Fiat Industrial S.p.A. is a company into which Fiat S.p.A. (previously Fiat Group) demerged most of its activities not directly related to automobiles at the start of 2011. Fiat Industrial serves as a holding company for the truck manufacturer Iveco; an 89.3% stake in the producer of agricultural and construction equipment CNH Global; and FPT Industrial, which comprises the industrial and marine activities of Fiat Powertrain Technologies. The company is led by Sergio Marchionne as chairman.