CNH Industrial announces management changes within Firefighting Business Unit
CNH Industrial N.V. (NYSE: CNHI) announced leadership changes in its Firefighting Business Unit, effective July 1, 2021. Thomas Hilse will succeed Marc Diening as CEO of Magirus, which forms part of the new On-Highway business expected to operate separately from CNH Industrial in early 2022. Hilse brings 25 years of industry experience, having previously served as IVECO Brand President since late 2019. Gerrit Marx, designated CEO of the On-Highway business, expressed confidence in Hilse's leadership and appreciation for Diening's contributions over his five-year tenure.
- Appointment of Thomas Hilse as CEO expected to bring fresh perspectives to Magirus.
- Hilse's extensive experience may strengthen Magirus's market position and growth.
- Change in leadership could create temporary disruption or uncertainty during transition.
- Marc Diening's departure may raise concerns about continuity.
London, June 28, 2021
CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) announced today the following changes to the leadership of its global Firefighting Business Unit, regrouped under the Magirus brand.
Effective as of July 1, 2021, Thomas Hilse will assume responsibility for the Firefighting Business Unit and become CEO of Magirus. He succeeds Marc Diening, who has held a 5-year tenure at Magirus and is now stepping down to pursue other interests. Established in 1864 and headquartered in Ulm, Germany, Magirus forms part of the new On-Highway business which is expected to begin separate operations from CNH Industrial in early 2022.
Mr. Hilse has some 25 years of experience in the Truck, Bus & Commercial Vehicles industry with different brands across Europe, North America, Latin America and South-East Asia. He has been working within CNH Industrial since his appointment as IVECO Brand President in late 2019.
“I would like to congratulate Thomas on this new appointment and thank him for the work he has done with the IVECO brand. I am confident that with his management, Magirus and its people will continue to thrive and garner increasing global market share. I would also like to thank Marc Diening for his contributions at Magirus and wish him well in his future endeavors,” said Gerrit Marx, designated Chief Executive Officer of the new On-Highway business.
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
Media contact:
Francesco Polsinelli
Corporate Communications Manager, Europe
CNH Industrial
Tel: +39 335 1776091
Email: mediarelations@cnhind.com
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