GlobeNewswire Inc | Nov 2, 2021 06:00AM EDT

November 02, 2021

-- Corporate vision: Sustainably advancing the noble work of global agricultural and construction workers -- New optimized organizational structurewill drive efficiency,agility and accountability -- Structure enhances customer-centricity and targetsdigital and technology leadership

London, November 2, 2021

CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) announces a new strategic structure as an integral part of the Companys transition into an organization that will lead in the agriculture and construction sectors following the spin-off of Iveco Group.

This organization aims to accomplish key strategic objectives, all fulfilling CNH Industrials vision: Sustainably advancing the noble work of global agricultural and construction workers.

We are implementing a new organizational structure, and enhancing our Senior Leadership Team, to elevate our focus on customers and dealers, improve productivity and accelerate profitable growth, said Scott Wine, CEO, CNH Industrial. This new structure fosters agility, eliminates unnecessary bureaucracy, and promotes clear accountability as we execute our strategic priorities and create value for our stakeholders.

A new organizational model

CNH Industrial is committed to delivering the highest ethical standards and supporting its dealers and customers through a diverse and inclusive workforce, industry-leading technology, exceptional safety and quality, and unmatched innovation.

This structure embraces a lean and agile approach to business and delineates clear accountability. It includes the full list of appointments to the Senior Leadership Team (SLT).

The CEO oversees three Global Business Units(GBUs), which are tasked with profitably and sustainably growing their businesses:

Agriculture Construction Financial ServicesDerek Neilson, President Stefano Pampalone, President Oddone Incisa, President

The following areas, which report to the CEO, are integrated into the GBUs, driving strategic growth by swiftly identifying, creating, and deploying relevant solutions:

Corporate Regions North America Brad Crews, PresidentEurope, Middle East & Africa Carlo Alberto Sisto, PresidentLatin America Vilmar Fistarol, PresidentAsia Pacific Chun Woytera, President

Business FunctionsDigital & Precision Parag Garg, Chief Digital OfficerTechnology & Quality Jay Iyengar, Chief Technology & Quality OfficerSupply Chain Tom Verbaeten, Chief Supply Chain OfficerCNH Industrial Business System1 Scott Moran, Chief CNH Industrial Business System Officer

Support FunctionsFinance Oddone Incisa, Chief Financial OfficerHuman Resources Kevin Barr, Chief Human Resources OfficerIT Marc Kermisch, Chief Information OfficerLegal & Compliance Roberto Russo, Chief Legal and Compliance Officer

Operating at global level in direct support of the CEO and the effective execution of the GBUs and Corporate Regions are the following Corporate Staff functions

Diversity & Inclusion, Sustainability and Transformation Kelly Tolbert, Chief Diversity & Inclusion, Sustainability and Transformation Officer Corporate Development Michele Lombardi, Senior Vice President of Corporate Development Internal Audit Carlo De Bernardi, Senior Vice President of Internal AuditCommunications Laura Overall, Senior Vice President of Communications

Our new streamlined structure will drive improved results by empowering front-line managers, accelerating decision-making across our organization, and holding us accountable to our customers, said Wine. I wish to congratulate the full SLT on their appointments and thank them for their strong leadership. Their comprehensive knowledge and diverse experience qualify them as the core group to lead us forward. With their guidance and our customer-centric mindset and structure, we are positioned to compete and win in our vast, global Agriculture and Construction Equipment markets.

CNH IndustrialN.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

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Contacts

Corporate Communications

Email: mediarelations@cnhind.com

Investor Relations

Email: investor.relations@cnhind.com

1This new function within the company wasimplemented in July 2021.It is a comprehensive company-wide program that drives continuous improvement in all facets of the organization.

Attachment

-- 20211102_PR_CNH_Industrial_SLT_announcement