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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
FOR THE MONTH OF NOVEMBER, 2000.
CNH GLOBAL N.V.
(TRANSLATION OF REGISTRANT'S NAME INTO ENGLISH)
WORLD TRADE CENTER
TOWER B, 10TH FLOOR
AMSTERDAM AIRPORT
THE NETHERLANDS
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
(Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.)
Form 20-F X Form 40-F
------ -----
(Indicate by check mark whether the registrant by furnishing the
information contained in this form is also thereby furnishing the information
to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act
of 1934.)
Yes No X
----- -----
(If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82- _______.)
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[CNH LOGO]
NEWS RELEASE
For Immediate Release
MONFERINO APPOINTED CNH GLOBAL CEO,
ROSSO CONTINUES AS CHAIRMAN
For more Racine, Wisconsin (November 09, 2000) - CNH Global
information contact: (N:CNH) said today that Paolo Monferino has been
appointed a member of the board of directors and chief
executive officer, in addition to his current position
William B. Masterson of president. Jean-Pierre Rosso, who has been chairman
01 262 636 5793 and chief executive officer of CNH since November 1999,
will continue as chairman of the company's board of
directors and an executive officer of the company.
"Having worked side-by-side with Paolo since April, I
am confident in his ability to take the additional
responsibility of chief executive officer," said
Jean-Pierre Rosso, chairman. "I will remain actively
involved in the company, focusing my time and energy
working with Paolo on strategic direction, and
supporting him in his executive and operational role as
we execute our integration plan."
Rosso, 60, had been chief executive officer of Case
Corporation since 1994 and chairman since 1996, before
being named to those same positions for CNH following
the business merger of Case and New Holland. Monferino,
53, joined CNH in March 2000 as president and chief
operating officer, and had served as executive vice
president for New Holland.
"CNH is a global leader in the machinery industry, with
strong market positions, product lines, brands and
distribution networks," Monferino said. "Through the
plans we now have in place, we will significantly
strengthen our competitive position by leveraging our
tremendous scale and scope on a global basis and
deliver value for our customers and shareholders."
LECOMTE NAMED CFO, FRENCH RESIGNS
In addition, Michel Lecomte, 51, has been named chief
financial officer and president, financial services, of
CNH, replacing Ted R. French, who resigned.
"Ted was instrumental in Case's success as a public
company and in the development of the integration plan
for CNH," Rosso said. "He has
CNH Global N.V. Administrative Offices 700 State Street
Racine, WI 53404 U.S.A. http://www.cnh.com.
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elected to pursue new challenges, and we are fortunate
to have Michel join our management team. His
considerable international business experience, which
includes financial services, will be an asset for the
company."
Lecomte will also serve as chairman of CNH Capital.
Following the resignation of Andrew E. Graves as
president of CNH Capital, Lecomte is assuming the
responsibilities of president on an interim basis,
until a replacement for Graves is named.
MANAGEMENT BACKGROUND
Monferino has more than 15 years of experience in the
agricultural and construction business beginning in the
U.S. with Fiatallis, a joint venture between Fiat's
construction equipment business and Allis Chalmers. In
1983, he was named chief executive officer of Fiatallis
Latin American operations, based in Brazil, and was
appointed chief operating officer of Fiatallis in 1985.
In 1987, Monferino became chief operating officer of
Fiatagri, the farm machinery division of the Fiat
Group. Following the 1991 acquisition of Ford New
Holland by Fiat Geotech and the creation of New
Holland, Monferino was named executive vice president
of the new company headquartered in London. He oversaw
the integration of the Ford New Holland and Fiat
Geotech businesses, with specific responsibility for
strategy and business development, including product,
marketing and industrial policies. From 1996 to 2000,
he was executive vice president of the Fiat Group with
responsibility for Fiat's Automotive Components and
Industrial Diversified companies.
Monferino received his degree in Mechanical Engineering
from the Polytechnic of Turin in 1971.
Lecomte joins CNH from Iveco, a sector of Fiat Group,
where he served as chief financial officer since 1996.
In this position, he was also chief executive officer
of Transolver, Iveco's financial services business.
From 1989 to 1996, Lecomte served as chief financial
officer of France-based Framatome Group. He was also
chief financial officer of CertainTeed Corporation in
the U.S. from 1984 to 1989.
Lecomte received a business masters degree in 1971 from
Hautes Etudes Commercials in France.
French, 45, has been president, financial services, and
chief financial officer for CNH, since November 1999.
He had been in a similar role with Case Corporation
since 1992. French joined Case in 1989, as vice
president corporate planning and development. Graves,
41, was named
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to his position in November 1999, having been president
of Case Capital since June 1998. He began with Case in
1994 as vice president, Latin America.
With strong global brands, CNH is a leader in the
agricultural equipment, construction equipment and
financial services industries and had combined 1999
revenues of approximately $11 billion. CNH sells its
products in 160 markets through a network of more than
10,000 dealers and distributors. CNH products are sold
under the following brands: Case, Case IH, Fermec,
Fiatallis, Fiat-Hitachi, Link-Belt earth-moving
equipment, New Holland, New Holland Construction, O&K
and Steyr.
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SIGNATURES
PURSUANT TO THE REQUIREMENTS OF THE SECURITIES EXCHANGE ACT OF 1934,
THE REGISTRANT HAS DULY CAUSED THIS REPORT TO BE SIGNED ON ITS BEHALF BY THE
UNDERSIGNED, THEREUNTO DULY AUTHORIZED.
CNH Global N.V.
By: /s/ Kevin J. Hallagan
---------------------------
Kevin J. Hallagan
Vice President, Associate General
Counsel and Assistant Secretary
November 13, 2000
