TORINO

Olof Persson to replace Gerrit Marx as CEO of Iveco Group starting from July 2024

Retrieved on: 
Sunday, April 21, 2024
Cerberus, Bombardier Transportation, Agriculture, Transport, Volvo, Volvo Construction Equipment, Capital market, IDV, Iveco, IVG, CNHI, Volvo Aero, Senior, FPT Industrial, IVECO, CNH Industrial, EXM, ASTRA, ABB, Management

The Board of Iveco Group N.V. (EXM: IVG) (or “the Group”) announces that Olof Persson will succeed Gerrit Marx as Group CEO when the latter leaves the Group to take up his appointment as the CEO of CNH Industrial N.V. (NYSE: CNHI) on 1st July 2024.

Key Points: 
  • The Board of Iveco Group N.V. (EXM: IVG) (or “the Group”) announces that Olof Persson will succeed Gerrit Marx as Group CEO when the latter leaves the Group to take up his appointment as the CEO of CNH Industrial N.V. (NYSE: CNHI) on 1st July 2024.
  • Suzanne Heywood, Chair of Iveco Group commented: “On behalf of everyone at Iveco Group I’d like to thank Gerrit for his energetic and successful leadership over the past two and half years and wish him every success in his new role.
  • In 2022 he joined the Board of Iveco Group as an Independent Director when the Group listed on Euronext Milan.
  • Iveco Group’s first quarter financial results will be presented by Mr. Marx, as planned, on 10th May 2024.

  Iveco Group announces the results of the Annual General Meeting

Retrieved on: 
Wednesday, April 17, 2024
Annual, Agriculture, Remuneration, Policy, IDV, Iveco, Annual report, Finance, Indian stock exchange, IVG, Exercise, Senior, FPT Industrial, IVECO, EXM, ASTRA, AGM, Management

Iveco Group N.V. (EXM: IVG) (the Company or IVG) announces that its shareholders approved all the resolutions proposed by the Board of Directors (the Board) at its Annual General Meeting (AGM) held today in Amsterdam, the Netherlands.

Key Points: 
  • Iveco Group N.V. (EXM: IVG) (the Company or IVG) announces that its shareholders approved all the resolutions proposed by the Board of Directors (the Board) at its Annual General Meeting (AGM) held today in Amsterdam, the Netherlands.
  • adopted the 2023 Annual Financial Statements;
    approved the proposal to distribute a cash dividend of euro 0.22 per outstanding common share.
  • The new authorisation replaces the pre-existing one granted by the Annual General Meeting of Shareholders on 14th April 2023.
  • Iveco Group employs more than 36,000 people around the world and has 20 industrial sites and 29 R&D centres.

Publication of Iveco Group’s results from Continuing Operations for 2022 and 2023 by Business Unit

Retrieved on: 
Monday, April 8, 2024
EXM, ASTRA, Small Business Saturday, Iveco, Agriculture, Financial services, IDV, Commercial, FPT Industrial, Adjustment, IVG, IVECO, Fire, Revenue

Iveco Group (EXM: IVG) announces the publication on its corporate website of its quarterly figures for 2022 and 2023 duly recast according to the Company’s new segment reporting structure by Business Unit, as presented on 14th March 2024 and effective starting from 1st January 2024.

Key Points: 
  • Iveco Group (EXM: IVG) announces the publication on its corporate website of its quarterly figures for 2022 and 2023 duly recast according to the Company’s new segment reporting structure by Business Unit, as presented on 14th March 2024 and effective starting from 1st January 2024.
  • Following the agreement with Mutares SE & Co. KGaA (ISIN: DE000A2NB650) regarding the divestiture of the Fire Fighting business, as of the first quarter of 2024 this Business Unit will be classified as “Discontinued Operations”.
  • Iveco Group N.V. (EXM: IVG) is the home of unique people and brands that power your business and mission to advance a more sustainable society.
  • Iveco Group employs more than 36,000 people around the world and has 20 industrial sites and 29 R&D centres.

