CNH Industrial named Gerrit Marx the designated CEO of its currently under development on-highway business, which is expected to assume independent operations in early 2022.

The new on-highway business will include the following brands and their respective activities: IVECO (heavy, medium and light commercial vehicles), IVECO ASTRA (heavy-duty trucks), IVECO BUS and Heuliez Bus (buses and coaches), Magirus (firefighting vehicles), Iveco Defence Vehicles (defense and civil protection vehicles), FPT Industrial (powertrain technologies) and Iveco Capital (financial services).

Marx joined CNH Industrial as president of commercial and specialty vehicles in January 2019. Marx has 20 years of experience in roles of increasing importance at organizations which include McKinsey & Company, Daimler, Skoda and, most recently, global equity firm Bain Capital. He has worked across different geographies and in a variety of industrial segments, with a specific focus on automotive industries.

“On behalf of the board of directors, I wish to congratulate Gerrit on this appointment. We are confident that his expertise in commercial vehicles, together with his demonstrated leadership of our commercial and specialty vehicles segment, will serve him well in taking the new company forward,” Suzanne Heywood, chair of CNH Industrial’s board of directors, said.