Ferrante Zileri has been appointed head of treasury for Fiat Chrysler Automobiles and Andrea Faina head of the group’s financial services activities.

Antonio Picca Piccon, who held both positions prior to today (16 October), has decided to leave the group to pursue other professional opportunities, FCA said in a statement.

Zileri and Faina will report directly to Richard Palmer, FCA's CFO.

"The group thanks Antonio Picca Piccon for his valuable contribution over the years and wishes him the very best for the future," the statement said.