Fiat gets a new chief executive

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Filed under: Europe, Hirings/Firings/Layoffs, Fiat

Your eyes doth not deceive you: Fiat has a new CEO. But before we get ahead of ourselves, Sergio Marchionne isn't going anywhere. The Italian-Canadian executive mastermind directing both the Fiat and Chrysler groups is not relinquishing his position. But a number of years ago, he did hand over control of the Fiat brand to a subordinate. That position has changed hands a couple of times since then, and has now been handed over to a new talent.



After years of experience in the industry, having worked for Ford and Toyota, Andrea Formica has been named CEO of the Fiat brand. And in typical Fiat style, he'll also have to juggle another portfolio in the group, directing sales for Fiat, Alfa Romeo and Lancia, as well as Chrysler's operations in Europe.



Vacating the position is Lorenzo Sistino, who moves over to head Fiat's International Operations while also running Fiat Professional, the company's commercial vehicles division. Full announcement in the press release after the jump.



[Source: Fiat]

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Fiat gets a new chief executive originally appeared on Autoblog on Mon, 20 Sep 2010 08:29:00 EST. Please see our terms for use of feeds.

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