Cantarella, Fresco to stay at Fiat.

Automotive News Europe,  May, 2002  by Ciferri, Luca

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Fighting rumors of a management shakeup, Fiat patriarch Giovanni Agnelli has come out in support of the company's two top executives.

In a statement, Agnelli said Fiat group CEO Paolo Cantarella, 58, and Chairman Paolo Fresco, 69, will be re-elected at the general shareholders' meeting on May 14.

Agnelli, 81, is honorary chairman of Fiat. The Agnelli family controls Fiat through its IFI and IFIL financial holdings.

"IFI and IFIL will propose that Mr. Fresco be confirmed as chairman and Mr. Cantarella as CEO for another three-year term," Agnelli said. "[They] ...

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