Fiat Announces Key Appointments
Fiat S.p.A. is pleased to announce significant organizational changes effective September 1, 2011. As a result of the acquisition of majority ownership of Chrysler Group and consistent with the objective of enhancing the operational integration of Fiat S.p.A. and Chrysler Group, Fiat S.p.A. is today announcing the formation of a Group Executive Council, similar to the one that managed Fiat S.p.A. until the demerger of the Fiat Industrial activities.
The Group Executive Council (GEC) is the highest executive decision making body within Fiat outside of its Board of Directors1. It is responsible for reviewing the operating performance of the businesses, setting performance targets, making key strategic decisions and investments for the Group and sharing best practices, including the development and deployment of key human resources.
The GEC will have 4 main groupings.
The first is composed of 4 Regional Operations Groups for car manufacturing and sales, plus Parts and Service (MOPAR), Automotive Components (mainly Magneti Marelli) and Systems and Castings (Teksid and Comau). Each will be the responsibility of a Chief Operating Officer (COO) who will drive the organization via a regional Management Team (subject of a separate announcement prior to September 1, 2011). The COO's are accountable for Profit and Loss of their region/business, the management of regional resources, including manufacturing and commercial activities.
The COO's appointed to the GEC are as follows:
NAFTA (including Chrysler): Sergio Marchionne
Europe, Africa and Middle East: Gianni Coda
Latin America: Cledorvino Belini
Asia: Michael Manley
Parts and Service (MOPAR): Pietro Gorlier
Components (Magneti Marelli): Eugenio Razelli
Teksid/Comau: Riccardo Tarantini
The second grouping is reflective of the Group's focus and emphasis on its brands. Each of the global or potentially global brands is represented in the GEC, and their responsibility will be to improve and develop an appropriate brand portfolio and to assist in the development of adequate commercial and marketing strategies in each of the Group's operating regions.
The Brand Heads appointed to the GEC are as follows:
Fiat: Olivier Francois
Commercial Vehicles: Lorenzo Sistino
Alfa/Abarth/Maserati: Harald Wester
Lancia/Chrysler: Saad Chehab
Jeep: Michael Manley
Dodge: Reid Bigland
They will be supported by a Chief Creative Officer, Olivier Francois.
The third group is composed of industrial process leaders, who will drive consistency and rigor across the operating regions, and optimize the capital allocation choices the Group will face in the years to come.
Chief Technology Officer: Harald Wester
Design: Lorenzo Ramaciotti
Manufacturing Technology and Coordination: Stefan Ketter
Group Purchasing: Vilmar Fistarol
Quality: Doug Betts
Powertrain Coordinator: Bob Lee
Product Portfolio Management: Mark Chernoby
The final group is composed of support / corporate functions.
Business Development: Alfredo Altavilla
Fiat Services & Holdings: Alessandro Baldi
Chief Financial Officer: Richard Palmer
Chief Human Resource Officer: Linda Knoll
The GEC will utilize Alessandro Baldi as the Executive Coordinator.
"We have now reached the right moment to step on the accelerator of the Fiat-Chrysler integration" said Sergio Marchionne, Chief Executive of Fiat and Chrysler. "These appointments are the result of an extensive process of evaluation of the technical and leadership skills of the individuals who have been appointed to the GEC. But equally important is the fact that they reflect the multi-cultural geographically diverse nature of our businesses. We recognize in these leaders the future of Fiat-Chrysler as an efficient, multi-national competitor in a global automotive marketplace. It is a privilege for me to have the opportunity to lead this group of people and see them grow, to watch them as they transform challenge into success and into faith in themselves and what they can achieve."
Turin, 28 July 2011