CNH Industrial (CNHI) has issued an update.
Scott W. Wine will step down as CEO and Executive Director of CNH Industrial N.V. on July 1, 2024, with no conflicts cited as the reason for his departure. He’ll receive a severance package, including cash, continued equity vesting, and potential bonuses, as outlined in a Letter Agreement. Succeeding him is Gerrit Marx, an industry veteran with over 20 years of global experience across automotive and industrial segments, who has been appointed as the new CEO effective the same date, pending shareholder approval for his Board position.
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