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Herbert Demel Appointed CEO Of Fiat Auto
Turin - Herbert Demel has
been appointed Chief Executive Officer of Fiat Auto, effective November
Fiat thanks Giancarlo
Boschetti, who will leave the Group on the same date, for the intense work
he performed in almost forty years of activity at top management levels,
and expresses its best wishes for his future.
Since the end of 2002,
Mr. Demel has been President and Chief Executive Officer of Magna
Steyr, a leading company in automotive engineering, two- and
four-wheel-drive transmissions and in the development and assembling
of automobiles for third parties.
Demel, born in Vienna
50 years ago, has a degree in mechanical engineering and vast
professional experience in the automotive sector at an international
From 1984 to 1990 he
was responsible for the development of ABS applications and quality
control at Robert Bosch.
He has spent twelve years of
his career with the Volkswagen-Audi Group: from 1990 on he was Head of
Product Development at Audi, and from 1994 to 1997 he was Chief Executive
Officer of this company.
In 1997 he took over the post
of Chief Executive Officer of Volkswagen do Brasil, a position he held
until the end of 2002.
Mr. Demel's appointment is
part of the Group's strategy to renew its managerial structure by ensuring
that the wealth of talent available within the Group be complemented by
new professional skills.