Fiat SpA has appointed Camillo Rossotto group treasurer in the latest management shake-up under CEO Sergio Marchionne.

Rossotto will replace Maurizio Francescatti who has announced his decision to leave Fiat, the company said in a statement cited by Reuters.

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Fiat said in January it had named chief technical officer Harald Wester head of its struggling Alfa Romeo brand and, only a few days ago, Chrysler named Laura Soave to head the Fiat brand for North America.

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