CNH Industrial appoints Derek Neilson as interim CEO

CNH Industrial (CNH) has appointed Derek Neilson as interim CEO following Richard Tobin’s departure from the company from the 27 April 2018. Neilson was previously chief operating officer for Europe, Middle East and Africa and president of the company’s commercial vehicles products segment.

In addition, he served as CNH’s chief manufacturing officer from 2012 to 2015 and has nearly 20 years’ experience working in the group.

Sergio Marchionne, chairman of CNH, said: “Rich and I have worked together for over 20 years across various companies and industries and I wish him all the best in this next chapter of his career. One of the most important and lasting qualities of a leader is the development of the people you lead. Rich worked hard at building a strong team at CNH Industrial, including Derek Neilson who will serve as interim CEO as the Board undertakes a search for a new Chief Executive. Derek brings a breadth of experience across the Company’s product and geographic profile and will provide a seamless transition as we finalize our decision for the CEO position through the Board’s governance process.”

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