Fiat SpA says Umberto Agnelli, brother of the late Fiat patriarch Gianni Agnelli, will take over the chairman position from Paolo Fresco. Fresco reportedly formally will present his resignation Feb. 28. Fresco previously had said he would retire in the coming months. He has been in the position since 1998. “I am sure that my decision represents a strong message of clarity for those outside and inside the group,” says Fresco, referring to the founding Agnelli family regaining control of ...

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