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FIAT INTERNATIONAL ANNOUNCES REORGANIZATION
Source: Fiat Industrial news release

Fiat Industrial S.p.A. is pleased to announce organizational changes effective immediately.

With the objective of enhancing the operational integration of Fiat Industrial S.p.A. and CNH Global N.V., Fiat Industrial S.p.A. is announcing the formation of a Group Executive Council ("GEC"), the creation of 4 Regional Chief Operating Officer positions and a Chief Financial Officer, all reporting to a Group Chief Operating Officer.

Richard Tobin is appointed Group Chief Operating Officer of Fiat Industrial S.p.A. He will also retain the role of CEO and President, CNH Global N.V.

The Group Executive Council (GEC) is the highest executive decision making body within Fiat Industrial outside of its Board of Directors1. It is responsible for reviewing the operating performance of the businesses, setting performance targets, making key strategic decisions and investments for the Group, making capital allocations and sharing best practices, including the development and deployment of key human resources.

The GEC will have four main groupings.

The first is composed of four Regional Operating Groups integrating Agricultural Equipment, Construction Equipment, and Commercial Truck businesses, plus Powertrain (FPT Industrial). Each will be the responsibility of a Chief Operating Officer (COO) who will drive the organization via a regional Management Team (subject of a separate announcement).

The COOs are accountable for Profit and Loss of their region/business, the management of regional resources, including manufacturing and commercial activities.

The COOs appointed to the GEC are as follows:

*NAFTA: Richard Tobin

*Europe, Middle East, and Africa: Andreas Klauser

*Latin America: Marco Mazz¨

*APAC: Franco Fusignani

*Powertrain: Giovanni Bartoli

The second grouping is reflective of the Group's focus and emphasis on its brands. Each of the global brands is represented in the GEC, and their responsibility will be to improve and develop an appropriate brand portfolio and to assist in the development of adequate commercial and marketing strategies in each of the Group's operating regions.

The Brand Heads appointed to the GEC are as follows:

*Case IH: Andreas Klauser

*New Holland Agriculture: Franco Fusignani

*Case Construction: Mario Gasparri

*New Holland Construction: Mario Gasparri

*Iveco: Andreas Klauser (ad interim)

*Parts and Service: Dino Maggioni

The third group is composed of industrial leaders, who will drive consistency and rigor across the operating regions, and optimize the capital allocation choices the Group will face in the years to come.

*Chief Technical Officer: Dario Ivaldi

*Chief Manufacturing Officer: Derek Neilson

*Chief Quality Officer: Brad Crews

*Chief Purchasing Officer: Osias Galantine

The final group is composed of support / corporate functions.

*Financial Services: TBA

*Business Development: Alessandro Nasi

*Chief Financial Officer: Pablo Di Si

*Chief Human Resources Officer: Linda Knoll

The Group will utilize Alessandro Nasi as the GEC Coordinator.

"The new organization announced today represents a key step in the integration of Fiat Industrial and CNH", commented Sergio Marchionne, Chairman of Fiat Industrial and CNH.

"These appointments are the result of an extensive process of evaluation of the technical and leadership skills of Richard Tobin and the individuals who have been appointed to GEC. We recognize in these leaders, who reflect the truly international profile of our businesses, the ability to ensure Fiat Industrial's place as one of the strongest competitors in the global capital goods marketplace."

"It has been a privilege for me to have the opportunity to lead this group of people and see them grow, to watch them as they transform challenge into success and into faith in themselves and what they can achieve."


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