CNH Industrial (CNH) AGM 2025 summary

Opening remarks and agenda

• Meeting chaired by Dirk-Jan Smit, with board members and executives attending via video conference or webcast.

• Meeting notice published March 24, 2025, and convened per legal requirements; notarial minutes to be made.

• Shareholders could submit written questions in advance, but none were received.

Financial performance review

• 2024 consolidated financial results prepared under IFRS and reported in USD.

• External auditor Deloitte issued an unqualified opinion on the 2024 financial statements.

• $1.3 billion returned to shareholders via dividends and buybacks despite industry down cycle.

Board and executive committee updates

• Gerrit Marx appointed CEO in July 2024; Jim Nickolas appointed CFO.

• Suzanne Heywood and all non-executive directors stood for re-election for a one-year term.

• Board composition emphasizes diversity, skills, and independence.