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London, July 21, 2018
The Board of Directors of CNH Industrial meeting today noted with deep regret that Chairman
Sergio Marchionne will be unable to return to work. The Board has therefore named Suzanne
Heywood as Chairman.
The Board will continue the process that is already under way to select a new CEO. In the
meantime Derek Neilson will continue, in his role as the Company’s Interim CEO, to ensure the
Company’s operational continuity.
In addition, the Board wishes to recognise the extraordinary leadership and commitment Sergio
Marchionne brought to the company. Their thoughts go out to him and his family.
CNH Industrial appoints new Chairman