CNH Global today announced that president and CEO, Harold Boyanovsky, will retire on Dec. 31. Chief financial officer, Richard Tobin, will become president and CEO of CNH, effective Jan. 1. 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, 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,” said Sergio Marchionne, chairman of Fiat Industrial and of the board of directors of CNH. “During his career, he led CNH through a period of tremendous growth and diversification that transformed the company into the CNH we know today. Thanks to his leadership, the company is financially strong and well-positioned to continue as a leader in agricultural and construction equipment.”
Richard Tobin has been CFO of CNH since March 2010 and brings deep experience leading multinational industrial companies to his new role as CEO. Tobin joined CNH from SGS Group Geneva, where in June 2004 he was appointed CFO and head of information technology. Prior to that time, he was chief operating officer of SGS North America. In addition, Tobin held management positions with Alcan Aluminum of Montreal Canada, the Alusuisse Lonza Group of Zurich, Switzerland, and GTE Corp. of Stamford, Conn.
“Richard has been a key member of the leadership team since he joined the Group in the early part of 2010,” said Boyanovsky. “His operational, sales, marketing and financial experience throughout his international career uniquely qualify him to lead CNH into the future.”
Rossotto, who will assume the role of CNH CFO Jan. 1, will retain responsibility as treasurer and head of financial services for Fiat Industrial. Since joining the Fiat Group in 1989, Rossotto has held a number of roles within Fiat’s finance group in Italy, Germany and Brazil, as well as in the United States, as CFO of CNH Capital.
CNH Global is headquartered in Burr Ridge, Ill.