CNH Industrial declares administration adjustments for brand spanking new On-Freeway enterprise

London, July 5, 2021

Forward of the beforehand introduced spin-off of its On-Freeway enterprise and the designation of Gerrit Marx because the Chief Government Officer, CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) declares the primary Newco senior management staff appointments for Operations and Powertrain.

Efficient October 1, 2021, Annalisa Stupenengo will assume world duty for Operations, immediately overseeing all actions associated to manufacturing, high quality, logistics and buying of the brand new On-Freeway enterprise. Stupenengo has intensive worldwide expertise gained by way of roles of accelerating duty inside CNH Industrial and Fiat Chrysler Vehicles (now Stellantis). She presently serves as President Powertrain, overseeing all Powertrain enterprise actions and the FPT Industrial model inside CNH Industrial.

“On behalf of the Board of Administrators of CNH Industrial, I want to thank Annalisa for her time as a member of the Senior Management staff and for 5 years of efficiently main our world powertrain operations, attaining distinctive outcomes and milestones. We want her the very best on this new function and are desperate to comply with her subsequent accomplishments,” mentioned Suzanne Heywood, Chair of CNH Industrial.

“I’m delighted that Annalisa has accepted a brand new problem inside the On-Freeway group. Her sturdy management and in-depth data of our companies will show basic in managing our core industrial operations. I sit up for working carefully together with her as we embark on this new journey, post-spin from CNH Industrial,” commented Gerrit Marx, designated Chief Government Officer of the brand new On-Freeway enterprise.

“I’ll at all times bear in mind my time on the helm of the Powertrain enterprise. I particularly wish to thank the staff that I had the privilege to steer, for his or her ardour and dedication beneath my steerage to drive FPT Industrial’s world enterprise and pioneering function in progressive applied sciences. Now, I’m excited in regards to the alternative to contribute to creating a superb future for the brand new On-Freeway enterprise and am desperate to step as much as the next problem on this new function,” added Annalisa Stupenengo.

Sylvain Blaise will assume duty for the Powertrain Enterprise Unit inside the Newco. Blaise has some 20 years’ expertise inside the Group having labored in assorted companies, together with Agriculture, throughout completely different geographies in Europe and North America. He was appointed IVECO BUS Model President in 2014 and Head of all the Bus Enterprise Unit in 2019, efficiently re-positioning the Model and driving the disruptive trade transformation that’s underway.

“The fervour and drive that Sylvain put into the rising success of the Bus Enterprise Unit will serve us effectively within the new function, guaranteeing that FPT Industrial will proceed to efficiently overcome the long run challenges within the powertrain house,” added Gerrit Marx.

CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) is a worldwide chief within the capital items sector with established industrial expertise, a variety of merchandise and a worldwide presence. Every of the person manufacturers belonging to the Firm is a significant worldwide pressure in its particular industrial sector: Case IH, New Holland Agriculture and Steyr for tractors and agricultural equipment; Case and New Holland Development for earth shifting tools; Iveco for business autos; Iveco Bus and Heuliez Bus for buses and coaches; Iveco Astra for quarry and building autos; Magirus for firefighting autos; Iveco Defence Automobiles for defence and civil safety; and FPT Industrial for engines and transmissions. Extra data could be discovered on the company web site: www.cnhindustrial.com

Contacts:

Company Communications

E-mail: mediarelations@cnhind.com

Investor Relations

E-mail: investor.relations@cnhind.com

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