CNH Global N.V. has announced that president and CEO, Harold Boyanovsky, will retire on Dec. 31, 2011.
Chief Financial Officer, Richard Tobin, will become President and CEO of CNH, effective Jan. 1, 2012. Camillo Rossotto, treasurer and head of financial services for Fiat Industrial S.p.A., will assume the role of chief financial officer of CNH, effective Jan. 1, 2012, while retaining his current responsibilities.
Boyanovsky, 67, has served as president and CEO of CNH since March 2005. In 1966, he began his career in field sales with International Harvester. During this time he held various positions of increasing responsibility before becoming CEO of CNH, including senior vice president and general manager for North America, president of worldwide agricultural equipment products, and president of the construction equipment business.
"Harold is a true leader. During his career, he led CNH through a period of tremendous growth and diversification that transformed the company into the CNH we know today," said Sergio Marchionne, chairman of Fiat Industrial and of the board of directors of CNH.
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