CNH Industrial appoints Suzanne Heywood as officiating CEO

CNH Industrial
The Board of CNH Industrial has appointed Suzanne Heywood as Acting Chief Executive Officer, in addition to her role as Chair of the Board, to lead the business through this current unprecedented period and until a new permanent CEO has been identified by means of a thorough search process. The company is a global leader in the capital goods sector; each of the individual brands belonging to the Company is a major international force in its specific industrial sector: Case IH, New Holland Agriculture and Steyr for tractors and agricultural machinery; Case and New Holland Construction for earth Iveco Astra for quarry and construction vehicles. Suzanne Heywood, who is also Managing Director of Exor, CNH Industrial's largest shareholder, has been Chair of CNH Industrial since July 2018. Prior to joining Exor, she was a Senior Partner at McKinsey & Company where she led the firm's Global Organization Design business prior to which she worked in the UK Treasury. Suzanne Heywood is also a Board Member of the Economist and a Non-Executive Director of Chanel. In her combined role, she will chair the Group's Global Executive Committee to provide the business with leadership during the coming months. Meeting under her leadership, the Board also unanimously agreed on the appointment of Oddone Incisa as Chief Financial Officer, in addition to his current role as President, Financial Services. Incisa began his career with the Fiat Group in 1997 at Fiat Bank in Germany, and in 2001 was named Chief Financial Officer (CFO) of Banco Fiat, Brazil. In 2003 he was appointed Head of Financial Planning & Analysis, Fidis Retail and FGA Capital, Italy, and in 2008 was nominated CFO, CNH Capital, based in the U.S. From 2011 to 2013 he held the position of CEO and General Manager, FGA Capital (now FCA Bank). He succeeds Max Chiara, outgoing Chief Financial and Sustainability Officer, who will remain available to support the new CFO's transition over the next two weeks when Max Chiara will leave CNH Industrial to take up a new position. The Board also confirmed its continued strong support for the Group's “Transform 2 Win” strategy devised under the leadership of Mr. Mühlhäuser, including the spin-off of CNH Industrial's 'On-Highway' assets (commercial vehicles and powertrain segments) that will be listed alongside the group's 'Off-Highway' assets (agriculture, construction and specialty segments). The two resulting distinct world-leading businesses will each focus on creating value in their respective areas of activity.

IMF projects 11.5% growth rate for India in 2021 fiscal

The International Monetary Fund in its latest World Economic Outlook Update has released a projected 11.5 per cent growth rate for the Indian economy during 2021-22 fiscal thereby reflecting a resounding recovery Read More ...

Medha Servo Drives wins ₹2,211-cr rail equipment orders

The Indian Railways has awarded projects worth ₹2,211 crore to Hyderabad-based firm Medha Servo Drives for procurement of equipment for manufacturing additional rakes of Vande Bharat train sets. The contract is Read More ...

Migsun Group launches ₹250-cr project in Noida

Migsun Group, in a joint venture, has decided to build a 103-acre township in Greater Noida and to invest ₹250 crore to construct phase-1 of the project. MD Yash Miglani informed that it bought 37.5-acre Read More ...

GPT Infraprojects bags rail bridge contract in Assam

GPT Infraprojects has secured an order worth ₹64.10 crore from Office of the General Manager, Northeast Frontier Railway, Maligaon, Guwahati in Assam. The order, which has been won in a joint venture with 51 per cent Read More ...

Brigade Group launches ₹1,100-cr project in Hyderabad

The Bengaluru-based property builder, Brigade Group, has launched ₹1,100 crore residential project at Moti Nagar, Hyderabad. The project named as Brigade Citadel spreads over an area of 11 acres Read More ...

MSRDC expedites ₹1,222-cr tunnelling project

The Maharashtra State Road Development Corporation (MSRDC), which is responsible to execute the 5.4km Turbhe-Kharghar tunnel project, has taken initiatives to speed up the project involving an Read More ...

GHMC hastens ₹333-cr two-way flyover project

The Greater Hyderabad Municipal Corporation (GHMC) has fast-tracked the construction work on the Osmania University Colony flyover at Shaikpet, which is aimed at easing traffic congestion Read More ...

UltraTech Cement amongst India’s 30 Best Workplaces in Manufacturing – 2021

UltraTech Cement, the largest manufacturer of grey cement, white cement and ready-mix concrete in India, has been recognized amongst ‘India’s 30 Best Workplaces in Manufacturing – 2021’ by Great Read More ...

AAI unveils expansion of Rajamahendravaram airport

Airports Authority of India (AAI) has planned to upgrade the Rajamahendravaram airport located between Vijayawada and Visakhapatnam to cater to the requirement of wide-bodied aircraft. The project, which entails Read More ...

SER expedites four-lane road project in Odisha

The South Eastern Railway (SER) has decided to complete the stalled four-lane road stretch between BSNL office and Basanti Colony directly connecting the newly-constructed Rourkela railway station project Read More ...

MoRTH sets to surpass 11,000-km road-building targets

With more than 8,000 km of national highways built from 1st April 2020 to 15th January 2021 clocking an increase of 8% over the corresponding period in the last financial year, the road transport and highways Read More ...

L&T wins tunnelling contract from RVNL in Uttarakhand

The construction arm of L&T has secured a contract for heavy civil infrastructure business from Rail Vikas Nigam Limited (RVNL) for Package 4 of the New Broad-Gauge Line between Rishikesh and Karanprayag Read More ...

Karnataka gets 13 NH projects worth ₹21,000-cr

The construction of 13 highway projects with a length of 847 km costing ₹21,000 crore in North Karnataka has been approved. The Union Transport Minister has laid the foundation stone for the construction of an Read More ...

NHAI floats tender for ₹1,788-cr road contract

The National Highway Authority has floated tender for 4-laning of BC Road and Gundya-Bengaluru-Mangaluru highway, entailing an investment of ₹1,788.62 crore. The 63-km long stretch is a crucial link passing Read More ...

PNC Infratech secures funds for ₹2,052-cr road projects

PNC Infratech's wholly-owned subsidiary, PNC Bithur Kanpur Highways, has achieved financial closure for highway projects it won on hybrid annuity mode. The contract comprises the four-laning of Aligarh-Kanpur Read More ...

NHSRCL to expedite the process to prepare DPR for Bullet Train projects

National High-Speed Rail Corporation (NHSRCL) has awarded tender to carry out an aerial LiDAR survey for Delhi-Ahmedabad and Mumbai-Nagpur high-speed rail corridor. NHSRCL spokesperson, Sushma Gaur Read More ...
NBM&CW

New Building Material & Construction World

New Building Material & Construction World
MGS Architecture

Modern Green Structures & Architecture

Modern Green Structures & Architecture
L&ST

Lifting & Specialized Transport

Lifting & Specialized Transport
II&TW

Indian Infrastructure & Tenders Week

Indian Infrastructure & Tenders Week