CNH Industrial N.V 6-K, filed Nov 2, 2021
CNH Industrial N.V. (CNH)
6-K
2021-11-02
For: 2021-11-02
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Added on
April 12, 2026
About this 6-K
CNH Industrial N.V filed this 6-K on November 2, 2021.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of November 2021
Commission File No. 001-36085
CNH INDUSTRIAL N.V.
(Translation of Registrant's Name Into English)
25 St James’s Street,
London, SW1A 1HA
United Kingdom
Tel. No.: +44 1268 533000
(Address of Principal Executive Offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F X Form 40-F _________
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
CNH INDUSTRIAL N.V.
Form 6-K for the month of November 2021
The following exhibits are furnished herewith:
| Exhibit 99.1 | Press release, dated November 2, 2021, titled: "CNH Industrial unveils new organizational | ||||
| structure for its Off-Highway future" | |||||
| Exhibit 99.2 | Press release, dated November 2, 2021, titled: "Iveco Group presents its future organization | ||||
| and leadership team" | |||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
CNH Industrial N.V.
By: /s/ Michael P. Going
Name: Michael P. Going
Title: Corporate Secretary
November 2, 2021
Index of Exhibits
| Exhibit | Description of Exhibit | |||||||
| Number | ____________________________________________________________________________ | |||||||
| Exhibit 99.1 | Press release, dated November 2, 2021, titled: "CNH Industrial unveils new organizational | |||||||
| structure for its Off-Highway future" | ||||||||
| Exhibit 99.2 | Press release, dated November 2, 2021, titled: Iveco Group presents its future organization and | |||||||
| leadership team" | ||||||||
Corporate Communications Exhibit 99.1 _________________________________________________________________________________________
CNH Industrial unveils new organizational structure for its Off-Highway future
•Corporate vision: Sustainably advancing the noble work of global agricultural and construction workers
•New optimized organizational structure will drive efficiency, agility and accountability
•Structure enhances customer-centricity and targets digital and technology leadership
London, November 2, 2021
CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) announces a new strategic structure as an integral part of the Company’s transition into an organization that will lead in the agriculture and construction sectors following the spin-off of Iveco Group.
This organization aims to accomplish key strategic objectives, all fulfilling CNH Industrial’s vision: Sustainably advancing the noble work of global agricultural and construction workers.
“We are implementing a new organizational structure, and enhancing our Senior Leadership Team, to elevate our focus on customers and dealers, improve productivity and accelerate profitable growth,” said Scott Wine, CEO, CNH Industrial. “This new structure fosters agility, eliminates unnecessary bureaucracy, and promotes clear accountability as we execute our strategic priorities and create value for our stakeholders.”
A new organizational model
CNH Industrial is committed to delivering the highest ethical standards and supporting its dealers and customers through a diverse and inclusive workforce, industry-leading technology, exceptional safety and quality, and unmatched innovation.
This structure embraces a lean and agile approach to business and delineates clear accountability. It includes the full list of appointments to the Senior Leadership Team (SLT).
The CEO oversees three Global Business Units (GBUs), which are tasked with profitably and sustainably growing their businesses:
Agriculture Construction Financial Services
Derek Neilson, President Stefano Pampalone, President Oddone Incisa, President
CNH Industrial N.V. Corporate Office: 25 St James’s Street London, SW1A 1HA | ||
Corporate Communications Exhibit 99.1 _________________________________________________________________________________________
The following areas, which report to the CEO, are integrated into the GBUs, driving strategic growth by swiftly identifying, creating, and deploying relevant solutions:
Corporate Regions
North America – Brad Crews, President
Europe, Middle East & Africa – Carlo Alberto Sisto, President
Latin America – Vilmar Fistarol, President
Asia Pacific – Chun Woytera, President
Business Functions
Digital & Precision – Parag Garg, Chief Digital Officer
Technology & Quality – Jay Iyengar, Chief Technology & Quality Officer
Supply Chain – Tom Verbaeten, Chief Supply Chain Officer
CNH Industrial Business System[1] – Scott Moran, Chief CNH Industrial Business System Officer
Support Functions
Finance – Oddone Incisa, Chief Financial Officer
Human Resources – Kevin Barr, Chief Human Resources Officer
IT – Marc Kermisch, Chief Information Officer
Legal & Compliance – Roberto Russo, Chief Legal and Compliance Officer
Operating at global level in direct support of the CEO and the effective execution of the GBUs and Corporate Regions are the following Corporate Staff functions:
Diversity & Inclusion, Sustainability and Transformation – Kelly Tolbert, Chief Diversity & Inclusion, Sustainability and Transformation Officer
Corporate Development – Michele Lombardi, Senior Vice President of Corporate Development
Internal Audit – Carlo De Bernardi, Senior Vice President of Internal Audit
Communications – Laura Overall, Senior Vice President of Communications
“Our new streamlined structure will drive improved results by empowering front-line managers, accelerating decision-making across our organization, and holding us accountable to our customers,” said Wine. “I wish to congratulate the full SLT on their appointments and thank them for their strong leadership. Their comprehensive knowledge and diverse experience qualify them as the core group to lead us forward. With their guidance and our customer-centric mindset and structure, we are positioned to compete and win in our vast, global Agriculture and Construction Equipment markets.”
