From the beginning of 2022, Francesco Tanzi will become CFO of Iveco Group. The latter is the new name of the branch formerly known as CNH On-Highway Business, resulting from the spin-off currently undergoing within the CNH brand. As stated by the official press release, Iveco Group “will begin independent operations in early 2022”. This is indeed another brick in the wall of the new management, after the announcement of Annalisa Stupenengo, former head of FPT Industrial, as responsible for Operations within the Newco. Also, Gerrit Marx has already been appointed CEO of CNH On-Highway Business.
Who is Francesco Tanzi, the next CFO of Iveco Group
Francesco Tanzi “is a seasoned professional in the world of corporate finance with leadership experience in international strategies that generate dynamic financial results. He is stepping down from his current role as Chief Financial Officer at the multinational tire manufacturer Pirelli & C., a position he has held for 12 years, to accept this new role. Tanzi began his finance career at Pirelli in 1989, rising through the ranks before departing to serve as Finance Director at TIM Group, Italy’s largest telecommunications provider, for eight years prior to rejoining Pirelli as their CFO”.
A warm welcome by CNH top management
“Building this new senior management team for Iveco Group is an exciting task as we work to form the very best team to ensure the success of our independent group. We are delighted to have found our CFO in Francesco Tanzi, whose experience and expertise will bring great value to our business activities from the outset”, said designated CEO of Iveco Group Gerrit Marx.
“On behalf of the Board of Directors of CNH Industrial, we wish to welcome Francesco Tanzi to the new Iveco Group organization. Having overseen this spin-off from its inception and the design of the On-Highway Senior Leadership Team, we have long identified the CFO role as one requiring a very specific and seasoned profile, and I am certain we have found it in Francesco Tanzi. Oddone Incisa, who will continue serving as CFO for CNH Industrial, will ensure a smooth transition and make sure that Francesco is ideally poised to embark on Iveco Group’s journey”, said Suzanne Heywood, Chair of CNH Industrial.