Alfredo Altavilla to replace Paolo Monferino as CEO of Fiat’s Iveco unit

Article by Christian Andrei, on October 11, 2010

Fiat S.p.A. announced that Alfredo Altavilla will take over as CEO of the company's Iveco truck unit from Paolo Monferino who is departing Fiat Group to become head of health services for Piedmont, the region where Turin-based Fiat is located. Altavilla currently heads Fiat S.p.A.'s powertrain division. In order to focus on cars, Fiat has decided to spin off industrial operations including Iveco and CNH Global.

Fiat intends to list Fiat Industrial S.p.A. shares on the Milan exchange on Jan. 3. Credit Suisse analyst David Arnold wrote to clients that Monferino’s departure is “unlikely to be helpful” because the spin-off of Fiat industrial is only months away.

It was in 2006 that Altavilla started leading Fiat's powertrain unit. Furthermore, he is also the company’s head of business development. He joined the Chrysler board last July after Fiat acquired a 20% stake in Chrysler. In 1990, he joined Fiat as part of its international operations team.

He has extensive experience in heading Fiat Auto's operations in China, India and Turkey. He has also served as the head of Fiat’s side of the Italian automaker's former alliance with General Motors Co. Meanwhile, Monferino joined Fiat in 1973 as a design engineer and was head of Iveco in 2005.

For five years, he was the chief executive of Fiat's CNH Global NV tractor-making unit. In a statement, Fiat CEO Sergio Marchionne expressed disappointment that Monferino is leaving the Fiat Group; however, he also thanked him for an “outstanding" service to Fiat. Marchionne added that he believes that the public health system will profit from his experience. [via autonews - sub. required]

Topics: fiat, iveco, ceo

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

In the minivan segment, the 2017 Chrysler Pacifica is already impressive in terms of fuel economy figures – as rated by the United States Environmental Protection Agency. In fact, the...
by - December 2, 2016
Having a blacked-out Bentley Mulsanne Speed is already menacing by itself but by naming it as the Bamford X, it became all the more imposing. This model was made by...
by - December 2, 2016
We have good news for those who are waiting for the latest version of the Mazda CX-5 compact crossover. It was just unveiled in November at the 2016 Los Angeles...
by - December 2, 2016
Those familiar with racing know that Marco Wittmann’s win during the 2016 Deutsche Tourenwagen Masters held last May was noteworthy as it was his second title in four seasons. In...
by - December 2, 2016
Volvo has revealed that while its products are used by a number of police organizations around the world, it will be the Swedish police that will get the first chance...
by - December 2, 2016
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries