Fiat's Iveco Chief to Leave as Part of Broad Restructuting, Corriere Says

Fiat SpA’s truck unit Iveco SpA will be restructured over the next few months and managers, including Chief Executive Officer Paolo Monferino will leave their posts, daily Corriere della Sera reported, without saying where it got the information.

Other managers, including Fiat Automobiles Chief Executive Officer Lorenzo Sistino, may be moved to new posts, as part of the unit’s spinoff in announced for 2011, the Italian newspaper reported.

To contact the reporter on this story: Armorel Kenna in Milan at akenna@bloomberg.net

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