CNH Industrial N.V. (NYSE: CNHI / MI: CNHI), one of the world’s largest capital goods companies, announced today it is laying the foundation for accelerated global growth and profitability by changing its organizational structure and strengthening and focusing its Global Executive Committee (“GEC”, formerly named “Group Executive Council”). The GEC is the operational decision-making body of CNH Industrial, which is responsible for reviewing the operating performance of the segments and making decisions on certain operational matters.
“Our industry is experiencing an ever-accelerating rate and growing magnitude of change fueled by megatrends such as digitalization, automation, electrification and servitization. Companies need to adapt, change and revitalize themselves continuously in order to meet these business challenges and successfully generate long-term value,” said Hubertus Mühlhäuser, Chief Executive Officer, CNH Industrial.
Consequently, the leadership of CNH Industrial conducted a detailed review into the way the Company does business. The assessment included, among other things, obtaining feedback from its customers and channel partners, reviewing internal processes and systems, as well as taking a close look at its organizational structure and governance.
“While we found numerous areas of excellence, as indicated by our continued strong yearover-year performance, we also identified opportunities for improvement, such as changing our organizational set-up into the new organizational structure presented today,” noted Mr. Mühlhäuser.
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SOURCE: CNH Industrial
