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Fiat has announced today that Fiat
Automobiles CEO Lorenzo Sistino (top) and
Fiat Automóveis CEO Cledorvino Belini
(bottom) have both been appointed to the
Group Executive Council. |
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Fiat
has announced today that Fiat Automobiles CEO Lorenzo
Sistino and Fiat Automóveis CEO Cledorvino Belini have both
been appointed to the Group Executive Council, the senior
management body formed by Group CEO Sergio Marchionne to
promote the influx of new ideas and to help speed along the
decision making process.
Belini is the
Chief Executive of Fiat Automóveis SA (FIASA) and the
Group’s senior executive in Latin America, joined Fiat in
1973 and has held a number of positions of increasing
responsibility across the Group’s business, and was
appointed to his current position in 2004. The 64-year-old
has successfully led Fiat’s automotive business to market
leadership, which today represents the most significant
contributor to Fiat Group Automobiles’ operating results.
Sistino is the
Chief Executive of Fiat Automobiles (Fiat branded passenger
and commercial vehicles) and Head of European Commercial
operations for all Fiat Group Automobiles brands (Fiat,
Lancia, Alfa Romeo and LCV). 47-years-old, he joined the
Group in 1987 and has progressed in a variety of roles in
the Group, including as Chief Executive of the New Holland
Agricultural business, stationed both in the UK and in the
US. The Fiat brand has continued its steady penetration of
the European car market in 2009, and now accounts for more
than 26% of the Italian and 7.3% of the European passenger
vehicle market. All Fiat brands now account for more than
32% of the Italian and 9% of the European car market.
"I am
delighted to have the opportunity to appoint two seasoned
executives to the Group Executive Council. The Council was
created more than 5 years ago, and is the highest executive
decision making body within Fiat outside the Board of
Directors," said Marchionne in a statement today. "It has
been responsible for the reshaping of Fiat in the last few
years and for having steadfastly internationalized our
activities. Mr. Belini’s knowledge and understanding the
Latin American markets and Mr. Sistino’s seasoned commercial
skills will undoubtedly strengthen the decision making
capabilities of the GEC."
The Group
Executive Council is now composed of Sergio Marchionne
(Chairman), Alfredo Altavilla, Alessandro Baldi, Cledorvino
Belini, Harold Boyanovsky, Gianni Coda, Maurizio
Francescatti, Stefan Ketter, Paolo Monferino, Eugenio
Razelli, Lorenzo Sistino, Riccardo Tarantini, Harald Jakob
Wester and Gilberto Ceresa (Coordinator).
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