Scott Wine, CEO of CNH Industrial, discusses the challenges of leading a global business, the importance of technology in agriculture, and his lessons from running the executive dining room for General Colin Powell. They also explore technology's impact on farming and supply chain challenges, as well as the benefits of the captive finance arm and leadership development within the company.
Consistency and constancy of purpose are crucial qualities for a CEO, as staying on strategy and priorities can lead to rewards.
Technology advancements in agriculture, such as precision planting and AI, contribute to increased productivity, efficiency, and sustainability.
Deep dives
The Importance of Consistency and Purpose in Leadership
Consistency and constancy of purpose are crucial qualities for a CEO. By staying on strategy, priorities, and seeing things through, CEOs can be rewarded for their constancy of purpose. Imperfect information is inevitable for leaders, and making decisions with 60-80% accuracy is often necessary. Scott Wine, CEO of C&H Industrial, emphasizes the importance of these qualities in his experience as a leader.
The Significance of Technology in Agriculture
Technology plays a significant role in agriculture, with innovations driving increased productivity and yield. Scott Wine highlights the advancements in technology, including precision planting, fertilizing, and spraying techniques. The use of navigation systems, artificial intelligence (AI), and machine learning in agriculture allows for improved efficiency and productivity. Moreover, technology contributes to sustainability efforts by reducing water usage and capturing methane emissions.
Driving Cultural Change and Investment in Technology
When Scott Wine took on the role of CEO at C&H Industrial, he recognized the need to transform the company's culture and enhance its focus on customers. He also made strategic decisions, such as spinning off a low-profit business division and reallocating capital towards technology acquisitions. This shift aimed to position C&H Industrial as a leader in the industry and drive innovation. Wine highlights the importance of cultural change and investments in technology for the company's future success.
Scott Wine is the CEO of the multinational equipment manufacturer and services company, CNH Industrial. The company's brands include CASE and New Holland. Scott reflects on the challenges of leading a globally dispersed business, the critical importance of technology to agriculture, and what he learned from running the executive dining room for General Colin Powell. He spoke with senior partner Celia Huber during our recent global strategy and leadership event in New York.