CNH Industrial N.V., a producer of agricultural and construction equipment, has announced through a Securities and Exchange Commission filing that Asa Tamsons and Richard J. Kramer, both current members of the Board of Directors of, notified the Board that they will not stand for re-election to the Board at the end of their respective current terms, and as a result, their respective terms as directors will end at the conclusion of the 2026 Annual Stockholders Meeting.

The SEC filing noted that Tamsons’ and Kramer’s respective decisions "are not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices."

The Company has nominated Richard Palmer and Lorenzo Simonelli for election as directors to replace Tamsons and Kramer following the 2026 Annual Meeting.