Maserati's Selwa Leaves North American Distributor
February 22, 2008

Maserati North America Inc., announced Thursday that James Selwa, president and CEO, has left Maserati, effective Friday.

The Italian automaker said Maserati CEO Roberto Ronchi will continue to directly oversee the market in coordination with the Maserati North America team.

“We greatly appreciate the hard work of Jim and his team during a very challenging period as Maserati established itself as an independently managed entity within the Fiat Group. Jim brought invaluable expertise and market knowledge and we thank him for the exceptional results,” Ronchi said in a statement.

In the same statement, Selwa was quoted as saying, “Through the efforts of the team and the great product provided, we have more than doubled sales since 2005 and Maserati now certainly enjoys a strong position in the luxury car segment.  With significant product introductions complete, now is the right time to make the transition to a new CEO and for me to explore another challenge.”

The company said Maserati is poised to continue the growth.

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