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Retrieved on: 
Monday, March 18, 2024
EXM, ASTRA, Iveco, Agriculture, SLT, IDV, FPT Industrial, IVG, IVECO, Management

Until then he will continue to serve in his current responsibilities and to ensure continuity.

Key Points: 
  • Until then he will continue to serve in his current responsibilities and to ensure continuity.
  • The search process to identify Mr. Tutino’s successor is already under way, with a view to making an appointment by the end of this transitional period.
  • Gerrit Marx, CEO, Iveco Group, said: “I want to thank Francesco for his passion, tenacity and leadership.
  • Iveco Group employs more than 36,000 people around the world and has 20 industrial sites and 29 R&D centres.

At its Capital Markets Day, Iveco Group updated its guidance for 2024 and presented the financial targets for the duration of the Plan

Retrieved on: 
Friday, March 15, 2024
Indian stock exchange, EXM, ASTRA, Agriculture, EPS, CNH, Financial services, IDV, Sale, Public expenditure, FPT Industrial, Nature, Adjustment, Industrial, IVG, Investment, IVECO, Fire, Collection, CNH Industrial, Person

Iveco Group monitors its operations through the use of several non-EU-IFRS financial measures.

Key Points: 
  • Iveco Group monitors its operations through the use of several non-EU-IFRS financial measures.
  • Iveco Group’s management believes that these non-EU-IFRS financial measures provide useful and relevant information regarding its operating results and targets and enhance the readers’ ability to assess Iveco Group’s financial performance and financial position.
  • Iveco Group’s non-EU-IFRS financial measures are defined as follows:
    Adjusted EBIT: is defined as EBIT before restructuring costs and non-recurring items.
  • Iveco Group employs more than 36,000 people around the world and has 20 industrial sites and 29 R&D centres.

Hyundai Motor and Iveco Group expand their partnership to explore synergies for electric heavy-duty trucks in the European markets

Retrieved on: 
Thursday, March 14, 2024
Hyundai Motor Company, Partnership, EXM, Fuel cell vehicle, Hyundai, IVG, International Motor Show Germany, LOI, IVECO, Iveco, Transport, Automotive industry

Hyundai Motor Company and Iveco Group (EXM: IVG) are strengthening their partnership to drive innovation in the commercial vehicle sector.

Key Points: 
  • Hyundai Motor Company and Iveco Group (EXM: IVG) are strengthening their partnership to drive innovation in the commercial vehicle sector.
  • Today the two companies signed a Letter of Intent (LOI), reinforcing their partnership with a facing view towards electric heavy-duty truck solutions, including both battery electric trucks and fuel cell electric trucks, for European markets.
  • Since initiating their partnership in March 2022, Hyundai Motor and Iveco Group have achieved a series of significant milestones.
  • Notably, in September 2022, they unveiled the first IVECO eDaily Fuel Cell Electric Vehicle at the IAA Transportation event in Hanover.

  Ford Trucks and IVECO sign Memorandum of Understanding to examine potential synergies

Retrieved on: 
Thursday, March 14, 2024
Ford Otosan, EXM, ASTRA, Iveco, Agriculture, Partnership, Tata Daewoo, Ford Motor Company, IDV, History, Ford, FPT Industrial, IVG, Memorandum of understanding, CO2, IVECO, Engineering, Automotive industry

Ford Trucks, the heavy commercial brand of Ford Otosan, and IVECO, the brand of Iveco Group N.V. (EXM: IVG) that designs, manufactures and markets light, medium and heavy commercial vehicles, have signed a non-binding Memorandum of Understanding (MoU) to explore a potential collaboration on development of a new cabin for heavy-duty commercial vehicles.

