Join Date: Nov 2001
Location: San Francisco
Ferrari Life Posts: 6,320
It looks like there is even more shake up:
Leach expected to leave Fiat's Maserati CEO post
MILAN - Martin Leach will soon leave the helm of Maserati, the sportscar brand controlled by Fiat SpA, a person familiar with the situation said Friday.
Fiat earlier this week announced it will buy Maserati from Ferrari SpA, saying it intends to try to find commercial synergies between Maserati and Alfa Romeo, the sporty premium brand in Fiat Auto's stable.
Fiat originally sought Leach, who formerly ran the European operations at Ford Motor Co, to take the top job at Fiat Auto, but Ford sued to block the appointment. Fiat hired Herbert Demel in late 2003 instead.
On Thursday, Demel was fired by Sergio Marchionne, the Fiat group chief executive who took the reins at the Italian conglomerate last summer.
Demel and Leach were hired by Marchionne's predecessor, Giuseppe Morchio. Marchionne, a lawyer, is insisting on speeding up decision-making across the company and especially at the auto unit.