Derek Neilson, head of the Agricultural Segment at CNH, to step
down
Derek Neilson, head of the Agricultural
Segment at CNH, to step down
Basildon, May 30, 2024
CNH Industrial N.V. (NYSE:CNH) announces that it
has accepted Derek Neilson's request to leave the Company later
this year to pursue a new entrepreneurial project outside of the
sector, after 25 years of dedicated service.
During his career with CNH Derek has held a
range of leadership positions, making major contributions to
manufacturing, the former commercial vehicles division, the EMEA
region, also serving for a time as interim CEO. For the past six
years he has overseen the transformation of CNH’s agricultural
business and its accompanying record performance. Derek has
developed a strong team that will continue to place the needs of
our agricultural customers at the center of our business as we
continue the development of the next generation of digitally
enabled products.
Suzanne Heywood, Chair of CNH said, “On behalf
of the entire company, I would like to thank Derek for his years of
unstinting dedication to CNH. His commitment to the development of
outstanding, customer-focused products and his championing of
constant improvement have been critical to the success of our
continuing transformation. The entire CNH team wishes him every
success with his future plans.”
CNH Industrial (NYSE:CNH) is a
world-class equipment, technology and services company. Driven by
its purpose of Breaking New Ground, which centers on Innovation,
Sustainability and Productivity, the Company provides the strategic
direction, R&D capabilities, and investments that enable the
success of its global and regional Brands. Globally, Case
IH and New Holland supply 360°
agriculture applications from machines to implements and the
digital technologies that enhance them; and CASE
and New Holland Construction Equipment deliver a
full lineup of construction products that make the industry more
productive. The Company’s regionally focused Brands include:
STEYR, for agricultural tractors;
Raven, a leader in digital agriculture, precision
technology and the development of autonomous systems;
Hemisphere, a leading designer and manufacturer of
high-precision satellite-based positioning, and heading
technologies; Flexi-Coil, specializing in tillage
and seeding systems; Miller, manufacturing
application equipment; Kongskilde, providing
tillage, seeding and hay & forage implements; and
Eurocomach, producing a wide range of mini and
midi excavators for the construction sector, including electric
solutions.
Across a history spanning over two centuries,
CNH has always been a pioneer in its sectors and continues to
passionately innovate and drive customer efficiency and success. As
a truly global company, CNH’s 40,000+ employees form part of a
diverse and inclusive workplace, focused on empowering customers to
grow, and build, a better world.
For more information and the latest financial
and sustainability reports visit: cnh.com
For news from CNH and its Brands visit:
media.cnh.com Contacts:
Media RelationsEmail:
mediarelations@cnh.com
Investor RelationsEmail:
investor.relations@cnh.com
Forward-looking statements
All statements other than statements of
historical fact contained in this press release, including
competitive strengths; business strategy; future financial position
or operating results; budgets; projections with respect to revenue,
income, earnings (or loss) per share, capital expenditures,
dividends, liquidity, capital structure or other financial items;
costs; and plans and objectives of management regarding operations
and products, are forward-looking statements. Forward looking
statements also include statements regarding the future performance
of CNH Industrial and its subsidiaries on a standalone basis. These
statements may include terminology such as “may”, “will”, “expect”,
“could”, “should”, “intend”, “estimate”, “anticipate”, “believe”,
“outlook”, “continue”, “remain”, “on track”, “design”, “target”,
“objective”, “goal”, “forecast”, “projection”, “prospects”, “plan”,
or similar terminology. Forward-looking statements are not
guarantees of future performance. Rather, they are based on current
views and assumptions and involve known and unknown risks,
uncertainties and other factors, many of which are outside our
control and are difficult to predict. If any of these risks and
uncertainties materialize (or they occur with a degree of severity
that the Company is unable to predict) or other assumptions
underlying any of the forward-looking statements prove to be
incorrect, including any assumptions regarding strategic plans, the
actual results or developments may differ materially from any
future results or developments expressed or implied by the
forward-looking statements. Factors, risks and uncertainties that
could cause actual results to differ materially from those
contemplated by the forward-looking statements include, among
others: economic conditions in each of our markets, including the
significant uncertainty caused by geopolitical events; production
and supply chain disruptions, including industry capacity
constraints, material availability, and global logistics delays and
constraints; the many interrelated factors that affect consumer
confidence and worldwide demand for capital goods and capital
goods-related products; changes in government policies regarding
banking, monetary and fiscal policy; legislation, particularly
pertaining to capital goods-related issues such as agriculture, the
environment, debt relief and subsidy program policies, trade and
commerce and infrastructure development; government policies on
international trade and investment, including sanctions, import
quotas, capital controls and tariffs; volatility in international
trade caused by the imposition of tariffs, sanctions, embargoes,
and trade wars; actions of competitors in the various industries in
which we compete; development and use of new technologies and
technological difficulties; the interpretation of, or adoption of
new, compliance requirements with respect to engine emissions,
safety or other aspects of our products; labor relations; interest
rates and currency exchange rates; inflation and deflation; energy
prices; prices for agricultural commodities and material price
increases; housing starts and other construction activity; our
ability to obtain financing or to refinance existing debt; price
pressure on new and used equipment; the resolution of pending
litigation and investigations on a wide range of topics, including
dealer and supplier litigation, intellectual property rights
disputes, product warranty and defective product claims, and
emissions and/or fuel economy regulatory and contractual issues;
security breaches, cybersecurity attacks, technology failures, and
other disruptions to the information technology infrastructure of
CNH Industrial and its suppliers and dealers; security breaches
with respect to our products; our pension plans and other
post-employment obligations; political and civil unrest; volatility
and deterioration of capital and financial markets, including
pandemics (such as the COVID-19 pandemic), terrorist attacks in
Europe and elsewhere; the remediation of a material weakness; our
ability to realize the anticipated benefits from our business
initiatives as part of our strategic plan, including targeted
restructuring actions to optimize our cost structure and improve
the efficiency of our operations; our failure to realize, or a
delay in realizing, all of the anticipated benefits of our
acquisitions, joint ventures, strategic alliances or divestitures
and other similar risks and uncertainties, and our success in
managing the risks involved in the foregoing.
Forward-looking statements are based upon
assumptions relating to the factors described in this press
release, which are sometimes based upon estimates and data received
from third parties. Such estimates and data are often revised.
Actual results may differ materially from the forward-looking
statements as a result of a number of risks and uncertainties, many
of which are outside CNH’s control. CNH expressly disclaims any
intention or obligation to provide, update or revise any
forward-looking statements in this announcement to reflect any
change in expectations or any change in events, conditions or
circumstances on which these forward-looking statements are based.
Further information concerning CNH Industrial, including factors
that potentially could materially affect CNHs financial results, is
included in CNH’s reports and filings with the U.S. Securities and
Exchange Commission (“SEC”).
All future written and oral forward-looking
statements by CNH or persons acting on the behalf of CNH are
expressly qualified in their entirety by the cautionary statements
contained herein or referred to above.
- 20240530_PR_CNH_GLT_Announcement
Grafico Azioni CNH Industrial NV (BIT:1CNHI)
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Da Ott 2024 a Nov 2024
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