Fiat CEO intends to remain at least until 2012

Fiat CEO Sergio Marchionne
MILAN (Thomson Financial) Fiat CEO Sergio Marchionne said he intends to remain at the company until at least 2012, daily La Repubblica reported.

"However, the work started will continue also without me. I won't stay here forever," he was quoted as saying.

The newspaper said Marchionne has been courted to join General Motors and to take up greater responsibilities at UBS, where he is non-executive vice-chairman.

Marchionne is widely credited with turning around Fiat since his arrival in 2004.

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