CNH announces appointments to Global Leadership Team

Rhea-AI Summary

CNH (NYSE:CNHI) announced appointments to its Global Leadership Team effective January 1, 2026: Carlo Materazzo as Chief Manufacturing Officer and Britton Worthen as Chief Legal and Compliance Officer.

Materazzo will oversee global agriculture industrial operations across five regions and 15 countries and brings over 20 years of international manufacturing, operations, and logistics experience. Worthen will serve as Board Secretary and advise on legal strategy, compliance, and corporate governance. The company also acknowledged the retirement of longtime Chief Legal and Compliance Officer and Board Secretary Roberto Russo.

Positive

• Appointments effective January 1, 2026
• Manufacturing scope covers five regions and 15 countries
• Materazzo experience over 20 years in manufacturing and logistics
• Worthen role includes Board Secretary and legal/compliance oversight

Negative

• Departure of longtime Chief Legal and Compliance Officer Roberto Russo

Key Figures

Current price $11.45 Pre-news close vs 52-week range $11.45–$15.74

52-week high discount -27.26% Price vs 52-week high of $15.74

Global operations footprint 5 regions, 15 countries Scope of agriculture industrial operations under new Chief Manufacturing Officer

Employees 35,000+ employees Global workforce referenced in company description

Q2 2025 revenue $4.71 bn Total revenues, down 14% YoY

Q2 2025 diluted EPS $0.17 vs $0.32 Diluted EPS, reflecting earnings contraction

Operating cash flow $934 m Q2 2025 operating cash flow after working-capital release

Cash & restricted cash $3.15 bn End of Q2 2025 balance, down $719 m year-to-date

Market Reality Check

$11.45 Last Close

Volume Volume 6,444,450 vs 20-day average 7,840,794 (relative volume 0.82). normal

Technical Price positioned below 200-day MA of 11.37 with shares at 11.45 pre-news.

Market Pulse Summary

This announcement details appointments of new Chief Manufacturing and Chief Legal & Compliance Officers, reinforcing CNH’s focus on operational excellence and governance. With shares previously at $11.45, matching the 52-week low, the backdrop included earlier revenue and EPS pressure highlighted in 2025 filings. Investors may monitor how the refreshed leadership team influences global manufacturing execution, legal risk management, and progress on productivity and innovation across CNH’s 5 regions and 15 countries.

Key Terms

autonomous systems technical

"Raven, a leader in digital agriculture, precision technology and the development of autonomous systems;"

Autonomous systems are machines or technology that can operate and make decisions on their own, without needing constant human guidance. They use sensors, software, and rules to perform tasks independently, much like a self-driving car navigating traffic. For investors, understanding autonomous systems is important because they are transforming industries, increasing efficiency, and creating new opportunities for innovation and growth.

satellite-based positioning technical

"Hemisphere, a leading designer and manufacturer of high-precision satellite-based positioning, and heading technologies;"

Satellite-based positioning uses signals from orbiting satellites to determine a device’s precise location and time, like a constellation in the sky acting as a global map and clock. Investors care because this capability underpins navigation, fleet tracking, autonomous systems, timing for financial networks, and location-based services; changes in its accuracy, availability, or regulation can directly affect revenue, costs, and competitive positions across many industries.

precision technology technical

"Raven, a leader in digital agriculture, precision technology and the development of autonomous systems;"

Precision technology means tools and systems that control, measure or make things with very tight accuracy—think machinery, sensors, or software that can position, cut or detect at tiny scales. Investors care because these capabilities often determine product quality, manufacturing cost and the ability to scale or meet safety rules; companies that master precision technology can win customers, charge higher prices and face fewer competitors, like a watchmaker vs. a factory that stamps parts roughly.

AI-generated analysis. Not financial advice.

CNH announces appointments to Global Leadership Team

• Carlo Materazzo appointed as Chief Manufacturing Officer
• Britton Worthen appointed as Chief Legal & Compliance Officer

Basildon, January 2, 2026

CNH (NYSE: CNH) announces the appointments of Carlo Materazzo as Chief Manufacturing Officer and Britton Worthen as Chief Legal and Compliance Officer to its Global Leadership Team, effective January 1, 2026.

These appointments reinforce CNH’s commitment to operational excellence, innovation, and strong governance as the Company continues to drive growth and transformation across its global operations.

Carlo Materazzo assumes the role of Chief Manufacturing Officer, responsible for global agriculture industrial operations across five regions and 15 countries. Mr. Materazzo brings over 20 years of international experience in manufacturing, operations, and logistics.

Britton Worthen joins CNH as Chief Legal and Compliance Officer, bringing extensive experience in legal strategy, compliance, and corporate governance. Mr. Worthen will advise the Company’s governing bodies on key legal issues and risks. He will also serve as Board Secretary to the CNH Board of Directors.

Gerrit Marx, Chief Executive Officer at CNH: “These appointments reflect CNH’s ongoing commitment to strengthening our leadership team with world-class talent. Carlo and Britton bring a wealth of experience and proven track records in their respective fields, and I am confident they will play pivotal roles in advancing our strategic priorities. I would also like to extend my sincere gratitude to Roberto Russo for his longstanding service to CNH as Chief Legal and Compliance Officer and Board Secretary, wishing him all the best for his retirement; and to Carlos Santiago for his contributions to our Manufacturing organization.”

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, manufacturing application equipment; 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 35,000+ 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

Attachment

• 20260102_PR_CNH_GLT_Announcements

FAQ

Who did CNH (CNHI) appoint to its Global Leadership Team on January 1, 2026?

CNH appointed Carlo Materazzo as Chief Manufacturing Officer and Britton Worthen as Chief Legal and Compliance Officer, effective January 1, 2026.

What responsibilities will Carlo Materazzo have at CNH (CNHI)?

Carlo Materazzo will oversee global agriculture industrial operations across five regions and 15 countries as Chief Manufacturing Officer.

What experience does Britton Worthen bring to CNH (CNHI)?

Britton Worthen brings extensive experience in legal strategy, compliance, and corporate governance and will serve as Board Secretary.

When did CNH (CNHI) make these leadership changes official?

The appointments were announced January 2, 2026, and became effective January 1, 2026.

Did CNH (CNHI) note any executive departures tied to the appointments?

Yes, CNH acknowledged the retirement of longtime Chief Legal and Compliance Officer and Board Secretary Roberto Russo.