Finance

Francesco Tanzi named Chief Monetary Officer of recent Iveco Group

CNH INDUSTRIAL N.V.

Francesco_Tanzi

Francesco_Tanzi

Francesco_Tanzi

London, September 14, 2021

CNH Industrial (NYSE: CNHI / MI: CNHI) publicizes an vital appointment to the longer term Senior Management Crew of Iveco Group, the Firm beforehand known as the “On-Freeway” enterprise of CNH Industrial, which is able to start impartial operations in early 2022.

Efficient January 1, 2022, Francesco Tanzi will be part of the Firm and can function Chief Monetary Officer of Iveco Group as soon as the spin-off is achieved. Mr. Tanzi is a seasoned skilled on the planet of company finance with management expertise in worldwide methods that generate dynamic monetary outcomes. He’s stepping down from his present function as Chief Monetary Officer on the multinational tire producer Pirelli & C. S.p.A., a place he has held for 12 years, to just accept this new function. Tanzi started his finance profession at Pirelli in 1989, rising via the ranks earlier than departing to function Finance Director at TIM Group, Italy’s largest telecommunications supplier, for eight years previous to rejoining Pirelli as their CFO.

“Constructing this new senior administration group for Iveco Group is an thrilling job as we work to kind the easiest group to make sure the success of our impartial group. We’re delighted to have discovered our CFO in Francesco Tanzi, whose expertise and experience will convey nice worth to our enterprise actions from the outset. I need to take this chance to thank Damiano Cretarola, who has been supporting me as Finance chief for the Business & Specialty Autos phase inside CNH Industrial and can proceed serving with a distinguished function in Francesco Tanzi’s group as soon as it’s fashioned,” stated Gerrit Marx, present President Business & Specialty Autos at CNH Industrial and designated Chief Government Officer of Iveco Group.

“On behalf of the Board of Administrators of CNH Industrial, we want to welcome Francesco Tanzi to the brand new Iveco Group group. Having overseen this spin-off from its inception and the design of the On-Freeway Senior Management Crew, now we have lengthy recognized the CFO function as one requiring a really particular and seasoned profile, and I’m sure now we have discovered it in Francesco Tanzi. Oddone Incisa, who will proceed serving as CFO for CNH Industrial, will guarantee a clean transition and guarantee that Francesco is ideally poised to embark on Iveco Group’s journey,” stated Suzanne Heywood, Chair of CNH Industrial.

CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) is a world 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 Building for earth shifting gear; Iveco for business autos; Iveco Bus and Heuliez Bus for buses and coaches; Iveco Astra for quarry and development autos; Magirus for firefighting autos; Iveco Defence Autos for defence and civil safety; and FPT Industrial for engines and transmissions. Extra data may 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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