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CNH's Monferino Leaves CNH
NEW YORK - Feb 2/05 - SNS -- CNH Global N.V.'s President and Chief Executive Officer Paolo Monferino will leave CNH effective February 28, 2005 to become Chief Executive of Iveco S.p.a., the lead company of Fiat Group's Commercial Vehicle Sector.
The Board of Directors of CNH Global has appointed Harold Boyanovsky as interim Chief Executive Officer. Boyanovsky has been President, Construction Equipment Business for CNH since September 2002, and has almost 40 years of experience with CNH and two of its predecessor companies.
Monferino will remain on the CNH Board of Directors following his transition to Iveco. Boyanovsky will continue as President of the CNH Construction Equipment Business while serving as interim Chief Executive Officer of CNH. The CNH Board will review its options for a permanent replacement of the chief executive.
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