing the highest ethical standards and supporting its dealers and customers through a diverse and inclusive workforce, advanced technology, exceptional safety and quality, and unparalleled innovation.

This structure adopts a lean and agile business approach and defines clear accountability. It includes the complete list of appointments within the management team (SLT).

The CEO oversees three Global Business units (GBU), whose mission is to develop their activities profitably and sustainably:

Agriculture Construction Financial services
Derek Neilson, President Stefano Pampalone, President Oddone Incisa, President

The following areas, reporting to the CEO, are integrated into the GBUs, driving strategic growth by quickly identifying, building and deploying relevant solutions:

Corporate regions
North America – Brad Crews, President
Europe, Middle East and Africa – Carlo Alberto Sisto, President
Latin America – Vilmar Fistarol, President
Asia-Pacific – Chun Woytera, President

Business functions
Digital & Precision – Parag Garg, Chief Digital Officer
Technology and Quality – Jay Iyengar, Director of Technology and Quality
Supply Chain – Tom Verbaeten, Director of Supply Chain
CNH Industrial Trading System1 – Scott Moran, Commercial System Manager, CNH Industrial

Support functions
Finance – Oddone Incisa, Chief Financial Officer
Human Resources – Kevin Barr, Director of Human Resources
IT – Marc Kermisch, Chief Information Officer
Legal and Compliance – Roberto Russo, Legal and Compliance Director

Operating globally in direct support of the CEO and the effective execution of GBUs and corporate regions are as follows Company staff functions:

Diversity and Inclusion, Sustainability and Transformation – Kelly Tolbert, Head of Diversity and Inclusion, Sustainability and Transformation
Corporate Development – Michele Lombardi, Senior Vice President of Corporate Development
Internal Audit – Carlo De Bernardi, Senior Vice President of Internal Audit
Communications – Laura Overall, Senior Vice President of Communications

“Our new, streamlined structure will drive better results by empowering front-line managers, accelerating decision-making across our organization, and holding us accountable to our customers,” Wine said. “I would like to congratulate the entire SLT team on their nominations and thank them for their strong leadership. Their deep knowledge and diverse experience qualify them as a core group to drive us forward. With their guidance and our customer-centric mindset and structure, we are well positioned to compete and win in our vast global agricultural and construction equipment markets.

CNH Industrial NV (NYSE: CNHI / MI: CNHI) is a global leader in the capital goods industry with established industry experience, broad product range and global presence. Each of the brands owned by the Company is a major international force in its specific industry sector: Case IH, New Holland Agriculture and Steyr for tractors and agricultural machines; Case and New Holland Construction for earthmoving machinery; Iveco for utility vehicles; Iveco Bus and Heuliez Buses for buses and coaches; Iveco Astra for quarry and construction vehicles; Magirus for firefighting vehicles; Iveco defense vehicles for defense and civil protection; and FPT Industrial for engines and transmissions. More information can be found on the company’s website: www.cnhindustrial.com

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VScontacts:

Business communication

E-mail: mediarelations@cnhind.com

Investor Relations

E-mail: Investor.relations@cnhind.com


1 This new function within the company was implemented in July 2021. Iit’s a full business-wide program that promotes continuous improvement in all facets of the organization.

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