Wednesday 21st April 2010

Luca Di Montezemolo Quits Top Fiat Job

Fiat chairman to step down - possibly to move into politics

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Luca Di Montezemolo has quit as Fiat chairman, a move announced shortly before Fiat revealed its 2010-2014 business strategy.

Both Fiat and Di Montezemolo have so far remained tight-lipped about the specific reasons for his departure, the company saying in a statement only that he has "completed the assignment given to him" when he was appointed as Fiat chairman in 2004.

Rumours from Italy suggest that 62-year-old Di Montezemolo could be going into politics, and that his departure has been precipitated by disagreements between himself and CEO Sergio Marchionne over the future direction of Fiat.

Di Montezemolo will remain as Ferrari chairman, while his place as chairman of Fiat is expected to be taken by 34-year-old John Elkann, the grandson of the former Fiat chairman Giovanni Agnelli.

[woof]

All Hail Presidente Montezemolo - i would say that's a done deal for the Italian people

[JohnGoodridge]

He looks a bit like Dustin Hoffman in that pic. Maybe he can play Di Montezemolo in his biopic...

[sprinter1050]

I thought that Sergio Marchionne was some record producer from the 70s/80s ??

[mustard tab]

sprinter1050 said:

I thought that Sergio Marchionne was some record producer from the 70s/80s ??

Nah he was a film director who made spaghetti westerns

[Mermaid]

woof said:

All Hail Presidente Montezemolo - i would say that's a done deal for the Italian people

[vintageracer01]

mustard tab said:

sprinter1050 said:

I thought that Sergio Marchionne was some record producer from the 70s/80s ??

Nah he was a film director who made spaghetti westerns

No, that was Sergio LEONE, mate.

Look here: http://en.wikipedia.org/wiki/Sergio_Leone

Sorry for being so "clever".

[Quattronaut]

Mermaid said:

woof said:

All Hail Presidente Montezemolo - i would say that's a done deal for the Italian people

Well, could be worse - could be a Machiavellian, sex-mad, former cruiseship-singing, unconstitutional media-mogul nutbox instead...

Oh wait

[Mermaid]

Quattronaut said:

Mermaid said:

woof said:

All Hail Presidente Montezemolo - i would say that's a done deal for the Italian people

Well, could be worse - could be a Machiavellian, sex-mad, former cruiseship-singing, unconstitutional media-mogul nutbox instead...

Oh wait

We are talking about governing Italy

[mark3man]

Mermaid said:

Quattronaut said:

Mermaid said:

woof said:

All Hail Presidente Montezemolo - i would say that's a done deal for the Italian people

Well, could be worse - could be a Machiavellian, sex-mad, former cruiseship-singing, unconstitutional media-mogul nutbox instead...

Oh wait

We are talking about governing Italy

I don't think Montezemolo ever sang on a cruise ship......
But it does beg the question, will he still be able to pull in favours to keep Ferrari winning F1 from impossibly 'down the grid' positions ?

[F.C.]

Who gives a st, really?

[SAndals]

F.C. said:

Who gives a st, really?

[al1991]

Unlucky 348 owners! Bet you were getting excited when you saw the title to this thread