CNH Industrial announces changes to its Board of Directors
On September 2, 2022, CNH Industrial N.V. (NYSE: CNHI) announced the immediate retirement of John Lanaway from its Board of Directors due to health reasons. Lanaway had served on the board since 2006, contributing over 15 years of service. His departure leads to the appointment of Karen Linehan as the new Chair of the Audit Committee. The company continues to focus on innovation and productivity through its various global and regional brands, including Case IH and New Holland Agriculture.
- Karen Linehan's appointment may bring fresh perspectives and strengthened oversight to the Audit Committee.
- John Lanaway's retirement raises concerns about continuity and potential experience gaps on the Board.
London, September 2, 2022
CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) today announces that John Lanaway has retired from the Company’s Board of Directors with immediate effect for health reasons.
Mr. Lanaway has served on CNH Industrial’s Board, and that of its predecessor companies since his initial appointment in 2006.
“I would like to sincerely thank John for his over 15 years of service as a member of CNH Industrial’s board. His wise counsel and keen financial oversight have been invaluable to the Board and his significant contributions to the Company will be his enduring legacy,” said Suzanne Heywood, Chair, CNH Industrial. “We are grateful for his fellowship and thankful for his service.”
Karen Linehan has been appointed as Mr. Lanaway’s successor as Chair of the Audit Committee.
CNH Industrial (NYSE: CNHI / MI: CNHI) is a world-class equipment and services company. Driven by its purpose of Breaking New Ground, which centers on Innovation, Sustainability and Productivity, the Company provides the strategic direction, R&D capabilities, and investments that enable the success of its global and regional Brands. Globally, Case IH and New Holland Agriculture supply 360° agriculture applications from machines to implements and the digital technologies that enhance them; and CASE and New Holland Construction Equipment deliver a full lineup of construction products that make the industry more productive. The Company’s regionally focused Brands include: STEYR, for agricultural tractors; Raven, a leader in digital agriculture, precision technology and the development of autonomous systems; Flexi-Coil, specializing in tillage and seeding systems; Miller, manufacturing application equipment; Kongskilde, providing tillage, seeding and hay & forage implements; and Eurocomach, producing a wide range of mini and midi excavators for the construction sector, including electric solutions. Across a history spanning over two centuries, CNH Industrial has always been a pioneer in its sectors and continues to passionately innovate and drive customer efficiency and success. As a truly global company, CNH Industrial’s 37,000+ employees form part of a diverse and inclusive workplace, focused on empowering customers to grow, and build, a better world.
For more information and the latest financial and sustainability reports visit: cnhindustrial.com
For news from CNH Industrial and its Brands visit: media.cnhindustrial.com
Contacts:
Media Relations
Email: mediarelations@cnhind.com
Investor Relations
Email: investor.relations@cnhind.com
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