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Boyanovsky to retire as CEO of CNH Global

Dec. 2, 2011 - CNH Global has announced that its president and CEO, Harold Boyanovsky, will retire on Dec. 31. CFO Richard Tobin, will become president and CEO of CNH, effective Jan. 1. Camillo Rossotto, treasurer and head of financial services for Fiat Industrial, will assume the role of CFO of CNH, effective Jan. 1, while retaining his current responsibilities.


December 2, 2011
By CNH Global

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.

"Harold is a true leader. During his career, he led CNH through a
period of tremendous growth and diversification that transformed the
company into the CNH we know today," said Sergio Marchionne, chairman
of Fiat Industrial and of the CNH board of directors. "Thanks to
his leadership, the company is financially strong and well-positioned
to continue as a leader in agricultural and construction equipment.
On behalf of the board, I would like to recognize and thank Harold
for his accomplishments and many years of dedicated service."

Richard Tobin has been CFO of CNH since March
2010, and brings deep experience leading multinational industrial
companies to his new role as CEO. Tobin joined CNH from SGS Group
in Geneva, Switzerland, where in June, 2004, he was appointed CFO and head of information technology. Prior to that
time, he was COO of SGS North America. In
addition, Tobin held management positions with Alcan Aluminum of
Montreal Que, the Alusuisse Lonza Group of Zurich, Switzerland, and
GTE Corporation of Stamford, Conn.

"Richard has been a key member of the leadership team since he joined
the group in the early part of 2010. His operational, sales,
marketing and financial experience throughout his international
career uniquely qualify him to lead CNH into the future," said Boyanovsky.

"I have known and worked with Rich Tobin for nearly two decades,
during which he held positions of increasing responsibility, both in
terms of geographical coverage and business reach. He is a solid,
reliable leader who is ideally suited to take CNH to the next stage
of development. I welcome him as chief executive with the fullest
support that the board of directors and I can provide him," said
Sergio Marchionne.

Camillo Rossotto will assume the role of CFO of
CNH, effective Jan. 1, 2012, and will retain responsibility as treasurer and head of financial services for Fiat Industrial. Since
joining the Fiat Group in 1989, Rossotto has held a number of
roles within Fiat's finance group in Italy, Germany and Brazil, as
well as in the United States, as CFO of CNH
Capital.

CNH Global N.V. is a world leader in the agricultural and
construction equipment businesses. Supported by approximately 11,300
dealers in approximately 170 countries, CNH brings together the
knowledge and heritage of its Case and New Holland brand families
with the strength and resources of its worldwide commercial,
industrial, product support and finance organizations. CNH Global is a majority-owned subsidiary of Fiat Industrial.

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