Iveco Group Chief Govt Gerrit Marx is leaving the Italian bus and truck maker to take the place of CEO of farm and building equipment group CNH Industrial from July 1, the businesses stated on Sunday.
Marx will change Scott Wine who’s leaving to pursue different pursuits, in keeping with the corporate. Olof Persson will succeed Marx as Iveco chief, the corporate stated.
Iveco stated final month it plans to deal with new and deeper partnerships for future progress, unveiling a five-year marketing strategy focusing on a 20% bump in income by 2028.
CNH reported a better fourth-quarter revenue in February, boosted by robust costs for its farm and building equipment regardless of slowing demand.