Following the recent announcements by CNH and Kobelco, concerning the terminating of their agreement, CNH announced today the appointment of Mario Gasparri as Head of the CNH Construction Equipment business in the newly created Europe, Middle East, Africa (EMEA) region.
This appointment is additional to his role of Brand President of Case Construction and New Holland Construction that was announced last November as part of the Fiat Industrial new organization.
Mr. Gasparri served as General Manager of CNH International since September 2010 with responsibility for CNH's agricultural and construction brands in Africa, the Middle East, CIS, Asia, Australia and New Zealand, with a special focus on China, Turkey, India and Japan. He has held a variety of roles in several Fiat companies for the past 24 years, including the positions of Managing Director of New Holland India and the Asia Pacific markets and Vice President of Agricultural Equipment Commercial Operations, CNH International.
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CNH signed a Memorandum of Understanding today with the state of Minas Gerais (Brazil) to lay the groundwork for a R$600 million investment in a new construction equipment plant in Montes Claros, in the northern region of Minas Gerais. The Memorandum was signed at Fiat Industrial’s headquarters in Turin, Italy, during a visit by a Minas Gerais state government delegation, led by Governor Antonio Anastasia.
“This agreement strengthens our ties to the state of Minas Gerais and reconfirms a commitment started 40 years ago with Fiat’s first investments in the region. Minas Gerais holds a prominent place in the Brazilian economy and therefore is an ideal location for Fiat Industrial, and for CNH in particular, to grow in Brazil,”
said Sergio Marchionne, Chairman of Fiat Industrial and CNH.
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CNH Global N.V. has announced that President and CEO, Harold Boyanovsky, will retire on Dec. 31, 2011. Chief Financial Officer, Richard Tobin, will become President and CEO of CNH, effective Jan. 1, 2012. Camillo Rossotto, Treasurer and head of financial services for Fiat Industrial S.p.A., will assume the role of Chief Financial Officer of CNH, effective Jan. 1, 2012, while retaining his current responsibilities.
Mr. Boyanovsky, 67, has served as President and CEO of CNH since March 2005. In 1966, he began his career in field sales with International Harvester. During this time he held various positions of increasing responsibility before becoming CEO of CNH, including senior vice president and general manager for North America, president of worldwide agricultural equipment products, and president of the construction equipment business.
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In a statement issued by New Holland Construction the company announced that in North America it will refocus on its strengths: the compact product lines for the landscaping, utility, residential construction and agriculture industries, among others.
As a result, starting in 2012, New Holland Construction will begin withdrawing from the North American market its crawler dozers, motor graders, 80+ horsepower wheel loaders, 6+ ton excavators, and telescopic handlers. New Holland Construction will continue to offer compact products and associated attachments, including the successful skid steer loaders, compact track loaders, tractor loaders, loader backhoes, compact wheel loaders, and compact excavators.
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