CNH picks Iveco Group’s Marx as new CEO


Photographer: Krisztian Bocsi/Bloomberg

MILAN: The holding company of Italy’s Agnelli family has overseen a shakeup at the top of two of its major industrial groups, with Scott Wine quitting his post as CEO of farm and construction machinery group CNH to be replaced by Iveco boss Gerrit Marx.

The two companies said on Sunday Marx will replace Wine from July 1. Turin-based Iveco said it had appointed board member Olof Persson as its new CEO.

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