Oak Brook, Illinois - CNH Industrial N.V., an agricultural machinery manufacturer, has announced that Mr. Oddone Incisa, current Chief Financial Officer (CFO), will step down and be succeeded by Mr. James (Jim) Nickolas. Incisa and Nickolas will work together through April to ensure a smooth transition, with Nickolas assuming full responsibility as CFO starting May 6, 2025.
Nickolas will be based at CNH’s North American headquarters in Oak Brook, Illinois, and will present the financial segment of the company’s Strategic Business Plan during CNH Investor Day on May 8, 2025.
With over 30 years of experience in corporate finance, mergers and acquisitions, business strategy, tax, and investment banking, Nickolas brings a wealth of expertise to his new role. He most recently served as CFO and Executive Vice President at Martin Marietta, a U.S.-based supplier of construction materials. Before that, Nickolas spent nearly a decade at Caterpillar, where he held several senior roles, including Head of Corporate Development and Caterpillar Ventures, CFO of the Resources Industries segment, and CFO of the Global Mining unit.
Incisa, who has decided to pursue new opportunities outside of CNH, leaves behind a remarkable 28-year career with the company and its predecessor, Fiat Group (now Stellantis). Over the years, he worked in various regions, including Europe, North America, and South America, holding progressively senior roles in the Finance and Commercial Lending divisions.
Mr. Gerrit Marx, Chief Executive Officer at CNH, said, “On behalf of our Board of Directors and Global Leadership Team, I wish to sincerely thank Oddone for his contributions and dedication to CNH over these many years. As CFO, he has played a key role in guiding the Company through many challenges including the Covid-19 pandemic, the demerger of our off- and on-highway business segments, the inclusion in US stock indexes and periods of both record performance and cyclical downturns. We wish him well in his future endeavors. We look forward to welcoming Jim to the team. He brings extensive finance and M&A expertise that will help drive and support our growth ambitions.”
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