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CNH Industrial announces Senior Leadership Team changes

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(Low)
Rhea-AI Sentiment
(Very Positive)
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management
Rhea-AI Summary

CNH Industrial (NYSE: CNHI) announced the appointments of Vilmar Fistarol as President, North America, and Rafael Miotto as President, Latin America, effective January 2023. Fistarol brings over 31 years of experience, having significantly grown brand sales in Latin America. He takes over from Brad Crews, who will transition to a new role. Miotto, with 18 years at the company, previously led New Holland Agriculture in Latin America. CEO Scott W. Wine expressed confidence in their ability to enhance customer value in key regions for agriculture and construction.

Positive
  • Appointment of experienced leaders may drive growth in North America and Latin America.
  • Fistarol's extensive background could lead to better sales strategies in the North American market.
  • Miotto's proven leadership in Latin America strengthens regional management.
Negative
  • Transition of leadership may cause temporary disruptions during the changeover.
  • Potential concerns about continuity in brand strategy with the departure of Brad Crews.

London, November 16, 2022

CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) today announces the appointment of Vilmar Fistarol as President, North America and Rafael Miotto as President, Latin America.

Vilmar Fistarol will lead the North America region as of late January 2023, following over a decade as President, Latin America, during which time he has continually grown CNH Industrial’s brands’ sales in the region to market leading positions. Vilmar has served CNH Industrial and its predecessor companies for over 31 years in numerous leadership positions. He replaces Brad Crews, whose upcoming transition to a new role in the Agriculture Segment was announced in September 2022.

Rafael Miotto will assume responsibility for the Latin America region as of January 2023, and this appointment will see him join the Company’s Senior Leadership Team. Rafael has successfully led the New Holland Agriculture brand in Latin America for the last five years, and in his 18 years with the company has gained extensive experience in sales and marketing, aftersales and commercial operations.

“CNH Industrial is focused on delivering for our customers, the world’s farmers and builders. In Vilmar and Rafael we have two proven leaders, who are committed to driving ever greater success in two key regions for the agriculture and construction businesses,” said Scott W. Wine, Chief Executive Officer, CNH Industrial. “I am confident they will drive significant value for our customers, dealers and all stakeholders.”

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

Media contacts:

Rebecca Fabian        Anna Angelini
North America United Kingdom
Tel. +1 312 515 2249 Tel. +44 (0)7725 826 007

mediarelations@cnhind.com

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FAQ

Who are the new leaders appointed at CNH Industrial for North America and Latin America?

Vilmar Fistarol is appointed as President, North America, and Rafael Miotto as President, Latin America.

What experience does Vilmar Fistarol bring to his new role at CNH Industrial?

Fistarol has over 31 years of experience with CNH Industrial and has led the Latin America region, significantly growing sales.

What impact is expected from the leadership changes at CNH Industrial?

The leadership changes are expected to enhance customer value and drive growth in two key regions for agriculture and construction.

When will the new presidents for North America and Latin America take office?

Vilmar Fistarol and Rafael Miotto will assume their new roles in January 2023.

CNH INDUSTRIAL N.V.

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