MILAN (Reuters) – Italian-American vehicle maker CNH Industrial (NYSE:) said on Tuesday it had appointed Francesco Tanzi as chief financial officer of its commercial vehicle unit Iveco after its planned spin-off early next year.
CNH Industrial said in 2019 it planned to split in two and separately list its lower-margin Iveco truck and bus units along with its FPT engine division to boost asset values and streamline its businesses.
Tanzi will join Iveco on Jan. 1 after stepping down from his role as CFO at tyre manufacturer Pirelli, a position he has held for the past 12 years.
Earlier this year CNH Industrial, which is controlled by Exor (OTC:), the holding company of Italy’s Agnelli family, nominated its president for commercial and speciality vehicles unit Gerrit Marx as chief executive of the new Iveco group.
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