14.01.2009 SERGIO MARCHIONNE: "REORGANISATION AN IMPORTANT STEP"

SERGIO MARCHIONNE

"The reorganisation announced today represents an important step for Fiat Group Automobiles which will equip it to face future market challenges in the most efficient and immediate manner," said Fiat Group CEO Sergio Marchionne in a statement issued in Turin today. "The changes we are experiencing in the automotive sector require that we adapt our organisational structure rapidly."

The biggest news from Fiat Group today came with the announcement that Alfa Romeo's marketing chief Sergio Cravero would be promoted to become the CEO of the sporty brand to fill the void left by the departure on Monday of the incumbent, Luca De Meo. "Mr. Cravero’s appointment as head of Alfa Romeo forms part of a specific Group strategy of developing personnel with the highest potential and involving them in the decision-making process," said Marchionne. "Mr. Cravero is a professional with considerable experience in both the engineering and commercial areas. I am convinced that he is the best possible choice for Alfa Romeo.

Marchionne also passed comment on the new FGA management responsibilities that are being created. This restructuring will see Lorenzo Sistino becoming responsible for sales right across the brands, Olivier François for communications, Daniele Chiari for Product Portfolio Planning & Automotive Institutional Relations, while Cravero will handle Product Concept as wella s his new position. "In parallel with Mr. Cravero’s appointment, we are establishing four new functions, which will have transversal responsibilities within the company while maintaining separate responsibility for each individual brand in order to protect and develop the specific identity and recognition of each brand in the market," commented Marchionne. "This new structure will enable us to achieve greater synergies and improved integration of those activities which are common to the various brands. The reorganisation will also provide Fiat Group Automobiles with a much leaner and more flexible structure, increasing its ability to take advantage of new business opportunities and further reducing response times."
 

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