Last month news broke that Jim Walker would be retiring as Case IH Vice President of North America and that Richard Tobin resigned from his position as CEO and director of CNH Industrial to take the CEO job at Dover Corp. Now, more news of leadership changes is coming out of CNH Industrial.
According to an April 12 report in Bloomberg, Sergio Marchionne will be retiring from Fiat at the end of the year. “This is clearly the end of an era and maybe more, as Marchionne is not just the mastermind behind FCA, he is FCA,” Giuseppe Berta, a professor at Bocconi University and former head of Fiat's archives, told Bloomberg. “After he is gone, FCA will have to change, and this opens room for a big transformational deal.”
Andreas Klauser, brand president of Case IH a board member of CNH Industrial, has been appointed the CEO of Palfinger. He will assume his new position on June 1. Palfinger is an Austrian manufacturer of hydraulic lifting, loading and handling solutions and products. “This management position at Palfinger is a challenge that I am happy to accept,” Andreas Klauser said. “Palfinger is the industry’s benchmark for innovations, strategic growth and success through the proximity to its customers all over the world. Together we will tackle the next stage in our process of profitability enhancement and international growth.”
CNH Industrial has not yet announced Klauser’s departure or who his successor will be.
Farm Equipment editors are continuing to follow the story and will provide more updates as they become available. Look for this week’s episode of On the Record for additional information.