Iveco Group N.V. has announced that shareholders approved all resolutions proposed by the Board of Directors at the company’s Annual General Meeting (AGM), held in Amsterdam, the Netherlands.
During the meeting, shareholders adopted the company’s 2025 Annual Financial Statements and expressed majority support for the Remuneration Report for the 2025 financial year through an advisory vote.
Shareholders also granted discharge to both the Executive and Non-Executive Directors for the performance of their duties during 2025.
The AGM approved the re-appointment of Suzanne Heywood and Olof Persson as Executive Directors, while Judy Curran, Tufan Erginbilgic, Clara Fain, Essimari Kairisto, Linda Knoll, Alessandro Nasi and Lorenzo Simonelli were re-appointed as Non-Executive Directors.
Following the AGM, the Board appointed Suzanne Heywood as Chair, Olof Persson as Chief Executive Officer, and Lorenzo Simonelli as Senior Non-Executive Director.
In addition, shareholders approved the re-appointment of Deloitte Accountants B.V. as the company’s independent auditor for the 2026 financial year.
The AGM also extended, for a period of 18 months, the Board’s authority to issue new common shares and/or grant rights to subscribe for common shares representing up to 10% of the company’s existing issued share capital. The authorization includes the ability to limit or exclude shareholders’ pre-emptive rights in connection with such issuances, replacing the existing authorization.
Shareholders further approved a five-year extension of the Board’s authorization to issue special voting shares in accordance with the company’s Articles of Association and the current Special Voting Shares Terms & Conditions.
Additionally, the Board received authorization to repurchase up to 10 million common shares with a maximum total allocation of €130 million over the next 18 months. This new authorization replaces the previous share buyback authorization granted at the AGM held on April 16, 2025.
The approvals reinforce shareholder support for Iveco Group’s governance framework, capital allocation strategy, and long-term business objectives.
The Chair of Iveco Group, Suzanne Heywood, commented: “In 2025 we set in motion the steps that will take the company confidently into its next chapter. Among them were a series of important decisions about the future of the Group, including two extraordinary transactions that we announced in July of last year. The first was the sale of our defence business to Leonardo, a leading European defence and security company: IDV and ASTRA will be stronger as part of a larger defence player with the right scale and focus. As planned, we transferred full ownership of our defence business to Leonardo within the first quarter of this year. The second announcement was about the combination with Tata Motors, following Tata’s voluntary tender offer to acquire Iveco Group. Together, we can create an international powerhouse with broader reach, a stronger product portfolio and greater capacity to invest through the business cycle. Based on the information received from Tata Motors, the transaction is expected to close by the third quarter of 2026.”
Olof Persson, CEO of Iveco Group, noted: “During 2025, we began to focus much more sharply on quality across the company. Alongside this, we continued to accelerate our Efficiency Programme, building a company that is leaner, more disciplined and more predictable. Our task is to produce the right vehicles, with the right technologies, quality standards and cost structure for the customers and missions we serve. So, the operational priorities for Iveco Group in 2026 are clear: quality as our number one priority, efficiency and cost discipline across the company, strong execution in our industrial operations, and continued momentum in our electric and multi-energy product portfolio. Looking forward, on the back of current industry dynamics and on the basis of the current visibility for the remaining part of the year, we are expecting to close 2026 with both Consolidated Revenues and Adjusted EBIT increasing year-over-year. As for the free cash flow of our Industrial Activities, we foresee a return to cash generation in the Full Year 2026.”
Details of all matters discussed at the AGM are available on the Company’s website (www.ivecogroup.com), where the Chair’s and the Chief Executive Officer’s presentations, as well as the voting results, will be posted shortly.