Key Points: 
  • Ford Trucks, the heavy commercial brand of Ford Otosan, and IVECO, the brand of Iveco Group N.V. (EXM: IVG) that designs, manufactures and markets light, medium and heavy commercial vehicles, have signed a non-binding Memorandum of Understanding (MoU) to explore a potential collaboration on development of a new cabin for heavy-duty commercial vehicles.
  • Present during the signing were Gerrit Marx, CEO of Iveco Group; Luca Sra, President of the Truck Business Unit at Iveco Group; Haydar Yenigün, President of Koç Holding Automotive Group; Güven Özyurt, General Manager of Ford Otosan and Emrah Duman, Vice President of Ford Trucks.
  • Further information is available on the Company’s website www.ivecogroup.com
    Ford Otosan was founded in 1959, Ford Otosan (Ford Otomotiv Sanayi A.Ş.)
  • Ford Otosan's heavy commercial vehicle brand, Ford Trucks, with over 60 years of history in local and global markets, is shaping the future with its engineering and technological power.

Iveco Group unveils new Strategic Plan to 2028 and “Unlimited Pathways” for its five Business Units at today’s Capital Markets Day

Retrieved on: 
Thursday, March 14, 2024

Iveco Group presents a new Strategic Plan, outlining objectives up to 2028 during the Company’s Capital Markets Day held today in Turin, Italy.

Key Points: 
  • Iveco Group presents a new Strategic Plan, outlining objectives up to 2028 during the Company’s Capital Markets Day held today in Turin, Italy.
  • These pillars drive the success of each Business Unit and enable the overall Group to collectively withstand external challenges and focused spending.
  • Within Iveco Group, Defence functions as an independent and self-sufficient Business Unit, which emphasizes technological innovation, operational excellence, and strategic partnerships.
  • On the back of the individual ambitions of its Business Units, Iveco Group announces ambitious targets for 2028.

Iveco Group announces an agreement with Mutares to transfer the ownership of MAGIR

Retrieved on: 
Wednesday, March 13, 2024
Magirus, EXM, ASTRA, Iveco, Agriculture, IDV, FPT Industrial, IVG, IVECO, Mutares, Firefighter, HQ

Iveco Group (EXM: IVG) and Mutares SE & Co. KGaA (ISIN: DE000A2NB650), an investment holding focused on special situations transactions, announced today the signing of a definitive agreement for the transfer of ownership of Magirus GmbH and its affiliates performing firefighting business (“MAGIRUS”).

Key Points: 
  • Iveco Group (EXM: IVG) and Mutares SE & Co. KGaA (ISIN: DE000A2NB650), an investment holding focused on special situations transactions, announced today the signing of a definitive agreement for the transfer of ownership of Magirus GmbH and its affiliates performing firefighting business (“MAGIRUS”).
  • In 2023, MAGIRUS represented approximately 2% of Iveco Group revenues and recorded an Adjusted EBIT loss of €35 million.
  • As a result of this transaction, Iveco Group 2024 results will be negatively impacted by approximately €115 million in the first quarter of 2024.
  • Iveco Group employs more than 35,000 people around the world and has 20 industrial sites and 29 R&D centres.

Iveco Group announces its Capital Markets Day to be held 14th March 202

Retrieved on: 
Tuesday, March 12, 2024
EXM, EST, ASTRA, Q&A, Iveco, Agriculture, IDV, FPT Industrial, IVG, IVECO, GMT

Iveco Group N.V. (EXM: IVG) announced today that there will be an Iveco Group Capital Markets Day on Thursday, 14th March 2024.

Key Points: 
  • Iveco Group N.V. (EXM: IVG) announced today that there will be an Iveco Group Capital Markets Day on Thursday, 14th March 2024.
  • A live streaming of the Iveco Group Capital Markets Day will begin at 1:30 p.m. CET / 12:30 p.m. GMT / 8:30 a.m. EST on Thursday, 14th March 2024.
  • Iveco Group N.V. (EXM: IVG) is the home of unique people and brands that power your business and mission to advance a more sustainable society.
  • Iveco Group employs more than 35,000 people around the world and has 20 industrial sites and 29 R&D centres.