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

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

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.

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

Just Auto Excellence Awards - Nominations Closed

Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Continental has secured the Window Displays Innovation Award in the 2025 Just Auto Excellence Awards for its Window Projection solution, transforming side windows into dynamic, data-rich canvases. Discover how this compact projection technology and intelligent software are reshaping in-car UX and opening fresh revenue streams for OEMs and mobility providers.

Discover the Impact