Raven Industries Inc. entered into an Agreement and Plan of Merger with CNH Industrial N.V. and CNH Industrial South Dakota Inc., a South Dakota corporation and wholly owned subsidiary of CNH Industrial. Pending the successful completion of the transaction, Mr. Rykhus has provided notice of his retirement from Raven Industries. Mr. Rykhus has served as the President and Chief Executive Officer of Raven for the past 11 years and held other significant leadership roles during his 31 years with Raven. Mr. Rykhus plans on joining CNH Industrial as an Executive Strategic Advisor helping the CNH Industrial executives and Raven leaders build a successful combined company. In this new role Mr. Rykhus will report to Mr. Wine, CNH Industrial Chief Executive Officer.