TURIN – Fiat S.p.A. European sales boss Andrea Formica has left the automaker less than a year after arriving from Toyota Motor Europe to help turn around the company's struggling automotive division.
A Fiat spokesman told Automotive News Europe that Formica's departure was by mutual agreement with the company. The spokesman declined further comment.
Formica leaves a month after he was stripped of his duties as Fiat brand CEO. In late July, Olivier Francois was given the key job after previously serving as CEO of Lancia-Chrysler and marketing communication head for Fiat and Chrysler.
Company sources say Fiat will give the European sales job back to Lorenzo Sistino, who, before Formica arrived, held the post in addition to his duties as CEO of Fiat Professional, the company's light commercial vehicle division.