TURIN -- Fiat has appointed company veteran Alfredo Altavilla as head of the automaker's money-losing European operations.
Altavilla succeeds Gianni Coda who is retiring after 33 years with Fiat, the company said today in a statement.
Altavilla will also head Fiat's Middle East and Africa regions in his new role.
Altavilla, 49, will give up his post as head of Fiat's truck-making unit, Iveco, but will continue to coordinate business development activities for Fiat Group. In this role, Altavilla is a key aide to Fiat-Chrysler CEO Sergio Marchionne and, with Marchionne, is one of only two Fiat executives serving on the board of Chrysler Group.