Stephen Norman, currently Market General Manager and Managing Director of Fiat Auto France, has been appointed Marketing Director, Worldwide for the Fiat Brand, and will take up the new responsibility on July 1st, 2005.

Mr. Norman will report to Luca De Meo, Senior Vice President Brand & Commercial, Fiat, for product and communication marketing including positioning, mix, pricing and commercial launches.

Carlos Gomes, while continuing to be Country Manager, Alfa Romeo Brand, has been also appointed Market General Manager of Fiat Auto France. Christophe Decultot retains the responsibility of Country Manager, Fiat and Lancia Brands.

Stephen Norman, who is 50-years old, has been Market General Manager and Managing Director of Fiat Auto France since January 2004. He started his long career in European car marketing in 1976 in England and has extensive marketing, commercial and general management experience in different countries including Great Britain, Spain and France, and with a number of world automobile manufacturers, among which are Rover and the Volkswagen Group. Mr. Norman graduated in Economics at the University of Leicester.

Fiat Group reorganizes its Committees

Meanwhile, Fiat has re-organised its committees. The following statement was released this week: "Gian Maria Gros-Pietro, Virgilio Marrone, Vittorio Mincato and Mario Zibetti, the four Directors newly appointed by the Stockholders Meeting, for the first time attended the Fiat Board of Directors meeting which was held after the Stockholders Meeting under the chairmanship of Luca Cordero di Montezemolo.

The Board determined that the following Directors meet the independence requirements: Angelo Benessia, Flavio Cotti, Luca Garavoglia, Gian Maria Gros-Pietro, Hermann-Josef Lamberti, Vittorio Mincato, Pasquale Pistorio and Mario Zibetti. As of today, the Fiat Board of Directors is comprised of fifteen members, the majority of whom are independent.

As part of the review of the Group corporate governance, the Board resolved to establish a Strategic Committee charged with the task of assisting it in drawing up the strategic plans of the Company and the Group. The Strategic Committee is comprised of: Luca Cordero di Montezemolo Chairman, John Elkann, Sergio Marchionne, Vittorio Mincato and Pasquale Pistorio.

Finally, the Board of Directors made some changes in the composition of the Nominating and Compensation Committee and the Internal Control Committee, which are now comprised as follows: Nominating and Compensation Committee: John Elkann Chairman, Flavio Cotti, Luca Garavoglia, Gian Maria Gros-Pietro, and Daniel John Winteler. Internal Control Committee: Mario Zibetti Chairman, Angelo Benessia and Hermann-Josef Lamberti.