Iveco Group makes its debut on the stock exchange in Milan. Gerrit Marx rang the opening bell
With its 8 brands (among them, IVECO, FPT Industrial and Magirus), 29 manufacturing plants, 31 research and development centres, and a workforce of around 34,000 people, Iveco Group is present around the world with a strong base in Europe.
On January 3rd, 2022, Iveco Group has made its debut on the stock exchange in Milan as a newly listed Group formed from the demerger of the Commercial and Specialty Vehicles, Powertrain, and related Financial Services businesses from CNH Industrial. With its 8 brands (among them, IVECO, FPT Industrial and Magirus), 29 manufacturing plants, 31 research and development centres, and a workforce of around 34,000 people, Iveco Group is present around the world with a strong base in Europe.
Iveco Group reaches the stock exchange in Milan
In the last months of 2021, Iveco Group unveiled the official logo of the newco, as well as the name of the new CFO, Francesco Tanzi. Former Head of FPT Industrial Annalisa Stupenengo will manage Operations within Iveco Group, while, since the very beginning of this year, Gerrit Marx has been the CEO of the newco. The latter rang the traditional opening bell of the Euronext in Milan to officially mark the beginning of the newly listed group.
Gerrit Marx: «We have all the requisites for long-term success»
Speaking at the opening bell ceremony, CEO Gerrit Marx said: «Our first day of trading marks a historic milestone as we become a fully independent company. I want to thank our Chair, Suzanne Heywood, and our Board of Directors for bringing this spin-off operation to completion and the entire Iveco Group team for taking on the challenge and dedicating extra effort to see it through. We have all the requisites needed for long-term success, including solid foundations, a focused team, and a clear strategy, which will allow us to move quickly, innovating and partnering to create better solutions in today’s fast-changing environment. We are also ready to face the global challenges of climate change, directly calling upon the Environmental, Social, and Governance dimensions of our public responsibility. We are committed to transforming not only our business but also our industry, backed by our track record of pioneering solutions in the most advanced fields of road transportation and propulsion, including alternative fuels, autonomous driving, and new business models. The entire Iveco Group team and I are profoundly grateful for the years we shared with CNH Industrial and are confident that our former colleagues will continue to make strides in agriculture and construction. We are excited to begin this next chapter, conscious that we will be facing challenges, but guided by a clear path and vision: we are definitely on the road to a new energy future».
The stock market debut of Iveco Group «heralds the launch of a solid, major international industrial enterprise; an independent ‘pure player’, with over 170 years of history in the sector through its various Brands», the company says. From trucks, buses, firefighting, and civil protection vehicles to powertrain solutions for on- and off-road, marine, and power generation, Iveco Group designs, produces, and sells a full range of Commercial and Specialty Vehicles and Powertrains, supported by the related Financial Services.
