New Holland Completes Transition to Global

Organizational Structure AMSTERDAM, The Netherlands (PROTEXT) - New Holland N.V. (NYSE: NH) today announced the final steps in the Company's three-year transition to a fully-integrated global structure. The new organization redefines and enhances the key roles of Chief Technical Officer Alberto Pianta and Chief Marketing Officer Tom Kennedy in their coordination of the Company's global activities. In connection with the new structure a number of new appointments of Company Officers were announced. Luciano Paiola (47) has been appointed to the position of Vice President, Tractor Global Product Line. After earning his degree in Mechanical Engineering from Politecnico di Torino, Paiola joined predecessor company Fiatallis as a sales and marketing trainee. During his career, Paiola has held a wide range of management positions in product management, logistics and manufacturing, including Plant Manager at the Company's Lecce, Italy plant, and Commercial Logistics Manager for Fiat-Hitachi. Prior to his appointment as Vice President, Combine Global Product Line, he was Project Manager for Medium Range Agricultural Tractor Development. Robert Crain (39) has been appointed Vice President, Combine Global Product Line. Crain joined predecessor company Ford Tractor Operations upon graduation from the University of Alabama. He held a variety of positions in field sales, service, marketing, and logistics before becoming Senior Product Engineer for Combines in 1995. The following year, he was appointed Product Manager for North American Combines, and in 1997 he became Product Manager for the Company's Combine Global Product Line. Mattia Guida (50) has been appointed Vice President, Eastern Europe, Asia, Africa/Middle East. A graduate of the University of Naples, Mattia Guida's career has encompassed a wide range of management positions in both field sales and central marketing. His responsibilities have included markets in North and South America, Northern and Central Europe, Africa, the Middle East, Australia, and Asia. After serving as Managing Director of New Holland Australia, Guida was responsible for the Company's sales and marketing operations across the Asia/Pacific region. Gustavo Bracco (50) has been appointed Senior Vice President Human Resources. In turn, Louis Csoka (56) will assume a special assignment in support of the Company's global initiatives for leadership development and team building. Bracco earned his degree in law from the University of Turin and has extensive experience in labor relations and human resource management in the financial services, manufacturing, and consumer products sectors. He has held a variety of management positions in the Fiat Group's operating divisions and central staff, and in 1998 he joined New Holland's Human Resources Central Staff. New Holland is a world leader in the design and manufacture of a full line of agricultural and construction equipment, and offers a rapidly expanding line of financial services in many of its markets. The Company and its joint venture partners operate in 159 countries through a network of over 6,000 dealers and distributors. ots Original Text Service: New Holland N.V. Internet: http://www.newsaktuell.de Contact: Jeffrey Walsh of New Holland N.V., +44-181-479-8809, or fax, +44-181-479-8626, or JWALSH@NEWHOLLAND.COM Subscribers please note that material bearing the slug "PROTEXT" is not part of CTK's news service and is not to be published under the "CTK" slug. Protext is a commercial service providing distribution of press releases from clients, who are identified in the text of Protext reports and who bear full responsibility for their contents. PROTEXT