Chrysler Group’s vice president of dealer network development announced late last week his intentions to retire.

Peter Grady, who also leads Maserati North America as the company’s president and chief executive officer, will be stepping down, effective March 31.

The company said in the meantime, Grady will retain his current responsibilities and remain a member of the company’s NAFTA Leadership Team. 

Christian Gobber will take over leading Maserati North America on the first of the year.

“I want to thank Pete for his many years of dedication to the company and wish him and his family the very best,” said Sergio Marchionne, CEO of Fiat Chrysler Automobiles.

Grady has been with the company since 1984 and has worked in sales, service and dealer network operations, both within the U.S. and internationally.