Alfredo Altavilla is the new CEO of Tofaº A.S.

The Board of Directors of Tofaº A.S., the Fiat Auto and Koç Holding joint-venture that is listed at the Istanbul Stock Exchange, has appointed Alfredo Altavilla as Chief Executive Officer. Mr. Altavilla replaces Diego Avesani, who rejoins Fiat Auto where he is going to hold new responsibilities.

Mr. Altavilla, born in Taranto, Italy in 1963, joined Fiat Auto’s International Ventures Developments Department as analyst in 1990. From 1992 to 1995, he increased his responsibility in the fields of strategic planning and product development.

In 1995, Mr. Altavilla was appointed Fiat Auto Chief Representative in the People’s Republic of China. In 1999, he was named Senior Manager, Asia.

From 2000 to 2004, Mr. Altavilla was in charge of a number of projects and initiatives within the Corporate Development Department of Fiat Auto, primarily in relationship with the establishment and development of the alliances with GM and PSA Peugeot Citroën.

In September 2004, Mr. Altavilla was appointed Senior Vice President, Business Development and Chairman of Fiat-GM Powertrain.

Mr. Altavilla is graduated in economics from the University of Milan.

Istanbul, July 11th 2005

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