Alfredo Altavilla is to be appointed CEO of Iveco,
replacing Paolo Monferino who will be leaving Fiat Group
to take up the role of Director of Health for the Region
of Piedmont, a position that puts Altavilla into pole
position to take overall charge of the new Fiat
Industrial entity once the Italian conglomerate is split
up.
It had long been reported that Monferino was set to
leave the Fiat Group after spending the last five years
as CEO of the Group's trucks-to-buses division, Iveco.
Before that appointment, Monferino, who has been with
the Fiat Group for almost four decades after initially
joining as an engineer, was the CEO of the Italian
company's agricultural-and-construction-equipment
division, CNH Global.
Altavilla is one of Marchionne's most trusted
lieutenants and is currently the CEO of Fiat Powertrain
Technologies as well as the Fiat Group's Executive
Vice-President for Business Development, and, most
recently, a member of the Chrysler Group board. He is
also a former CEO of the Turkish joint venture company,
Tofas, and was once the boss of Fiat's Chinese
operations. In recent years Altavilla has been working
hand-in-hand with Marchionne in striking major deals and
alliances across the world and this new appointment puts
him in prime position to run Fiat Industrial following
the Group's splitting up. Marchionne has previously
indicated that Fiat Industrial will be run by the CEO's
of Iveco and CNH. With Altavilla also reported to be
retaining his position as the boss of Fiat Powertrain (FPT)
he will thus be in charge of two of the three core
assets of Fiat Industrial as FPT's industrial and marine
activities will be separated and spun into the new
company.
Sergio
Marchionne, CEO of Fiat, made the following comment: "I
would like to thank Paolo Monferino, both personally and
on behalf of the Group, for his outstanding service to
Fiat over the years. In the various roles covered, he
always distinguished himself for his dedication, rigor
and astuteness. These qualities were behind such major
accomplishments as the integration of Case and New
Holland and the return of Iveco to the highest level of
competitiveness in the truck and commercial vehicles
sector.
"I am
disappointed that he is leaving the Fiat Group, but I am
pleased to know the public health system will profit
from his experience, his capability to plan and manage,
in addition to his great human qualities, to the benefit
of the community as a whole," continued Marchionne. "In
addition to congratulating Paolo on his new appointment,
I wish him the very best for the future, both personal
and professional."
Altavilla was born in Taranto
in 1963 and has a degree in Economics. He began his
career at the Cattolica University of Milan, working as
an assistant. In 1990 he joined Fiat Auto, in charge of
international ventures developments in the field of
strategic planning and product development. In 1995 he
was appointed Head of the Fiat Auto office in Beijing,
and in 1999 Head of the Asia Operations. He has been in
charge of Business Development since 2001, and in 2002
he took over responsibility for coordinating activities
related to the alliance with General Motors. In 2004 he
was entrusted with the responsibility for the management
of alliances.
In September 2004 he was
appointed Chairman of FGP (Fiat/GM Powertrain JV) and
Senior Vice President of Business Development of Fiat
Auto and in July the next year he was appointed Chief Executive
Officer of Tofas, a 50-50 joint venture between Fiat
Auto and Koç Holding that is listed on the Istanbul
stock exchange, while retaining responsibility for
Business Development. In November 2006 he was named
Chief Executive Officer of Fiat Powertrain Technologies
and became a member of the Group Executive Council (GEC)
of the Fiat Group. In July 2009 he joined the Board of
Directors of Chrysler Group and in October of the same
year was
named Executive Vice President of Business Development
of the Fiat Group.
