CNH Industrial appoints Gerrit Marx to replace Scott Wine as CEO

CNH Industrial announced the appointment of Gerrit Marx to the role of CEO effective July 1. He succeeds Scott Wine, whose request to leave the company at the end of the current three-year business plan cycle to pursue other interests, has been accepted by the Board. “Mr. Marx rejoins CNH from Iveco Group where as CEO he has led that company’s drive into a new era of connectivity, integrating the latest digital and data technologies with Iveco’s product offering. He has also chaired Iveco’s powertrain business overseeing its transition to alternative propulsion systems. Prior to first joining CNH in January 2019, Mr. Marx worked for 20 years in senior roles at McKinsey, Daimler Trucks, and Bain Capital, living in Brazil, China, Europe and Japan… With Mr. Marx’s appointment as the company’s new CEO taking effect on July 1, 2024, the Board has decided that the Investor Day presentation scheduled for May 21, 2024, will be postponed to a later date to allow Mr. Marx to lead the company’s planning and objectives for the next phase of its development. In the meantime, the company’s first quarter financial results will be presented as planned in a conference call on May 2, 2024 by Mr. Wine, who will continue as the company’s CEO until the end of June,” the company stated.