STOCK TITAN

CNH Industrial donates $500,000 to support Ukrainians in need

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

On March 4, 2022, CNH Industrial (NYSE: CNHI) announced a $500,000 donation to support Ukrainians affected by the ongoing crisis. The donation will be deployed through NGOs providing direct assistance. Additionally, CNH Industrial will create a global fund for employee contributions, matching them dollar for dollar. CEO Scott W. Wine expressed condemnation of the violence in Ukraine and emphasized the safety of employees in the region, where CNH Industrial has 38 staff currently receiving support.

Positive
  • CNH Industrial committed $500,000 to aid Ukrainians affected by the crisis.
  • The company will match employee donations to further support humanitarian efforts.
  • Active support for 38 employees in Ukraine demonstrates commitment to workforce safety.
Negative
  • None.

London, March 4, 2022

CNH Industrial (NYSE: CNHI / MI: CNHI) today announces a $500,000 donation to support Ukrainians impacted by the current crisis. In order to ensure the effective deployment of this donation, CNH Industrial will rely on the support of NGOs who are providing on the ground assistance to those in need. In addition, CNH Industrial will establish a global fund to which employees can donate, with the Company matching their contributions dollar for dollar.

“CNH Industrial strongly condemns any and all acts of unprovoked violence and aggression, which have led to the current lamentable situation in Ukraine. Our thoughts and prayers are with everyone affected, and we are prioritizing the safety of our employees and their families in the country,” said Scott W. Wine, Chief Executive Officer, CNH Industrial. “I am humbled by our employees’ determination to contribute in assisting the population of Ukraine, which is in urgent humanitarian need. I, alongside my fellow 37,500 CNH Industrial colleagues, wish for a positive and quick resolution to this unfolding crisis.”

CNH Industrial has 38 employees based in Ukraine, and a dedicated team is actively providing them with ongoing support.

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 five core Brands: Case IH, New Holland Agriculture and STEYR, supplying 360° agriculture applications from machines to implements and the digital technologies that enhance them; and CASE and New Holland Construction Equipment delivering a full lineup of construction products that make the industry more productive. 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, driven by its purpose of Breaking New Ground. As a truly global company, CNH Industrial’s 35,000+ 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                                       
North America 
Tel. +1 312 515 2249                                        

Anna Angelini
United Kingdom
Tel. +44 (0)7725 826 007

Email: mediarelations@cnhind.com

Attachments


FAQ

What is CNH Industrial's recent donation for Ukraine?

CNH Industrial announced a $500,000 donation to support Ukrainians impacted by the crisis.

When did CNH Industrial announce its support for Ukraine?

CNH Industrial announced its support on March 4, 2022.

How is CNH Industrial supporting its employees in Ukraine?

CNH Industrial is providing ongoing support to its 38 employees based in Ukraine during the crisis.

What employee program has CNH Industrial established for the Ukraine crisis?

CNH Industrial will match employee contributions to a global fund that supports humanitarian efforts in Ukraine.

CNH INDUSTRIAL N.V.

NYSE:CNHI

CNHI Rankings

CNHI Latest News

CNHI Stock Data

14.40B
1.26B
29.75%
65.46%
2.45%
Farm & Heavy Construction Machinery
Construction Machinery & Equip
Link
United States of America
LONDON,