CNH Names Senior Management Team

Racine, Wis. (PROTEXT) - Steven G. Lamb Named President andChief Operating Officer; Ted R. French Appointed President,Financial Services and Chief Financial Officer. CNH (NYSE: CNH), the company created from the merger of CaseCorporation and New Holland, today announced that Steven G. Lambhas been named president and chief operating officer. Inaddition, Ted R. French was appointed president, financialservices, and chief financial officer. In the May 1999announcement in which the two companies agreed to merge, Jean-Pierre Rosso was named chairman and chief executive officer ofthe company and Umberto Quadrino was named co-chairman for atransition period to support the integration of the twocompanies. The company also announced several other members of itsmanagement team. They include: Fausto Lanfranco, president,Worldwide Construction Equipment Business, Andrew E. Graves,president, CNH Capital Corporation; William T. Kennedy,president, New Holland Agricultural Business; Leopold Plattner,president, Case IH Agricultural Business; and Harold D.Boyanovsky, president, Worldwide Agricultural Equipment Products. In addition, Rafael Ansorena has been named senior vicepresident for New Holland's construction equipment business andJim McCullough has been appointed senior vice president forCase's construction equipment business. Both Ansorena andMcCullough will report to Lanfranco. "The CNH management team reflects the best talent from bothorganizations," said Rosso. "They have tremendous globalperspective, business acumen and management skills and are well-equipped to successfully lead the company. We are fortunate tohave such top caliber people." Rosso previously served as chairman and chief executiveofficer of Case Corporation, and Quadrino was chairman, presidentand chief executive officer of New Holland. Lamb was presidentand chief operating officer of Case, and French was president,Financial Services, and chief financial officer of Case. Boyanovsky previously served as senior vice president andgeneral manager, North American Region, for Case. Graves waspresident, Case Capital. Kennedy previously served as executivevice president and chief marketing officer, New Holland.Lanfranco served as senior vice president, ConstructionEquipment, New Holland. Plattner served as president, CaseEurope. With strong global brands, CNH is a leader in the agriculturalequipment, construction equipment and financial servicesindustries and had combined 1998 revenues of approximately $12billion. CNH is the number one manufacturer of agriculturaltractors and combines in the world, the third largest maker ofconstruction equipment and has one of the largest equipmentfinance companies in the world. Based in the United States, CNHhas operations in 16 countries and sells its products in 160markets through a network of more than 10,000 dealers anddistributors. CNH products are sold under the following brands:Case, Case IH, Fermec, Fiatallis, Fiat-Hitachi, Link-Belt, NewHolland, O&K and Steyr. ots Original Text Service: CNH Internet:http://www.newsaktuell.de Contact: Bill Masterson, 1-262-636-5793, or Jeffrey T. Walsh, 44-181-479-8809, both of CNH Website: http://www.cnh.com

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