Fiat Reorganizes Management to Ease Merger with CNH

Fiat Industrial reorganized its management structure in order to make it easier to merge with its U.S. subsidiary, equipment maker CNH Global. Fiat already owns 88 percent of CNH, which is parent of the Case, New Holland and Kobelco construction equipment brands.

Fiat Industrial, which makes trucks, agriculture and construction equipment, said it created a 20-seat Group Executive Council, which will be headed by Chairman Sergio Marchionne and CNH CEO Richard Tobin in the new position of group chief operating officer.

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