Updated June 4,  2024, 10:45 am

In a note to dealers on May 31,  CNH Industrial President of Agriculture Derek Neilson said he will work with incoming CEO Gerrit Marx to ensure his transition out of his current role is smooth.

The full note reads as follows:

Dear Dealer Partner,

After 25 years of service with CNH I have decided that the time has come to embark on the next stage of my career, and therefore I am writing to inform you that my request to leave this great company later this year to pursue a new entrepreneurial project outside of the sector has been accepted. I will continue to work closely with Scott Wine, and subsequently with Gerrit Marx, our incoming CEO, to ensure a smooth and seamless transition through to my departure. You can read the press release here.

My time with CNH has been immensely rewarding, and a large part of that is thanks to you, the world’s best agricultural dealer network. Together, we have accomplished much including strengthening our world-class brands, enhancing your distribution, and breaking new ground in terms of leading product and technology launches. Some of my most treasured memories will be of time spent together, with you and our customers – right across the world – and your truly inspiring commitment to driving this business forward.

Together we have paved the way for a brighter and stronger future, and our CNH team remains committed to partnering with you to continue this journey. Even though it will be from the outside, I will always follow with interest and an unbreakable sense of attachment everything you will accomplish.

Thank you for your many years of partnership, and I wish you great success for the future. 

Neilson's resignation will be effective Sept 30., 2024, according to a May 31 SEC filing from CNH Industrial. 

CNH Industrial N.V. (NYSE:CNH) announces that it has accepted Derek Neilson's request to leave the Company later this year to pursue a new entrepreneurial project outside of the sector, after 25 years of dedicated service.

During his career with CNH Derek has held a range of leadership positions, making major contributions to manufacturing, the former commercial vehicles division, the EMEA region, also serving for a time as interim CEO. For the past six years he has overseen the transformation of CNH’s agricultural business and its accompanying record performance. Derek has developed a strong team that will continue to place the needs of our agricultural customers at the center of our business as we continue the development of the next generation of digitally enabled products.

Suzanne Heywood, Chair of CNH said, “On behalf of the entire company, I would like to thank Derek for his years of unstinting dedication to CNH. His commitment to the development of outstanding, customer-focused products and his championing of constant improvement have been critical to the success of our continuing transformation. The entire CNH team wishes him every success with his future plans.”

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