03.01.2008

CNH announces new president and CEO

CNH has appointmented a new president and CEO of New Holland Construction Equipment. Giuseppe Fano took over as of January 1 and will report to the president and CEO of CNH, Harold Boyanovsky.

Mr. Fano takes over from Franco Fenoglio who has resigned after more than two years with the company 'to pursue other interests'.

Fano joined CNH in 2006 and was recently vice president sales and marketing, Europe of New Holland Construction, a position he continues in the short term.

He is also president and CEO of New Holland Kobelco Construction Machinery S.p.A. From 1996 to 2006 he held leading positions with Ingersoll Rand and also serves as President of Comamoter (the Italian Association of construction machinery manufacturers).

"I am delighted to have Giuseppe assume a key role at CNH," said Mr. Boyanovsky. "His background and expertise will support the further development of New Holland Construction. I thank Franco for his leadership and contribution provided to the company. He has been instrumental in creating renewed excitement about the brand through his customer and market focus, and we wish him the best in his future endeavors."