CNH Industrial names Gerrit Marx CEO effective July 1 as Scott Wine departs

CNH Industrial N.V.

CEO Scott Wine resigns effective July 1, 2024; replaced by Gerrit Marx, returning from Iveco Group.
Wine is entitled to $1.7M cash severance over 12 months, continued equity vesting, and prorated 2024 bonus.
Marx previously served as CNH President (2019-2022) and CEO of Iveco Group since spin-off.
Investor Day scheduled for May 21, 2024 postponed; Q1 results call on May 2, 2024 to proceed as planned.
Under Wine, CNH delivered three straight years of record revenues and EBIT margins; returned >$3B to shareholders.

item 5.02 item 7.01 item 9.01

Executive movements

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Departed

Scott W. Wine

Chief Executive Officer

CNH · CNH Industrial N.V.

Effective: 2024-07-01
Successor: Gerrit Marx
Filed: April 22, 2024, 7:59 PM ET

On April 20, 2024, Scott W. Wine resigned as Chief Executive Officer and Executive Director of CNH Industrial N.V.

Appointed

Gerrit Marx

Chief Executive Officer

CNH · CNH Industrial N.V.

Effective: 2024-07-01
Filed: April 22, 2024, 7:59 PM ET

Upon Mr. Wine’s resignation, the Board of the Company has appointed Mr. Gerrit Marx as the Company’s Chief Executive Officer effective as of July 1, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Scott W. Wine resigned as Chief Executive Officer at CNH Industrial N.V..

Action: resigned
Role: Chief Executive Officer

Exact text from the filing

On April 20, 2024, Scott W. Wine resigned as Chief Executive Officer and Executive Director of CNH Industrial N.V.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Gerrit Marx was appointed as Chief Executive Officer at CNH Industrial N.V..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

Upon Mr. Wine’s resignation, the Board of the Company has appointed Mr. Gerrit Marx as the Company’s Chief Executive Officer effective as of July 1, 2024.

View on SEC.gov

CNH Industrial N.V. filing history →

Source: SEC EDGAR

accession 0001193125-24-103821

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