CNH appoints Luis Abreu as Chief Information Officer, expanding the Global Leadership Team to enhance strategic IT capabilities.
Quiver AI Summary
CNH has announced the appointment of Luis Abreu as Chief Information Officer (CIO), effective January 13, 2024. He joins the company's Global Leadership Team, focused on implementing CNH's strategic priorities for growth. With over 20 years at CNH and its predecessor companies, Abreu has held various roles in IT, most recently serving as Acting CIO since August 2024. CEO Gerrit Marx praised his global expertise and leadership, stating that Abreu will enhance CNH's IT capabilities through innovative technologies, ultimately benefiting both internal operations and customers. CNH, a leader in the equipment and technology sector, continues its commitment to innovation, sustainability, and productivity in various markets, including agriculture and construction.
Potential Positives
- Appointment of Luis Abreu as Chief Information Officer (CIO) strengthens the Global Leadership Team with his over two decades of experience in IT within the company.
- Abreu's leadership as Acting CIO since August 2024 has been recognized, indicating stability and continuity in the IT leadership during the transition.
- The focus on leveraging cutting-edge technologies under Abreu's leadership is aimed at enhancing both internal operations and customer benefits, supporting CNH's strategic priorities for long-term growth.
- The press release emphasizes the company's commitment to innovation, sustainability, and productivity, aligning with its purpose of 'Breaking New Ground' and potentially improving market perception and stakeholder confidence.
Potential Negatives
- Appointment of a new CIO may indicate previous strategic or operational challenges within the IT organization.
- Heavy reliance on forward-looking statements suggests potential uncertainties and risks that could impact future performance.
FAQ
What is the recent appointment at CNH?
CNH has appointed Luis Abreu as Chief Information Officer (CIO) as part of the Global Leadership Team.
What is Luis Abreu's background?
Luis Abreu has over two decades of IT experience with CNH and its predecessor companies, most recently as Acting CIO.
What does the Global Leadership Team at CNH do?
The Global Leadership Team focuses on delivering CNH's strategic priorities for profitable long-term growth globally.
How will Luis Abreu impact CNH's IT organization?
Abreu aims to leverage cutting-edge technologies to enhance internal operations and benefit CNH's customers.
What is CNH's commitment to innovation?
CNH is dedicated to innovation, sustainability, and productivity to empower customers and drive success in various sectors.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
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Full Release
CNH announces Global Leadership Team appointment
Basildon, January 13, 2024
CNH (NYSE: CNH) today announces the appointment of Luis Abreu as Chief Information Officer (CIO). In this role, he joins the Company’s Global Leadership Team (GLT), which is empowered to carry out the fast and effective delivery of CNH’s strategic priorities for profitable long-term growth globally.
Mr. Abreu brings over two decades of experience with CNH and its predecessor companies. He began his career in IT in 2005 at truck and bus manufacturer Iveco (now part of Iveco Group), subsequently assuming roles of increasing importance, and most recently serving as Acting CIO.
“Luis's extensive global and regional expertise with our IT organization ideally positions him for this role. Since August 2024, he has demonstrated his leadership as Acting CIO, and we are confident in his ability to further advance our IT organization. By leveraging cutting-edge technologies, he will continue to enhance our capabilities, benefiting both our internal operations and our customers,” said Gerrit Marx, Chief Executive Officer at CNH.
CNH Industrial
(NYSE: CNH) is a world-class equipment, technology and services company. Driven by its purpose of Breaking New Ground, which centers on Innovation, Sustainability and Productivity, the Company provides the strategic direction, R&D capabilities, and investments that enable the success of its global and regional Brands. Globally,
Case IH
and
New Holland
supply 360° agriculture applications from machines to implements and the digital technologies that enhance them; and
CASE
and
New Holland Construction Equipment
deliver a full lineup of construction products that make the industry more productive. The Company’s regionally focused Brands include:
STEYR
, for agricultural tractors;
Raven
, a leader in digital agriculture, precision technology and the development of autonomous systems;
Hemisphere
, a leading designer and manufacturer of high-precision satellite-based positioning, and heading technologies;
Flexi-Coil
, specializing in tillage and seeding systems;
Miller
, providing tillage, seeding and hay & forage implements; and
Eurocomach,
producing a wide range of
mini and midi excavators for the construction sector, including electric solutions.
Across a history spanning over two centuries, CNH has always been a pioneer in its sectors and continues to passionately innovate and drive customer efficiency and success. As a truly global company, CNH’s 40,000+ employees form part of a diverse and inclusive workplace, focused on empowering customers to grow, and build, a better world.
For more information and the latest financial and sustainability reports visit:
cnh.com
For news from CNH and its Brands visit:
media.cnh.com
Contacts:
Media Relations
Email:
mediarelations@cnh.com
Investor Relations
Email:
investor.relations@cnh.com
Forward-looking Statements
All statements other than statements of historical fact contained in this press release
including competitive strengths; business strategy; future financial position or operating results; budgets; projections with respect to revenue, income, earnings (or loss) per share, capital expenditures, dividends, liquidity, capital structure or other financial items; costs; and plans and objectives of management regarding operations and products, are forward-looking statements. Forward-looking statements also include statements regarding the future performance of CNH and its subsidiaries on a standalone basis. These statements may include terminology such as “may”, “will”, “expect”, “could”, “should”, “intend”, “estimate”, “anticipate”, “believe”, “outlook”, “continue”, “remain”, “on track”, “design”, “target”, “objective”, “goal”, “forecast”, “projection”, “prospects”, “plan”, or similar terminology. Forward-looking statements are not guarantees of future performance. Rather, they are based on current views and assumptions and involve known and unknown risks, uncertainties and other factors, many of which are outside our control and are difficult to predict. If any of these risks and uncertainties materialize (or they occur with a degree of severity that the Company is unable to predict) or other assumptions underlying any of the forward-looking statements prove to be incorrect, including any assumptions regarding strategic plans, the actual results or developments may differ materially from any future results or developments expressed or implied by the forward-looking statements.
Factors, risks and uncertainties that could cause actual results to differ materially from those contemplated by the forward-looking statements include, among others: economic conditions in each of our markets, including the significant uncertainty caused by geopolitical events; production and supply chain disruptions, including industry capacity constraints, material availability, and global logistics delays and constraints; the many interrelated factors that affect consumer confidence and worldwide demand for capital goods and capital goods-related products, changes in government policies regarding banking, monetary and fiscal policy; legislation, particularly pertaining to capital goods-related issues such as agriculture, the environment, debt relief and subsidy program policies, trade and commerce and infrastructure development; government policies on international trade and investment, including sanctions, import quotas, capital controls and tariffs; volatility in international trade caused by the imposition of tariffs, sanctions, embargoes, and trade wars; actions of competitors in the various industries in which we compete; development and use of new technologies and technological difficulties; the interpretation of, or adoption of new, compliance requirements with respect to engine emissions, safety or other aspects of our products; labor relations; interest rates and currency exchange rates; inflation and deflation; energy prices; prices for agricultural commodities and material price increases; housing starts and other construction activity; our ability to obtain financing or to refinance existing debt; price pressure on new and used equipment; the resolution of pending litigation and investigations on a wide range of topics, including dealer and supplier litigation, intellectual property rights disputes, product warranty and defective product claims, and emissions and/or fuel economy regulatory and contractual issues; security breaches, cybersecurity attacks, technology failures, and other disruptions to the information technology infrastructure of CNH and its suppliers and dealers; security breaches with respect to our products; our pension plans and other post-employment obligations; political and civil unrest; volatility and deterioration of capital and financial markets, including pandemics (such as the COVID-19 pandemic), terrorist attacks in Europe and elsewhere; the remediation of a material weakness; our ability to realize the anticipated benefits from our business initiatives as part of our strategic plan; including targeted restructuring actions to optimize our cost structure and improve the efficiency of our operations; our failure to realize, or a delay in realizing, all of the anticipated benefits of our acquisitions, joint ventures, strategic alliances or divestitures and other similar risks and uncertainties, and our success in managing the risks involved in the foregoing.
Forward-looking statements are based upon assumptions relating to the factors described in this
press release,
which are sometimes based upon estimates and data received from third parties. Such estimates and data are often revised. Actual results may differ materially from the forward-looking statements as a result of a number of risks and uncertainties, many of which are outside CNH’s control. CNH expressly disclaims any intention or obligation to provide, update or revise any forward-looking statements in this announcement to reflect any change in expectations or any change in events, conditions or circumstances on which these forward-looking statements are based.
Further information concerning CNH, including factors that potentially could materially affect its financial results, is included in the Company’s reports and filings with the U.S. Securities and Exchange Commission ("SEC").
All future written and oral forward-looking statements by CNH or persons acting on the behalf of CNH are expressly qualified in their entirety by the cautionary statements contained herein or referred to above.
Additional factors could cause actual results to differ from those expressed or implied by the forward-looking statements included in the Company’s filings with the SEC (including, but not limited to, the factors discussed in our 2023 Annual Report and subsequent quarterly reports).
Attachment
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