A maker of farm and construction machinery sold under brands like Case IH, New Holland Agriculture, and Steyr — the red and blue tractors and combines that work fields worldwide. Its name comes from a 1999 merger in which Fiat joined the Case Corporation and New Holland, whose initials spell "CNH"; Case traces to 1842 and New Holland to 1895. A fun chapter: the four-wheel-drive Steiger tractor began as a machine two Minnesota brothers built in a barn from salvaged truck parts.
CNH Industrial announces retirements of CTO Jay Schroeder and Agriculture CCO Stefano Pampalone
Jay Schroeder, Chief Technology Officer, will retire effective January 1, 2027.
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Stefano Pampalone, Agriculture Chief Commercial Officer, will retire effective September 1, 2026.
Eric Shuman, currently Vice President, Precision Technology Product Management, will be appointed Chief Technology Officer on January 1, 2027.
Upon Pampalone's retirement, Chun Woytera becomes Chief Product & Sustainability Officer, Carlo Materazzo becomes Chief Manufacturing & Quality Officer, and Markus Müller becomes President, EMEA and Parts & Service.
Both retirees are expected to remain with the company in advisory capacities to support leadership transitions.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits
CNH Industrial shareholders approve all 2026 AGM proposals, including $0.10 dividend.
At the May 8, 2026 Annual General Meeting, 94.44% of outstanding voting shares were present, with 1,504,800,261 voting rights represented.
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All nine director nominees were re-appointed or appointed to one-year terms, including executive directors Suzanne Heywood and Gerrit Marx.
Shareholders approved a cash dividend of $0.10 per common share, totaling approximately $124.2 million, payable May 29, 2026 to holders of record May 21, 2026.
Advisory say-on-pay and say-on-frequency resolutions passed, with shareholders favoring annual future say-on-pay votes.
The 2025 financial statements, re-appointment of Deloitte Accountants B.V. and Deloitte & Touche LLP, and board authorizations for share issuance and buybacks were all approved.
5.07 Submission of Matters to a Vote of Security Holders · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
CNH extends €3.25B credit facility maturity to April 18, 2031
On March 26, 2026, CNH Industrial N.V. and Citibank Europe Plc, UK Branch as facility agent agreed to extend the maturity date of the €3.25 billion credit facility to April 18, 2031.
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The amendment is documented in an Extension Letter Agreement dated March 26, 2026, filed as Exhibit 10.1.
As of the date of the credit agreement, no borrowings were outstanding under the facility.
CNH may borrow and repay under the credit facility from time to time.
1.01 Entry into a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 9.01 Financial Statements and Exhibits
CNH Industrial directors Asa Tamsons and Richard J. Kramer to step down at 2026 Annual Meeting
The departures are not due to any disagreement with the Company on operations, policies, or practices.
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On March 24, 2026, directors Asa Tamsons and Richard J. Kramer notified the Board they will not stand for re-election.
Their terms as directors will end at the conclusion of the 2026 Annual Stockholders Meeting.
The Company nominated Richard Palmer and Lorenzo Simonelli for election to replace them, based on the Governance and Sustainability Committee's recommendation.
The Company thanked Tamsons and Kramer for their service on the Board.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements