Insider: Marchionne leaves the head of Fiat Chrysler



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The leaders of Fiat Chrysler (FCA) and his Ferrari daughter were summoned today for a special meeting in Turin. He will be appointed successor to CEO Sergio Marchionne, Italian media reported today.

The successor is Swiss Louis Carey Camilleri, chairman of Philip Morris International, in the race, Italian media reported. Marchionne would also leave the position of director of Ferrari, which he has been wearing since 2014, and will be replaced as such by Camilleri

Rumors about failing health

Born in 1952, Marchionne should not have been give up the direction of the FCA until 2019. He wanted to stay at the post of Ferrari boss. Marchionne had recently undergone shoulder surgery

. Since then, he is recovering. In recent days, rumors have circulated that Marchionne may leave the group due to health problems. Marchionne since 2004 Fiat Fiat boss. Under his leadership, Fiat merged with Chrysler.

At the beginning of June, Marchionne had presented FCA 's new investment plan by 2022. This calls for investments of 45 billion euros. Since then, Marchionne had not appeared in public, which had fueled rumors about his ill health.

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