______________________
[1] This new function within the company was implemented in July 2021. It is a comprehensive company-wide program that drives continuous improvement in all facets of the organization.
Corporate Communications Exhibit 99.1 _________________________________________________________________________________________
CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) is a global leader in the capital goods sector with established industrial experience, a wide range of products and a worldwide presence. Each of the individual brands belonging to the Company is a major international force in its specific industrial sector: Case IH, New Holland Agriculture and Steyr for tractors and agricultural machinery; Case and New Holland Construction for earth moving equipment; Iveco for commercial vehicles; Iveco Bus and Heuliez Bus for buses and coaches; Iveco Astra for quarry and construction vehicles; Magirus for firefighting vehicles; Iveco Defence Vehicles for defence and civil protection; and FPT Industrial for engines and transmissions. More information can be found on the corporate website: www.cnhindustrial.com
Sign up for corporate news alerts from the CNH Industrial Newsroom:
bit.ly/media-cnhindustrial-subscribe
Contacts:
Corporate Communications
Email: mediarelations@cnhind.com
Investor Relations
Email: investor.relations@cnhind.com
Corporate Communications Exhibit 99.2 _________________________________________________________________________________________
Iveco Group presents its future organization and leadership team
London, November 2, 2021
CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) announces the organizational structure of the future Iveco Group. As previously communicated, designated CEO Gerrit Marx will lead this new, to be listed, company with its commercial vehicles, powertrain, specialty vehicles and financial services businesses into independent operation in early 2022.
Under Mr. Marx’s leadership, the Iveco Group structure is designed to be customer-centric, accountable and performance driven. Its delineation stems from the Business Units, which encompass the following businesses with their respective brands: Truck (IVECO), Bus (IVECO BUS and HEULIEZ), Powertrain (FPT Industrial), Defence Vehicles & ASTRA, Firefighting (Magirus) and Financial Services (IVECO CAPITAL).
The Support & Industrial Functions, Finance, Operations, Technology & Digital and Human Resources & ICT will deliver streamlined solutions enabling the Business Units to execute swiftly and effectively. The Corporate Functions will ensure the appropriate level of specific support in the areas of Legal & Compliance, Institutional Relations & Sustainability, Communications and Internal Audit.
“With this structure in place, we are ready to embark on our exciting future. It provides clarity from the start and from the top, placing customer-centricity at its core and setting forth a high-performing team with well-defined roles and accountabilities that mutually complement each other. Its design will generate a positive ripple effect down to the further layers of the organization, driving our sharp focus on key business goals and identifying the best means for serving our customers, cooperating with our partners and rewarding our shareholders,” said Gerrit Marx, designated CEO, Iveco Group.
CNH Industrial N.V. Corporate Office: 25 St James’s Street London, SW1A 1HA | ||
Corporate Communications Exhibit 99.2 _________________________________________________________________________________________
This newly announced organization sees the following individuals appointed to the Senior Leadership Team (SLT):
Business Units
Truck – Luca Sra, President
Bus – Domenico Nucera, President
Powertrain – Sylvain Blaise, President
Defence Vehicles & ASTRA – Claudio Catalano, President
Firefighting – Thomas Hilse, President
Financial Services – Simone Olivati, President
Support & Industrial Functions
Finance – Francesco Tanzi, Chief Financial Officer
Operations – Annalisa Stupenengo, Chief Operations Officer
Technology & Digital – Marco Liccardo, Chief Technology & Digital Officer
Human Resources & ICT – Francesco Tutino, Chief Human Resources & ICT Officer
Corporate Functions
Institutional Relations & Sustainability – Michele Ziosi, Senior Vice President
Communications – Francesco Polsinelli, Senior Vice President
The Legal & Compliance and Internal Audit appointments will be announced at a later date.
CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) is a global leader in the capital goods sector with established industrial experience, a wide range of products and a worldwide presence. Each of the individual brands belonging to the Company is a major international force in its specific industrial sector: Case IH, New Holland Agriculture and Steyr for tractors and agricultural machinery; Case and New Holland Construction for earth moving equipment; Iveco for commercial vehicles; Iveco Bus and Heuliez Bus for buses and coaches; Iveco Astra for quarry and construction vehicles; Magirus for firefighting vehicles; Iveco Defence Vehicles for defence and civil protection; and FPT Industrial for engines and transmissions. More information can be found on the corporate website: www.cnhindustrial.com
Corporate Communications Exhibit 99.2 _________________________________________________________________________________________
Sign up for corporate news alerts from the CNH Industrial Newsroom:
bit.ly/media-cnhindustrial-subscribe
Contacts:
Corporate Communications
Email: mediarelations@cnhind.com
Investor Relations
Email: investor.relations@cnhind.com