The Group Executive Council (GEC) is the highest executive decision-making body within Fiat apart from the Board of Directors¹. Effective 1 September 2011, it is responsible for reviewing the operating performance of the businesses, setting performance targets, making key strategic and investment decisions for the Group and sharing best practices, including the development and deployment of key managerial resources.
GEC is composed of 4 main groupings.
The first consists of 4 Regional Operations Groups for car manufacturing and sales, plus Automotive Components (mainly Magneti Marelli) and Production Systems and Castings (Teksid and Comau). A Chief Operating Officer (COO) is responsible for driving each organization via a regional Management Team. The COOs are accountable for the Profit and Loss of their region/business and management of regional resources, including manufacturing and commercial activities.
Chief Operating Officers
Chief Executive Officer
NAFTA (including Chrysler)
Europe, Middle East and Africa
Components (Magneti Marelli)
Systems & Castings (Comau/Teksid)
The second grouping reflects the Group's focus and emphasis on its brands. Each of the global or potentially global brands is represented within GEC through Brand Leaders who are responsible for continuous improvement and development of appropriate brand portfolios, as well as implementation of adequate commercial and marketing strategies in each operating region.
Parts and Service (MOPAR)
They are supported by Olivier François, as Chief Marketing Officer.
The third grouping is composed of Industrial Process Leaders, who are responsible for ensuring consistency and rigor across operating regions, as well as optimizing the Group’s capital allocation.
Chief Technology Officer
Chief Manufacturing Officer
Product Portfolio Management
The final grouping is composed of Support Process Leaders².
Chief Financial Officer
Chief Human Resource Officer
GEC Executive Coordinator:
(1) Fiat S.p.A. has a majority ownership interest in Chrysler Group LLC, which is ultimately governed by its Board of Directors the majority of whom are not affiliated with Fiat S.p.A. Furthermore, Chrysler relies on funding from the capital markets for its operations which requires that its liquidity and capital resources be contained within Chrysler. Beyond dividends that may at some point in the future be declared by the Board of Chrysler Group, and paid to its members on a pro rata basis, Chrysler Group’s financial resources are not available to support the operations of Fiat S.p.A. In addition to ensuring maintenance of Chrysler Group's standalone financial integrity, Chrysler Group’s Board of Directors also reviews and approves any transactions between Fiat and Chrysler Group above de minimis levels. Furthermore, the Board has oversight responsibilities for Chrysler Group, including approval of capital expenditures above certain levels. To the extent that any decision of GEC impacts Chrysler Group and falls within the review and/or decision-making ambit of the Board of Directors of Chrysler Group, such decisions are also subject to the approval of the Chrysler Board, as is any determination by the management of Chrysler Group.
(2) Certain functions that are fundamental to the governance structure of the individual companies (such as Legal and Internal Audit) remain independent within the ambit of the respective operating companies (Fiat and Chrysler Group).
(3) Also coordinates the Group’s sustainability initiative.