CNH Industrial's New Leadership Team to Drive Growth

Exciting Leadership Changes at CNH Industrial

CNH Industrial (NYSE: CNH) has recently announced significant changes in its Global Leadership Team, aiming to take advantage of emerging market opportunities within the Agriculture business. This strategic decision positions the company for growth as the agricultural cycle begins to rise.

New Leaders at the Helm

As part of these changes, Scott Harris will transition into the role of President for North America, effective January 1, 2025. In another significant move, Markus Müller will join CNH as President of the EMEA region starting March 1, 2025. Both leaders bring extensive experience and a wealth of skills that will be crucial in achieving CNH’s strategic objectives in their respective regions.

Strengthening North America’s Leadership

Scott Harris, who takes over the North American leadership, previously served as the Global Brand President of Case IH and STEYR. His diverse experience spans various aspects of CNH's operations, including leading the Financial Services business and managing the Parts & Service division. His in-depth understanding of the agricultural market and strong relationships with dealers and customers will provide the leadership needed to thrive in North America.

Farewell to Esteemed Leaders

This leadership transition comes with the stepping down of Vilmar Fistarol, who has dedicated 34 years to CNH. His impact over the years has been profound, influencing several areas of the business. He will continue to serve the company in an advisory capacity through the first half of 2025.

Dynamic EMEA Agriculture Market

In addition to the changes in North America, the EMEA region boasts a rapidly evolving agricultural landscape. Markus Müller, who arrives from DEUTZ AG, is set to lead the charge in this diverse market. With extensive experience as Chief Sales Officer and Chief Technology Officer, Müller is well-equipped to enhance CNH’s operations in various agricultural contexts across EMEA.

Continuity in Leadership With Interim Solutions

Acknowledging the critical nature of leadership continuity, Stefano Pampalone, the Agriculture Chief Commercial Officer, will temporarily assume the role of EMEA President until Müller officially arrives. Their collaborative efforts will ensure a seamless transition in leadership and direction for the company's operations in EMEA.

Strategic Vision for the Future

Gerrit Marx, Chief Executive Officer at CNH, expressed confidence in these transitions: “Scott is a natural choice to lead North America, following the excellent groundwork laid by Vilmar.” His words reflect the thoughtful approach CNH is taking in navigating this critical period in the agriculture sector.

Welcoming New Innovations

As CNH looks forward to welcoming Markus Müller to the team, there is an evident optimism around how his background will influence the company’s agricultural strategies and overall operations in the EMEA region. The agricultural market’s dynamic nature requires strong leadership to navigate complexities and maximize potential growth opportunities.

About CNH Industrial

CNH Industrial (NYSE: CNH) is recognized as a premier company in the fields of equipment, technology, and services. With an emphasis on breaking new ground, the company prioritizes innovation, sustainability, and productivity in all its endeavors. Its comprehensive portfolio encompasses renowned brands like Case IH and New Holland, which offer agricultural machines, implements, and cutting-edge digital solutions.

Continued Commitment to Customer Success

With over two centuries of leadership in agriculture and equipment manufacturing, CNH remains dedicated to fostering customer success and efficiency. The company employs over 40,000 individuals globally, committing to a diverse and supportive workplace that empowers its clients to thrive.

Frequently Asked Questions

What prompted CNH to make changes to its leadership team?

CNH aims to capitalize on current market opportunities in the Agriculture business, positioning itself for growth during this phase of the agricultural cycle.

Who are the new leaders at CNH Industrial?

Scott Harris will become President of North America, while Markus Müller will take on the role of President for the EMEA region.

What experience does Scott Harris bring to his new role?

Scott Harris has a multifaceted background within CNH, including leadership roles in financial services and brand management, giving him comprehensive market insights.

How will Markus Müller's arrival impact CNH Industrial?

Markus Müller’s extensive experience in the industrial sector is expected to enhance CNH's strategic objectives and alignment within the EMEA agricultural market.

What is CNH Industrial's focus moving forward?

CNH Industrial will continue to focus on innovation, sustainability, and productivity, enhancing customer success through advanced technology and outstanding service.

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