SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
FOR THE MONTH OF SEPTEMBER, 2002.
CNH GLOBAL N.V.
(TRANSLATION OF REGISTRANT'S NAME INTO ENGLISH)
WORLD TRADE CENTER
TOWER B, 10TH FLOOR
AMSTERDAM AIRPORT
THE NETHERLANDS
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
(Indicate by check mark whether the registrant files
or will file annual reports under cover of Form 20-F or Form
40-F.)
Form 20-F X Form 40-F
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(Indicate by check mark whether the registrant by
furnishing the information contained in this form is also
thereby furnishing the information to the Commission pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934.)
Yes No X
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(If "Yes" is marked, indicate below the file number
assigned to the registrant in connection with Rule 12g3-2(b):
82- _______.)
[CNH LOGO]
NEWS RELEASE
CNH NAMES THREE NEW BOARD MEMBERS AND EXPANDS AUDIT COMMITTEE
FOR MORE INFORMATION CONTACT:
JEFFREY T. WALSH Media Relations (1) 847 955 3939
Lake Forest, IL (September 4, 2002) The board of directors of CNH Global N.V.
(NYSE:CNH) today announced an expansion of the board's audit committee following
the election of three new board members in yesterday's extraordinary general
meeting of the company's shareholders. Gabriele Galateri, chief executive
officer of Fiat S.p.A. was elected to fill the vacancy left by the resignation
of Paolo Cantarella. In addition, the company's board of directors was expanded
to include Alessandro Barberis, chief operating officer of Fiat S.p.A., and
Michael E. Murphy, who served as vice chairman and chief financial officer of
Sara Lee Corporation until his retirement.
In today's board meeting, Katherine M. Hudson, president and CEO, Brady
Corporation, was confirmed as chairman of the audit committee. Alfredo Diana and
James L.C. Provan were re-elected to the audit committee, and will be joined by
new board member, Michael E. Murphy.
The composition of the audit committee reflects the commitment of CNH to
maintain the highest standard of transparency with respect to financial
reporting, critical accounting practices and principles. Since Fiat's 1996
initial public offering of shares in predecessor company New Holland, the
company has always maintained a majority of outside directors on the board and
on the audit committee. From 1999, the company's audit committee has been
composed only of outside directors.
Michael E. Murphy received his MBA from the Harvard Business School. He began
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his career with General Foods, before moving to Hanes Corporation and,
subsequently, Ryder System, Inc., where he served as executive vice president -
finance. When Hanes Corporation and Sara Lee Corporation merged in 1979, Murphy
was named executive vice president and chief financial and administrative
officer of Sara Lee Corporation. That same year he was elected to the board of
directors and in 1993 he was elected vice chairman. Following his retirement in
1997, he served as president of the Sara Lee Foundation.
Gabriele Galateri di Genola earned his MBA from the Business School of Columbia
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University, and began his career in the financial analysis office of Banco di
Roma, before moving to the St. Gobain Group as finance director for Italy. In
1977 he joined the Fiat Group, serving first as director of finance for the
Americas and ultimately as the Group's treasurer. In 1993 he became the CEO and
general manager of IFI, S.p.A. On June 27, 2002, he returned to Fiat as chief
executive officer of the Group.
[ ] CNH Global N.V. Global Management Office 100 South Saunders Rd,
Lake Forest, IL 60045 U.S.A. http://www.cnh.com [ ]
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Alessandro Barberis joined the Fiat Group's foundry operations immediately after
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completing his degree in engineering. He moved rapidly through a series of
increasingly important industrial positions before moving to Magneti Marelli as
CEO in 1982. In 1993 he was named as Fiat Auto's executive vice president for
industrial operations. In 1996 he left Fiat to become the chief operating
officer of Istituto Bancario San Paolo. In 1997 he became chairman of Piaggio &
C. S.p.A., leading that company through its turnaround and subsequent change of
ownership. On June 27, 2002, he returned to the Fiat Group as its chief
operating officer.
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CNH is the number one manufacturer of agricultural tractors and combines in the
world, the third largest maker of construction equipment, and has one of the
industry's largest equipment finance operations. Revenues in 2001 totaled $9.7
billion. Based in the United States, CNH's network of dealers and distributors
operates in over 160 countries. CNH agricultural products are sold under the
Case IH, New Holland and Steyr brands. CNH construction equipment is sold under
the Case, FiatAllis, Fiat Kobelco, Kobelco, New Holland, and O&K brands.
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SIGNATURES
PURSUANT TO THE REQUIREMENTS OF THE SECURITIES EXCHANGE ACT OF 1934,
THE REGISTRANT HAS DULY CAUSED THIS REPORT TO BE SIGNED ON ITS BEHALF BY THE
UNDERSIGNED, THEREUNTO DULY AUTHORIZED.
CNH Global N.V.
By: /s/ Debra E. Kuper
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Debra E. Kuper
Assistant Secretary
September 5, 2002