Fiat Chrysler has announced Chief Financial Officer Richard Palmer will take on an additional role in 2016, serving as the automaker’s chief operating officer of its systems and castings operations, The Detroit News reports.
In addition to serving as company CFO, Palmer is also a member of FCA’s Group Executive Council. He will retain both his position as CFO and his seat on the Group Executive Council when he takes on the added responsibility in 2016.
“We extend our sincere appreciation to Riccardo for his dedication, leadership and many contributions to the organization,” FCA CEO Sergio Marchionne said in a statement.
Palmer, who will report directly to Marchionne under the new role, has held his roles as FCA CFO and Group Executive Council member since 2011. He first joined FCA in 2003 through the automaker’s manufacturing automation subsidiary Comau.