CNH Industrial N.V. announced that Richard Tobin is stepping down as Chief Executive Officer and as a Director of CNH Industrial to pursue another executive opportunity. Mr. Tobin's departure will be effective April 27, 2018, following announcement of the company's financial results for the fiscal quarter ending March 31, 2018. The Board of Directors has appointed Derek Neilson as interim CEO. Mr. Neilson has nearly two decades of experience with CNH Industrial and most recently served as Chief Operating Officer EMEA and President of the company's Commercial Vehicles Products Segment. From 2012 to 2015 he served as the Group's Chief Manufacturing
Officer.