Fiat Industrial S.p.A. and CNH Global N.V. last week announced that chief financial officer, Pablo Di Si, resigned to pursue other interests. Effective immediately, Massimiliano (Max) Chiara will take over as CFO of both Fiat Industrial and CNH.
Most recently, Chiara was the chief financial officer and head of business development for Fiat Automobiles Latin America. Prior to his assignment in FIASA, Chiara was the head of financial planning and analysis and business development finance for Fiat S.p.A. and Chrysler Group LLC.
"The appointment of Max Chiara is clear evidence of the attention we have placed in both Fiat and Fiat Industrial on the development of the next generation of leaders," said Sergio Marchionne, chairman of Fiat Industrial and CNH. "Max has demonstrated an exceptional level of engagement and know-how in the various positions he has held within the Fiat world. He will be of great assistance to Rich Tobin, currently chief operating officer of Fiat Industrial and chief executive of CNH, who has gone through a similar intense career progression in the last 20 years during which he and I worked together. Rich will be assuming the position of chief executive of CNH Industrial upon completion of the merger between Fiat Industrial and CNH."