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CNH Industrial CEO to step down

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CNH Industrial CEO to step down

CNH Industrial NV said Richard Tobin is stepping down as CEO and director, effective April 27, to pursue another executive opportunity.

The board of directors has appointed Derek Neilson as interim CEO. Neilson recently served as president of the company’s commercial vehicles products segment. From 2012 to 2015 he was the group's chief manufacturing officer.