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-yeartransition to a fully-integrated global structure. The neworganization redefines and enhances the key roles of ChiefTechnical Officer Alberto Pianta and Chief Marketing Officer TomKennedy in their coordination of the Company's global activities.In connection with the new structure a number of new appointmentsof Company Officers were announced. Luciano Paiola (47) has been appointed to the position of VicePresident, Tractor Global Product Line. After earning his degreein Mechanical Engineering from Politecnico di Torino, Paiolajoined predecessor company Fiatallis as a sales and marketingtrainee. During his career, Paiola has held a wide range ofmanagement positions in product management, logistics andmanufacturing, 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 GlobalProduct Line, he was Project Manager for Medium RangeAgricultural Tractor Development. Robert Crain (39) has been appointed Vice President, CombineGlobal Product Line. Crain joined predecessor company FordTractor Operations upon graduation from the University ofAlabama. He held a variety of positions in field sales, service,marketing, and logistics before becoming Senior Product Engineerfor Combines in 1995. The following year, he was appointedProduct Manager for North American Combines, and in 1997 hebecame Product Manager for the Company's Combine Global ProductLine. Mattia Guida (50) has been appointed Vice President, EasternEurope, Asia, Africa/Middle East. A graduate of the University ofNaples, Mattia Guida's career has encompassed a wide range ofmanagement positions in both field sales and central marketing.His responsibilities have included markets in North and SouthAmerica, Northern and Central Europe, Africa, the Middle East,Australia, and Asia. After serving as Managing Director of NewHolland Australia, Guida was responsible for the Company's salesand marketing operations across the Asia/Pacific region. Gustavo Bracco (50) has been appointed Senior Vice PresidentHuman Resources. In turn, Louis Csoka (56) will assume a specialassignment in support of the Company's global initiatives forleadership development and team building. Bracco earned hisdegree in law from the University of Turin and has extensiveexperience in labor relations and human resource management inthe financial services, manufacturing, and consumer productssectors. He has held a variety of management positions in theFiat Group's operating divisions and central staff, and in 1998he joined New Holland's Human Resources Central Staff. 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 operatein 159 countries through a network of over 6,000 dealers anddistributors. ots Original Text Service: New Holland N.V.Internet: http://www.newsaktuell.de Contact: Jeffrey Walsh ofNew Holland N.V., +44-181-479-8809, or fax, +44-181-479-8626, orJWALSH@NEWHOLLAND.COM

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