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Fiat has
announced the appointment of Paolo Monferino to the position
of Chief Executive of its Iveco trucks to buses division.
Monferino has been Chief Executive of CNH for the last five
years, based in the United States, and has been an executive
within the Fiat Group for the last 30 years.
He is replacing José Maria Alapont who held the Chief
Executive's position since October 2003, and who is now
leaving the Group to join Federal Mogul.
"I am thankful for the extraordinary effort that Mr. Alapont
has provided in bringing Iveco back as a strong and viable
player in the truck market" said Sergio Marchionne, Chief
Executive of Fiat Group. "We wish him the utmost success in
his new engagement".
"I am also delighted that we have been able to rely on the
seasoned experience of someone like Paolo Monferino to take
Iveco to the next phase of development.
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Paolo Monferino has
been a senior executive with the Fiat Group for more
than 30 years, seen here while in a former position
as Fiat Executive Vice-President signing an
agreement with Carlos Magariños, the
Director-General of major Indian components
manufacturer UNIDO, back in 1998 |
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Fiat has just announced the appointment of Paolo
Monferino to the position of CEO of its Iveco trucks
to buses division |
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"He has done an outstanding job in integrating Case and New
Holland after their merger in 1999, and his broad
international background will allow Iveco to push on and
become a much more powerful force in the truck market,"
Marchionne concluded.
The Board of Directors of CNH met yesterday in Chicago and
appointed Harold Boyanovski as interim Chief Executive. He
has almost forty years of experience in both the
construction and agricultural sides of the CNH business and
will provide a great level of continuity in the management
of CNH.
A search is being carried out to find a permanent
replacement. Paolo Monferino will remain on the Board of CNH
to help guide the development of the business.
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