12.01.2009 FIAT CONFIRM LUCA DE MEO IS TO DEPART

LUCA DE MEO

Fiat Group has confirmed media reports swirling this afternoon that Luca De Meo is leaving the Italian company, issuing a statement in Turin that confirmed that the Alfa Romeo and Abarth CEO and group marketing chief is depart in order to pursue other opportunities.

"Luca De Meo, responsible for the Alfa Romeo and Abarth brands and head of Group Marketing, has announced his decision to leave the Fiat Group," read the Fiat Group statement. Meanwhile the Reuters agency, quoting anonymous sources, said that De Meo had received an "very interesting offer from abroad".

"I am grateful to Fiat for the unique professional and personal experience it has given me", said De Meo in the statement. "However, at 41, I feel the need to take a new professional path. The memory of seven marvellous, unforgettable years which have enabled me to grow, through the various difficult and stimulating challenges, will always remain with me."

Fiat Chief Executive Sergio Marchionne made the following comment: "I wish to thank Luca De Meo for his excellent contribution over the past few years. From a personal point of view, I am disappointed by his choice even though I understand a young, bright and capable person such as Luca wanting to seek out new opportunities. I wish him the very best for the future, both personally and professionally."
 

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