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Fiat's got a new boss, but fans of black sweaters shouldn't fret; Sergio Marchionne, the man who lives by the phrase “business casual”, will still retain control of the Fiat/Chrysler monolith.

Lest we forget that Fiat itself is also a car brand, and somebody needs to oversee the Fiat car lineup. For that job, Andrea Formica (center) has been named as the CEO of Fiat cars. After doing stints at Toyota and Ford, Formica has been given the job, along with having to manage sales for Fiat, Alfa Romeo, Lancia and Chrysler's European division. Formica's predecessor, Lorenzo Sistino, has been moved to head up Fiat's International Operations.

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