CNH President of Agriculture Derek Neilson to step down effective Sept 30, 2024

CNH Industrial N.V.

Derek Neilson resigns as President, Agriculture and all CNH group roles effective Sept 30, 2024.
Neilson leaves after 25 years to pursue an entrepreneurial project outside the sector.
Severance: £1,024,600 cash over 12 months plus pro rata equity vesting and health coverage.
Company stated strong team remains to continue agricultural transformation and customer focus.
Transition agreement dated May 30, 2024; no immediate replacement announced.

item 5.02 item 7.01 item 9.01

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Departed

Derek Neilson

President, Agriculture

CNH · CNH Industrial N.V.

Effective: 2024-09-30
Filed: May 31, 2024, 7:59 PM ET

On May 30, 2024, Derek Neilson resigned as President, Agriculture of CNH Industrial N.V. (“CNH”, or the “Company”), as well as from all other positions that he holds with the CNH group, effective as of September 30, 2024.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Derek Neilson resigned as President, Agriculture at CNH Industrial N.V..

Action: resigned
Role: President, Agriculture

Exact text from the filing

On May 30, 2024, Derek Neilson resigned as President, Agriculture of CNH Industrial N.V. (“CNH”, or the “Company”), as well as from all other positions that he holds with the CNH group, effective as of September 30, 2024.

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CNH Industrial N.V. filing history →

Source: SEC EDGAR

accession 0001193125-24-151142

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