New Holland Chairman Lloyd Bentsen Resigns

13.04.1999, 11:21

AMSTERDAM, The Netherlands (PROTEXT) - New Holland N.V. (NYSE:NH) today announced that Board Chairman Lloyd Bentsen (78), hasresigned due to health reasons. New Holland's President and ChiefExecutive Officer, Umberto Quadrino, will serve as actingChairman until the Company's Annual Shareholders Meeting, whichwill be held at New Holland's registered offices in Amsterdam, at10:00 a.m. Dutch time on May 25, 1999. New Holland is a world leader in the design and manufacture ofa full line of agricultural and construction equipment, andoffers a rapidly expanding line of financial services in many ofits markets. The Company and its joint venture partners operatethrough a global network of more than 6000 dealers anddistributors in 159 countries. ots Original Text Service: NewHolland 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

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