Currently reading: Arnaud Belloni named Fiat CEO as François leaves after 15 years

Olivier François ends a 21-year stint at Italian firm, passing reins to former Renault marketing boss

Fiat CEO Olivier François is stepping down after a 15-year stint at the helm of the Italian firm, to be replaced by Renault marketing boss Arnaud Belloni.

François has been at Fiat for 21 years, having joined the company in 2005 when it was teetering on the brink of survival, and led the successful turnaround of Lancia and Chrysler before taking the top job at the eponymous Fiat brand.