Fiat, CNH Global CFO Resigns

The chief financial officer of Fiat Industrial SpA and CNH Global NV (CNH), Pablo Di Si, resigned to pursue other interests and will be replaced by Massimiliano Chiara, effective immediately.

Additionally, Fiat and CNH Chairman Sergio Marchionne said Rich Tobin, currently CNH Global’s chief executive, will be CEO of CNH Industrial once Fiat completes its acquisition of the company. Italian auto maker Fiat owns about 87% of CNH and is in the process of acquiring the remaining stake.

Chiara most recently worked as financial chief and head of business development for Fiat Automobiles Latin America, and has served in other top finance roles for Fiat and Chrysler Group LLC, of which Fiat is the majority owner.