Iveco Group N.V. (EXM: IVG) announces that effective immediately Thomas Hilse, President, Firefighting Business Unit of Iveco Group and CEO of Magirus GmbH, has chosen to leave the company to pursue other opportunities. He has served in his responsibilities from 2021 until now, also ensuring in the last period continuity in the transition of Magirus GmbH to Mutares SE & Co. KGaA (ISIN: DE000A2NB650), which was subject of a separate announcement made earlier today.

Olof Persson, CEO, Iveco Group, said: "I want to thank Thomas for his passion, hard work and leadership. He joined IVECO in 2019 as the Brand President and has been a key member of the Iveco Group Senior Leadership Team since its foundation in 2022. Thomas led the Firefighting business and the launch of the new MAGIRUS fire truck portfolio in September, which will be the starting point for the years to come. On behalf of everyone at Iveco Group, we wish him continued success in his future professional endeavours."