Fiat has confirmed that chairman Luca di Montezemolo is to resign with current vice chairman John Elkman nominated for the top job tomorrow.

In a brief statement today (20 April) from Turin, the Italian automaker gave some details surrounding Montezemolo’s resignation.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Fiat vice chairman John Elkann and the CEO, Sergio Marchionne, will also be present at the conference.

Elkman will be nominated as chairman tomorrow.

 
Montezemolo – whose decision to step down as chairman comes on the eve of the presentation of the Group’s 2010-2014 business plan – said his resignation follows completion of the assignment given to him by the core shareholder in May 2004. 

Montezemolo will remain a member of the Fiat board of directors and chairman of Ferrari.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Fiat, which acquired a 20% stake in Chrysler Group last year, is also scheduled to report first-quarter earnings tomorrow.

Just Auto Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now