April 21 (Reuters) - Iveco Group ( IVCGF ) Chief

Executive Gerrit Marx is leaving the Italian bus and truck maker

to take the position of CEO of farm and construction machinery

group CNH Industrial ( CNHI ) from July 1, the companies said on

Sunday.

Marx will replace Scott Wine who is leaving to pursue other

interests, according to the company. Olof Persson will succeed

Marx as Iveco ( IVCGF ) chief, the company said.

Iveco ( IVCGF ) said last month it plans to focus on new and

deeper partnerships for future growth, unveiling a five-year

business plan targeting a 20% bump in revenue by 2028.

CNH reported a higher fourth-quarter profit in February,

boosted by strong prices for its farm and construction machinery

despite slowing demand.