FILE -- May 31, 1988 file photo of Gianni Agnelli, right, chairman of Italy's auto giant FIAT, and chief operating officer Cesare Romiti, as they leave the Banca d'Italia (Bankitalia)in Rome.
Romiti has died Tuesday, Aug. 18, 2020, in his house in Milan at the age of 97, according to Italian media.
In 1975, during the global oil crisis that rocked the automobile industry, Romiti joined Fiat, going on to become CEO and eventually chairman.
Romiti helped Fiat launch new car models and close the historic Lingotto factory in Turin to put the company solidly on the path to profits.
Fiat Chrysler Chairman John Elkann, an Agnelli family member highlighted the significant role Romiti had played in the automaker's past.