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CNH Industrial appoints CEO

CNH Industrial NV appointed Hubertus Mühlhäuser as CEO, effective Sept. 17.

Mühlhäuser replaces Richard Tobin, who stepped down in April. He moves over from Welbilt Inc. where he was director, president and CEO.

The company expects to hold an extraordinary shareholders meeting seeking approval for Mühlhäuser's appointment as a director.

Interim CEO Derek Neilson will continue in his role of COO for Europe, the Middle East and Africa region, and president of the commercial vehicles segment.