Olof Persson revealed as new Iveco Group CEO

From 1st July 2024, Olof Persson will take over from Gerrit Marx as CEO of the Iveco Group. Persson is an existing independent director on the Iveco Group board, a position he’s held since 2022 when the company listed on Euronext Milan. Marx leaves the Iveco Group to become CEO of CNH Industrial N.V. Before this, he will present first quarter financial results for the Iveco Group 10th May 2024.  

Suzanne Heywood, chair of Iveco Group, said: “On behalf of everyone at Iveco Group I’d like to thank Gerrit for his energetic and successful leadership over the past two and half years and wish him every success in his new role. We are fortunate indeed that Olof, with his wealth of relevant industry experience, will step in as CEO and provide a guarantee of continuity in execution of the plans we presented in March.”

Olof Persson said: “As a board member I have been greatly impressed by the entire Iveco Group team as they have opened the company to the opportunities of the digital era and the transition to alternative propulsion technologies. I couldn’t be more delighted to have this opportunity to step into the CEO role, ensuring that we maintain our laser focus on serving all our stakeholders and applying the very best of our many and growing capabilities.”

Gerrit Marx said: “Olof is not only a valued member of our board but has been a close mentor to me and the senior Iveco Group team. His extensive executive leadership experience, deep industry knowledge and understanding of our group will ensure continued strong momentum for the plans we recently presented. I’m deeply proud of the achievements of my Iveco Group colleagues during these important and exciting years since our listing and have no doubt that under Olof’s leadership our great company will continue to go from strength to strength.”