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Earthquake at Fiat Chrysler: CEO of Marchionne goes serious illness
TURIN. The Italian-American carmaker has appointed a new chief at a board meeting suddenly convened on Saturday instead of acting since 2004 senior director Sergio Marchionne, whose health has deteriorated significantly these last hours.
Mike Manley Image: (REUTERS)
Due to serious complications due to surgery in early July, Marchionne could not return to work, announced the supervisory board.
The 66-year-old director was transported to Switzerland Complications as a result of a surgical procedure had occurred. Italian media reported in recent days that Marchionne had undergone a shoulder operation at the end of June. During his last public appearance on June 26 in Italy, when he presented to the Carabinieri a model of the Jeep Wrangler produced by his Fiat Chrysler group, Marchionne had appeared tired and tired. The media speculated that he had been operated on for a lung tumor. After the complications have occurred. Marchionne had already been flown to Zurich in coma
The award was not scheduled until April 2019
The Italian-Canadian Marchionne should not have handed the scepter to a successor internally before the month of April of next year. Marchionne has been driving at Fiat since 2004. He is credited with saving Fiat and Chrysler from bankruptcy.
The successor was named to head the Jeep brand of the FCA empire, Mike Manley. Born in 1964 in Edenbridge, England, Manley is the only senior executive in the firmament of the FCA, not the Fiat Empire, but Chrysler. Since October 2015, he is also responsible for the ram pickup brand. Under Manley's leadership, Jeep sold 1.4 million vehicles in 2017. In 2009, 337,000 had been discontinued
Manley, with director Alfredo Altavilla and FCA's chief financial officer, Richard Palmer, was considered a promising candidate for Marchionne's estate. The FCA was already looking for a successor to Marchionne, 66, with the FCA starting in the spring of 2019 only after the presentation of the Group's results in 2018 and wishing to devote itself entirely to the luxury car manufacturer Ferrari. The health problems have made Marchionne but a line through the bill. The CEO was operated in early July and has since been in a Swiss clinic, according to media reports. However, his condition has worsened considerably in recent hours.
The FCA Ferrari and CNH Industrial subsidiaries also change sides. Louis Carey Camilleri, Swiss director of Maltese descent, is the new CEO of luxury car manufacturer Ferrari. John Elkann, who occupies the same position as the Italian-American carmaker Fiat Chrysler (FCA), will hold the position of chairman of the board, said the FCA. The director, Suzanne Heywood, replaces the chairman of the commercial vehicle manufacturer 's board of directors, CNH Industrial, instead of Marchionnes, told the board of directors of the commercial vehicle builder. Derek Neilson will continue to act as Acting CEO.
Elkann explained that Marchionne and he had known 14 years of "great success and great difficulty." "These are unique and irreplaceable moments from a personal and professional point of view, and Marchionne taught us to change, even unconventionally, while acting responsibly towards the company and its employees," said Elkann, heir to The entrepreneurial family Agnelli, majority shareholder of FCA
Marchionne had taken the direction of Fiat in 2004 and rescued the company in trouble. Under his leadership, Fiat merged with Chrysler in 2014, making the Turin Group the seventh largest car manufacturer in the world. In early June, Marchionne had introduced the new FCA investment plan until 2022. This provides for investments of 45 billion euros. Since then, Marchionne was no longer in public, which had fueled rumors of his sick health
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