The company is not there yet, it will be incorporated and will take shape at the beginning of 2022, but the future CEO is already known. It is about Gerrit Marx, CEO who will drive the new Iveco. The company that will be born from the spin-off that will be created at the beginning of next year by Cnh Industrial: all the On-Highway sectors of the Italian-American multinational will be put together. The Iveco brands and activities, heavy, medium and light commercial vehicles, Iveco Astra, vehicles for heavy quarry / construction site applications, Iveco Bus and Heuliez Bus, buses and coaches, Magirus will be included within the perimeter that is going to be composed. , fire fighting vehicles, Iveco Defense Vehicles, defense and civil protection vehicles, and then Fpt Industrial, technologies related to engines, and the financial services of Iveco Capital. A set of activities that also appealed to the Chinese of Faw, but after two skipped sale negotiations, now Cnh, owned by the Exor holding which also controls Repubblica through Gedi, has decided to continue with the previous plans: the spin-off of Iveco and then aim for listing on the stock exchange.
Cnh, stop on the sale of Iveco to the Chinese group Faw Jefang
Gerrit Marx joined Cnh Industrial as president of Commercial and Specialty Vehicles in January 2019, trained between the universities of Aachen and Cologne, comes from experiences in Daimler Trucks and Volkswagen-Skoda, He has operated in various areas of the world. He was president and CEO of Daimler Trucks China from 2009 to 2011. He has held leading roles in companies such as McKinsey & Company and, most recently, in the global investment firm Bain Capital. He has been involved in various industrial sectors with a focus on the automotive sector. A man of finance and industry. “We are confident that his experience in the commercial vehicle sector, combined with the proven leadership of our Commercial and Specialty Vehicles segment, will be instrumental for him in the development of the new company,” said Suzanne Heywood, chairman of the board of directors of Cnh Industrial.
Cnh, run of profit in the first quarter. Forecasts for 2021 have been revised upwards
at Diego Longhin
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