CNH NAMES GERRIT MARX AS CEO: Mr. Marx returns to CNH from Iveco Group, succeeding Scott W. Wine who has decided to leave the Company having successfully overseen the delivery of the 2021 Business Pla

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Go back to CNH NAMES GERRIT MARX AS CEO: Mr. Marx returns to CNH from Iveco Group, succeeding Scott W. Wine who has decided to leave the Company having successfully overseen the delivery of the 2021 Business Pla

Bernstein SocGen Group Has 3 Problems with CNH Industrial NV (CNHI) CEO Change

April 23, 2024 6:02 AM EDT

Bernstein SocGen Group analyst Nicholas Green reiterated a Market Perform rating and $13.00 price target on CNH Industrial NV (NYSE: CNHI).

The analyst comments "CNH Industrial has announced CEO Scott Wine will step down effective 1 July 2024. In joining the dots on this surprise announcement, we find three worrying messages for investors. (1) Why leave now? Inconsistencies raise more questions than they answer. Per the company, Wine would not commit to stay for the full term of a new 3-year business plan, and so agreed to step aside in favour of a CEO who would.... More