Fiat has appointed Alfredo Altavilla as CEO of Iveco, replacing Paolo Monferino who is leaving the Group to take up the role of Director of Health for the Italian Region of Piedmont.

"I would like to thank Paolo Monferino, both personally and on behalf of the Group, for his outstanding service to Fiat over the years," said Fiat CEO Sergio Marchionne.

"In the various roles covered, he always distinguished himself for his dedication, rigour 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."