It’s been a week of big changes in family businesses, with Hermes announcing a new chief executive, Fiat Industrial proposing a merger with CNH and Bombardier hinting at a possible listing in New York.
Fiat Industrial, controlled by the Italian Agnelli family, said on 30 May that it wanted to “simplify the existing shareholding structure”, merging with CNH and listing the new company in New York, with a secondary listing in Europe. Fiat Industrial is currently headquartered in Turin.