CNH Industrial, the owner of brands such as Case Construction Equipment, New Holland, Iveco and FPT, has announced the appointment of Scott W. Wine as its new chief executive officer, effective January 4, next year.

Announcing the new CEO appointment in a statement, CNH Industrial said that as a “proven leader with considerable international experience across a variety of industries, Wine has a track record of producing exceptional results”.

Wine joins CNH Industrial from North American company Polaris Inc. where he was CEO since 2008 and chairman and CEO since 2013. Polaris is a major player in all-terrain vehicles, motorcycles and industrial products segments with several globally recognised brands.

The CNH Industrial statement added that Prior to joining Polaris, Wine held executive positions with United Technologies Corporation, Danaher Corp. and Allied Signal Corp., which became Honeywell International, Inc. after a 1999 merger. He also served as a United States naval officer. Wine brings extensive expertise in mergers and acquisitions in the USA, Europe and Asia.

Suzanne Heywood, chair and acting CEO, CNH Industrial, said: “The Board is delighted at the appointment of Scott Wine, given his broad industrial experience and strategic expertise. Scott is committed to delivering the strategy that the company outlined at its Capital Markets Day in 2019, including the plan to spin-off its on-highway activities.”